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Anyone with doubts about the long-term viability of credit union credit cards need only look at the numbers and variety of credit card processing firms which have come to compete for credit union business.

With the news of the BancVue/TSYS partnership, credit unions have at least six card processing vendors from which to choose: BancVue/TSYS, TSYS on its own, CO-OP Financial Services, FIS, PSCU Financial Services, The Members Group, and Jack Henry Payment Processing (formerly Pemco). And this does not count credit union leagues that offer their member CUs card processing packages or the numbers of core processing firms that also offer the service.

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