Moving transactions from ACH, checks and cash to debit cards helps credit unions both reduce their costs and improve their revenues, according to a paper published by Card Services for Credit Unions.

CSCU is the association of credit unions which process payment transactions with FIS.

The association pointed to industry research that shows that 39% of U.S. purchases in 2010 were made with cash and checks, two methods which cost credit unions money. Checks cost 14 cents to process, on average, and ATM cash withdrawals cost an average of five cents.

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