A consultant with a leading card association said that many credit unions have not opted to make a key change to their debit programs that he and other consultants are advising them to make.
Bill Lehman, portfolio consultant with Card Services for Credit Unions, reported that many of the credit unions that have contacted him about their debit program under the Durbin Amendment rules have opted not to evaluate their POS networks and reduce their number to the minimum two networks the new regulations require them to have.
Card Services for Credit Unions is the association of credit unions that process card transactions with FIS and represents the largest number of card-issuing credit unions.
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