Interest and noninterest income have been primary sources ofcredit union revenue. However, highly publicized, aggressive movesby Apple Pay and other tech firms into mobile payments have createda new threat to that business model that's hard for credit unionsto ignore.
It's even harder for them to conquer.
That's because in order to join this emerging frontier of mobilepayments, credit unions basically have to do one of two things:Sign up with a third-party provider like Apple Pay or create theirown mobile payments technology.
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