Recent studies reveal the vast majority of card issuers, merchants and cardholders are not ready for EMV.
Consulting firm offers financial institutions five ways to reduce their debit card processing costs.
The $1B Utah credit union reports strong Apple Pay adoption and expects big numbers after local grocery stores go live.
Credit unions find new value in an old asset.
Experts estimate fewer than 50% of card-issuing credit unions will have EMV-equipped credit and debit cards ready by October 2015.
More than half of credit unions will miss a key October 2015 deadline that requires credit cards to be equipped with EMV chips, processors said.
Payment processors say CUs are behind pace to upgrade to EMV chips by October 2015 and may face fraud loss liability.
Middleware now includes the ability to control credit union connectivity throughout the enterprise.
Despite a new state law in Colorado legalizing recreational use, credit unions still worry marijuana business accounts will run afoul of federal regulations.
While financial institutions wait for guidance from the DOJ, credit union leagues in Colorado and Washington caution against opening accounts for state-legal weed businesses.