Prepaid cards can be difficult to reload, and the difficulties multiply when those funds are in the form of a check.
The effort to create a new technology standard for integrating credit union-specific software has marked a number of milestones since it was launched by members of the CUNA Technology Council.
A new policy and fee structure from Visa are having a significant impact on the already complicated debit interchange market and, in some cases, are making that market more difficult for credit unions to navigate, according to payments executives.
This preview from next week's print edition looks at the work on new integrating standards for credit union-specific software.
The $963 million Washington state credit union said more than 50 employees were involved in the decision process.
Just when many credit unions are catching up with member demands for mobile phone banking, yet another strong trend is emerging among consumers: tablet banking.
Credit unions can enlist their members in the payments revolution. A new service from Fiserv, called SpotPay, along with similar services such as Square are expanding the universe of payments that can be settled on credit or debit cards.
Service will include what amounts to real-time verification of an item for deposit while enabling easy re-load of prepaid card.
This article from next week's print edition explores how, and why, credit unions may want to respond to the tablet revolution.
There's a great market here. No, there's not. Opinions vary widely among vendors and credit unions alike.