Employing different processors for credit, debit and ATM can be a costly and unproductive practice.
Explore six important components of protecting payment card data from threats.
For card-carrying consumers, the transition to EMV technology begins with education.
The $674 million St. Mary's Credit Union appointed Larissa C. Thurston as CFO and SVP of finance. Prior to joining the Marlborough, Mass.-based cooperative, Thurston served as vice president and controller of the Bank of New England in Southern New Hampshire.
Read about the credit union industry's latest new hires, promotions and other career milestones in this week's People.
Only a select few credit unions get live Apple Pay this year, while others report problems meeting Apple's debit card requirement.
Experts estimate fewer than 50% of card-issuing credit unions will have EMV-equipped credit and debit cards ready by October 2015.
More than half of credit unions will miss a key October 2015 deadline that requires credit cards to be equipped with EMV chips, processors said.
Payment processors say CUs are behind pace to upgrade to EMV chips by October 2015 and may face fraud loss liability.
Ask a few small-business owners about their mobile banking needs and their wish lists may read like this: capture and store receipts, block stolen credit cards and schedule appointments with their credit union or bank.