Menu
Posted: Feb 4, 2016
Comments: 0
Author: Lou Grilli
Financial institutions have always had their work cut out for them trying to make sure that when a member or cardholder reaches for a card to pay with, it’s their card; in other words, being top-of-wallet. But using mobile apps to pay adds a new twist. Now, the mobile phone user needs to actively choose which card to add to the mobile app and most apps allow more than one card.
Read more
Posted: Jan 26, 2016
Comments: 0
Author: Tom Davis

What should credit unions be on the lookout for in 2016 regarding payments?  Driving member card loyalty might be the biggest challenge your credit union will face.  The competitive set is rapidly growing and evolving for member credit and debit card loyalty especially with new payment offerings from merchants. As consumer demand continues to accelerate you will need to evaluate your credit union’s loyalty programs to ensure they are satisfying your members’ needs and your credit union’s bottom line.

Read more
Posted: Jan 19, 2016
Comments: 0
Author: Lou Grilli

The U.S. House Financial Services Committee recently passed the Data Security Act of 2015. The bill has some positive implications to credit unions and financial institutions, but does present some challenges for state privacy laws and small businesses. The act would establish consistent standards nationwide for data security requirements and data breach notification requirements.

Read more
Posted: Jan 15, 2016
Comments: 0
Author: Barney Moore
I guess you could say there is no rest for the weary. Credit unions faced with EMV enablement and the implementation of card issuance strategies to meet the recent October 1, 2015 EMV card liability shift date now have another rapidly approaching EMV liability shift date to circle on the calendar.

 

Read more
Posted: Jan 15, 2016
Categories: Debit Cards
Comments: 0
Author: Lou Grilli

PINless debit has been in use for many years. It allows certain merchant categories to bill debit cards for things like utility bills and internet charges, where entering a PIN created additional security concerns.  The use of PINless debit complies with the Durbin Amendment and cuts merchant interchange rates in half. 

Read more
RSS
12345678

search

Featured Stories