You have seen the headlines – debit transactions are continuingto grow exponentially. Consumers are shifting away from cash andchecks, and plastic users are becoming more prudent with theirspending, choosing debit's “pay now” promise over credit's “paylater.”

Yet as debit use increases, so too does the risk of fraud withinyour credit union's debit portfolio.

Couple consumer confusion over the Durbin amendment with therecent announcements from large banks instituting checking anddebit card fees, and it's easy to see why your members might belooking for guidance where their everyday financial transactionsare concerned.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.