A revolution is brewing in the payments industry. The future of payments technology is now in the hands of consumers in the form of their mobile devices and smart phones.

The growth of mobile devices that support Internet access and a rich set of applications have changed the way people communicate. These same devices are now poised to transform the way consumers handle their financial services as well. This rapidly evolving payments world necessitates that credit unions embrace emerging new technologies into order to retain members. 

Bank Transfer Day cast a national spotlight on the unique cooperative structure offered by credit unions and their consumer-friendly practices as an alternative to big banks. This sets the stage for credit unions to gain membership and revenues but only if they offer consumers the payments options they desire.