NCUA Vice Chairman Metsger says more than two-thirds of the 500 financial institutions supporting the new tool are credit unions.
Having innovative products and services is one key way to stay ahead of the competition.
To compete, credit unions should ensure their mobile systems are up to par.
Commentary on current financial issues.
Apple, auto lenders and overdrafts are in the CFPB's crosshairs.
The rumblings are getting louder. Does Apple Pay presage the death of the plastic credit card?
The Federal Reserve will not propose any changes to the interchange fee standard or fraud prevention adjustment.
Supporters of credit union wallet solutions say the Apple announcement is good news for adoption.
Members spend the most on computer software, elementary and secondary school supply stores, bookstores and telecom.
The card will also feature a series of rebates on Wal-Mart purchases.