The Federal Reserve's most recent update of its rule implementing the Durbin amendment makes it a bit better for most CUs but leaves most of their deep concerns about the measure untouched.
Payment software executive notes that regulators around the world have generally had to tinker with debit regulations.
Chip-based smart cards offer opportunity for credit unions while smartphones take a lead in challenging plastic.
Half of the respondents in a 14-country survey about fraud concerns cited cards as their main worry, yet 10% of them in the U.S. said they carry their PINs with those same cards.
Consumers worldwide worry about card fraud while many of them still carry PINs with them, according to a recent survey.