7 Digital Wallets for Credit Unions to Embed
The jury is still out as to which wallet technology will win the hearts of consumers and retailers. My gut tells me it’ll be a long while before we have one virtual wallet to rule them all. As the battle rages on, potential wallet providers are surfacing from some of the most unlikely places and industries.
An unintended consequence of the Durbin amendment is that many of the larger, national banks canceled their debit rewards programs as they no longer made financial sense for them. Credit unions have a unique advantage in this arena. If you offer debit rewards, that’s a great incentive to make your debit card the default payment card for your members.