Credit cardholders who routinely pay only their monthly minimums present double the credit risk as those who pay more, even if only slightly more, according to a new study.
ST. PETERSBURG, Fla. — CSCU CEO Robert Hackney urged credit unions to pick up the pace in the face of changes in the payments space.
Despite widespread recognition of their importance to an overall loan portfolio, credit cards remain far too mysterious to far too many credit unions, according to consultants that work with credit unions on credit card management.
Awareness and ownership, risk vs. reward and know thy members. All this can pay off in the card portfolio, these experts say.
Ondine Irving adds scoring card portfolios, risk management to card school curriculum.
ST. PETERSBURG, Fla. — An undercurrent of concern about how card processor FIS was handling some of its ongoing information security problems was not enough to dissuade 321 payment executives from 131 credit unions that use the processor from meeting April 25-29 to celebrate card success and strategy.
ST. PETERSBURG, Fla. — FIS said credit unions will be expected to take on a greater role in helping guard information security and prevent breaches.
ST. PETERSBURG, Fla. — Conference attendees told they'll be hearing from FIS brass about advisory letter from regulators and member data security.
Agency sources call "ridiculous" the idea that regulator was trying to drive credit unions away from processing with FIS.
FIS, the credit and debit card processor for more than 5,000 credit unions, has announced the hiring of a chief risk officer.