Payment Platforms

The average ATM surcharge increases 2% to a new record of $3.09.

"CUs led the surge into free checking in 2001, and now CUs are dramatically dropping the service."

Pressure is mounting on retailers to develop their own payment apps.

The constant need to catch up may be making it harder for credit unions to be more thoughtful about their ATM strategies.

The paper suggests credit unions cannot wait for an operational FedNow payment system and should take action now.

"Consumers and businesses globally are demanding faster payments, and more countries and financial institutions are hearing the call ..."