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.
In this Opinion piece, a First Data executive looks at how un- and underbanked consumers "can provide a unique opportunity for credit unions to grow their member base."
Card issuing credit unions are probably looking at a better than average month for credit and debit card interchange.
TMG's analysis echoes similar findings from card processing rivals First Data and CO-OP Financial Services.
Between the ages of 13 and 19, teens begin to make more of their own decisions. Unfortunately, credit unions aren’t always on the winning side of teen independence.
Earlier store openings and a search for bargains drove retail sales volume up 5.6% from last year, First Data said.
Merchants fund points in exchange for market exposure.
Credit unions that participate in CO-OP Financial Services network will soon have access to more than two million point of sale terminals nationwide after the payments CUSO announced a deal with transaction processor First Data.
Credit union members whose debit cards carry the CO-OP Network logo will soon be able to use their cards at STAR Network POS.