Commentary

Credit unions often find it difficult to provide international payment services to their members, the demand for international drafts, wires, international ACH and encashment of foreign receipts grows daily as global trade becomes an increasingly important part of business for companies and individuals.

Converting the nations millions of cards, processing terminals and banking systems to EMV may take as long as a decade or more.

An important skill for an agile credit union is the ability to be decisive in indecisive times.

An important skill for an agile credit union is the ability to be decisive in indecisive times.

While credit unions seem to have dodged this lob for now, it did draw attention to the credit union tax exemption, which the banking lobby is sure to relish.

Change is in the cards, literally. Europay, MasterCard and Visa technology is coming to the United States and bringing with it a host of benefits for cardholders and issuers, including enhanced security and international compatibility.