Strict data security policy and procedures can help credit unions avoid costly breaches.
PULSE survey finds 17% of credit unions said they'll face the risk.
Credit unions saw 16% of their cards hit by fraud in 2013, compared to 12% for community banks and 14% for large banks.
Discover Financial Services said Nov. 18 holders of its cards will begin seeing FICO scores on their card statements. A company executive described the move as a way of helping customers better manage their finances.
A company executive described the move as a way of helping card holders better manage their finances.
In a move to recruit checking account depositors, Discover Financial Services announced a deal with Allpoint last week to offer millions of Discover card holders access to Allpoint branded ATMs.
CU24, CO-OP said they still have competitive differentiation as Discover gets to 133,000 surcharge-free ATMs.
Credit unions and other debit card issuers moved significantly closer to being able to issue smart chip embedded debit cards last week when a key industry council announced its members reached agreement on a key software approach.
Industry work group agrees on common software approach for EMV cards in U.S. while CO-OP CEO recommends deployment wait.
Deal provides member credit union with access to POS terminals and ATMs in PULSE network.