CU Executives Urged to Critically Examine Their POS Networks
BASTROP, Texas - Credit union executives attending CO-OP Financial Services' THINK 09 conference were told that taking a critical look at their point of sale networks could save their credit unions a good deal of money.
By David Morrison |
Updated on April 06, 2009
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BASTROP, Texas – Credit union executives attending CO-OP Financial Services’ THINK 09 conference were told that taking a critical look at their point of sale networks could save their credit unions a good deal of money.
Lynne Kneebone, Sales Director for CO-OP Financial Services explained that as part of the legacy of how POS networks developed in the U.S., many credit unions have been left with two or three or sometimes more POS networks. What they don’t realize is that these networks do not all bring the same interchange and not using the one that brings the most interchange is likely costing them money, she explained.
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