Search
 
Commentary

CUs, Cards and the New Mobile World

For more than a generation, plastic cards have been the de facto on-ramp to the payments highway. With the widespread adoption of smartphones and other mobile devices, how will the use of plastic cards change?

For more than a generation, plastic cards have been the de facto on-ramp to the payments highway. With the widespread adoption of smartphones and other mobile devices, how will the use of plastic cards change?  

The payments industry is in a period of dramatic change, with innovation and experimentation surrounding mobile technology and products at the forefront. Over time, the mobile channel will likely become the new payments on-ramp, providing safe, secure and real-time access to debit, credit and prepaid accounts. The threat to credit unions is that nontraditional competitors, including technology giants, telecom companies and startups, are well-positioned to attract members’ mobile payments now. To keep payments in-house, credit unions must innovate to remain relevant and keep credit union brands at the top of the mobile wallet.

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

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • 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.

Already have an account?

Tonya Knudesn

 

Recommended Stories

At Least We Have the CFPB

At Least We Have the CFPB

Henry C. Meier, Esq. |

Regulatory sarcasm reaches new heights in today's bank-failing world.

The Appraisal Bias Conundrum

The Appraisal Bias Conundrum

Henry C. Meier, Esq. |

Credit unions should consider any additional steps to take to ensure that your appraiser will not be accused of bias.

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.