While Apple Pay preserves existing payment systems, CurrentC aims to avoid interchange.
CEO Larry Biernacki says no fee for members who have had cards for at least three years, and no new fees for at least the next three years.
The issue of revenue that banks and credit unions make from transactions on their debit cards moved from the obscure corners of the financial services industry into the national spotlight last week as the Federal Reserve's debit interchange cap came into effect.
Arizona State CU SVP says new members citing new bank fees in decision to switch.
Michigan CUL issues localized press releases touting CU difference in Wolverine State.
Consultancy says it's advising credit unions to hold off as big banks test the post-Durbin waters.