A new white paper offered by Card Services for Credit Unions urges CUs to review the way they process debit and credit card transactions with an eye toward both reducing costs on the debit side and increasing revenue on the credit side.
Card Services for Credit Unions is the association of credit unions which process their card transactions with FIS.
The paper, which CSCU commissioned from the First Annapolis financial consultancy, outlined three different approaches to card processing and laid out the costs and benefits of each.
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