The Federal Reserve's most recent update of its rule implementing the Durbin amendment makes it a bit better for most CUs but leaves most of their deep concerns about the measure untouched.
Payment CUSO argues CUs should capitalize on competitive opportunity.
Michael Kelly, the new CEO of PSCU Financial Services, believes credit unions have to significantly improve their payment products and services if they want to remain relevant to their members or even in existence over the long term.
Former Fiserv executive says the changing payments landscape facing credit unions is almost an obsession for him, in addition to a business challenge.
Craig Esrael, chairman of the board of PSCU Financial Services, said a succession plan made years before had helped lead the giant payments CUSO to choose a relatively little known payment executive as its next CEO.
Michael Kelly has been named the new president/CEO of PSCU Financial Services.