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.
Consultant, TMG exec say appreciation for profit center needs to be shown in management attention.
Credit unions that adopt the TMG product will sign contracts directly with TMG, who will be responsible for sales, implementation, support and invoicing.
Doubt has been swirling around the potential widespread use of near field communication, or NFC, a technology that links consumers’ mobile phones to merchants’ point-of-sale terminals, enabling instant mobile payments. Apple released the iPhone 5 without an NFC chip, leaving millions of consumers out of the NFC equation.
PSCU, CO-OP Financial Services and The Members Group have partnered with MasterCard to make the new technology available to credit unions.
Data analysis can act as a looking glass for credit union card teams, giving leaders a crystal clear view into cardholder behaviors.
Card management consultants working with a payment processing CUSO and association are working to convince credit unions to look more deeply into their card members data to help the credit unions improve their card portfolio management decisions.
Despite slow uptake and Google's low-touch service, search giant remains largest foe in digital wallet disintermediation threat.
This in-depth look at how Big Data can help the cards portfolio is a preview from next week's print edition.
Mining member card data can help tailor programs, target opportunities, say white papers from TMG, CSCU.