Marc Rapport has been Credit Union Times' technology correspondent for more than a decade.
The year 2010 will be remembered as when the federal government got involved in how much interchange banks and credit unions earn on their debit card transactions.
The Durbin Amendment to the Dodd-Frank financial reform act will likely cut credit union debit card income in the short term but may also spur further innovations in the payments industry.
Even if the Federal Reserve Board crafts debit interchange regulations that are careful to exempt credit unions, CUs will still lose some debit interchange income from unfavorable network changes.
Even though last year's financial reform package reduced debit card interchange for big financial institutions, an consultancy that specializes in financial institutions says smaller institutions will also take a hit.
The corporate mobile banking market might hold potential for credit unions wanting to push the envelope on business services.
There's little choice about whether to pay bills but lots on how to pay them. And while the mobile channel gets the hype, the leader is still snail mail.
Credit unions wanting to make some inroads into the business services market might consider the mobile channel.
The ongoing tangle that has become the foreclosure process in many parts of the country moved in two directions last week, each of which could impact credit unions.
Of the litany of regulations coming around the bend within the retail investment space, financial advisers said they are most concerned about the fiduciary standard and additional disclosure rules.