ST. PETERSBURG, Fla. — An undercurrent of concern about how card processor FIS was handling some of its ongoing information security problems was not enough to dissuade 321 payment executives from 131 credit unions that use the processor from meeting April 25-29 to celebrate card success and strategy.
The card processor for the majority of credit union debit and credit card programs received a supervisory letter from federal banking regulators that the NCUA then shared with credit unions that process their transactions with the company.
That letter, what it might mean and what FIS was doing about the problems it identified, were the topics of widespread speculation at the meeting but relatively little public comment from the company.
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