To compete, credit unions should ensure their mobile systems are up to par.
Seventy-five percent of consumers still prefer to open checking accounts at a branch, Raddon says.
Chip-and-PIN cards will work at retailer terminals.
Add Apple to the list of potential new players in the payments market.
This Opinion piece looks at how analytics can be used to personalize the member relationship.
ST. PETERSBURG, Fla. — While the long-term payments future remains optimistic for credit unions, the 2013 annual conference of Card Services for Credit Unions revealed the immediate payment path continues murky and expensive as ever.
Shareholder distribution from big CUSO jumps 73% from year before.
Credit unions often find it difficult to provide international payment services to their members, the demand for international drafts, wires, international ACH and encashment of foreign receipts grows daily as global trade becomes an increasingly important part of business for companies and individuals.
A new report from the Center for Financial Services Innovation suggests that products and services marketed to unbanked and underbanked consumers could represent a huge and growing market for the nation’s credit unions.
Payments, cards services providers formed partnership earlier this year.