A CUNA survey of some of its member credit unions suggests credit unions with less than $10 billion in assets have begun to take a hit to their debit card interchange even though they were not supposed to feel the impact of a debit interchange cap.
Merchant Payments Coalition cites CUNA survey, says smaller-asset institutions shielded from interchange cap.
Participating credit unions showed drop in debit interchange for PIN transactions.
Ondine Irving adds scoring card portfolios, risk management to card school curriculum.
LAS VEGAS — "It has to be secure." "It has to be easy to use." "It has to be exciting."
Industry observers and executives with other processing companies predict that the recent supervisory letter on FIS security problems may have a limited impact on FIS’ sales but will likely heighten the importance of security for all payments processors.
Long, complicate processor switch process should impede exodus from FIS after regulatory letter, card consultant says.
The NCUA has asked credit unions that process their debit and credit card transactions with FIS to evaluate their relationship with the card processor in light of an information technology supervisory letter the company has received from other federal financial regulators.
Card Analysis Solutions has announced its next Credit Card Management School, scheduled for early June in Florida.
This year saw a regulation capping the interchange card issuers were able to earn on a debit card transaction come into effect for the first time in history.