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.
Pennsylvania credit union says it's seen 350% increase in credit card requests.
Credit unions can offer wallet access through their websites.
Marine Federal Credit Union said balance has claimed 8.5% and net yield by 2% in past year.
ST. PETERSBURG, Fla. — A panel of industry experts said EMV-equipped cards are not likely to make credit unions any money.
ST. PETERSBURG, Fla. — Nearly 300 credit union executives have gathered here this week for the 25th annual meeting of Card Services for Credit Unions.
Just when it might become more important than ever to be able to track the interchange that debit transactions generate for credit unions, many, if not most, may have not begun to uncover their debit programs’ bottom lines.
Weber State FCU in Utah drives 7% account growth in three months.
More closely analyzing transaction data to better understand member behavior continued to make inroads with credit unions as another large credit union payment organization announced a new data analysis tool.