Despite the documented ability of smart chips to cut fraud losses, experts say some credit unions and CUSOs have not moved very quickly to start issuing credit and debit cards enabled with the higher tech chips.
CU leaders want update on agency actions in capitalization and provider services.
In place at 624 credit unions is some form of remote deposit capture that allows members to deposit checks from any location using a desktop scanner, high-speed scanner or mobile smartphone camera.
Wisconsin, fast becoming the nation’s battleground for credit union-bank clashes over the tax exemption and CU to bank conversions, erupted anew last week with dueling press releases following a fresh appeal from the banking lobby to Congress tied to the debt crisis.
WBA calls exemption "sacred cow"; WCUL calls bankers hypocrites, citing years of no taxes while reaping profits and taking bailouts.
More CUs sign on for remote deposit technology.
Nearly 60% of credit union members rate the economy "poor."
Chartway Federal Credit Union has mourned the death of its longtime volunteer Edward Foshay.
California CU merging with one in Nevada.
Waiting game for credit unions and CUSOs by a patent litigation suit from London payments technology vendor Serverside Group.