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Posted: Jan 26, 2016
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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.

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Posted: Jan 19, 2016
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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.

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Posted: Jan 15, 2016
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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.

 

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