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One thing that might keep Northwest Federal Credit Union President/CEO Chris McDonald up at night is when a member uses Apple’s Passbook digital wallet or PayPal to make purchases at restaurants, entertainment venues and gas stations on a daily basis and then once a month or so, cash is shifted from the member’s Northwest shared draft account to Apple or Google.

What the $2.6 billion credit union in Herndon, Va., loses in that scenario, said McDonald, is just about everything. The transaction data is opaque to Northwest, interchange fees vanish, and the member relationship could potentially erode.

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