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.
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.
BALTIMORE — Call this the loud message out of NACHA 2012: Financial institutions can choose to innovate. Or to die. And the pressures are higher on community banks and credit unions for a painful reason.
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.
The issue of revenue that banks and credit unions make from transactions on their debit cards moved from the obscure corners of the financial services industry into the national spotlight last week as the Federal Reserve's debit interchange cap came into effect.
Garden Savings Federal Credit Union, Parsippany, N.J., has announced the promotion of Robert Anselmo to chief retail officer. Anselmo has more than 18 years of experience in the financial services industry including the past four at Garden Savings, where he served as vice president of retail sales and service.
With a niche field of membership, Honda Federal Credit Union is always looking for ways to create and expand opportunities that will not only meet members' needs but bring in additional income.
Almost all entrepreneurs face challenges obtaining or retaining financing. But the obstacles Jill Lamoureux faces trying to get access to even the most basic financial services have been particularly daunting.
For many credit unions, the sweet spot in the small business market is the mom-and-pop sector-those shops that generate respectable annual revenue and employ a handful of staffers.