Payments/Credit/Debit

Young people dont want checkbooks, and its a reality that some credit unions may be ignoring.

Young people dont want checkbooks, and its a reality that some credit unions may be ignoring.

While the perception about electronic payment options is important among small businesses, NACHA The Electronic Payments Association and FIS found that not all firms have the scale and scope to adopt or offer them.

Despite widespread recognition of their importance to an overall loan portfolio, credit cards remain far too mysterious to far too many credit unions, according to consultants that work with credit unions on credit card management.

Just when it might become more important than ever to be able to track the interchange that debit transactions generate for credit unions, many, if not most, may have not begun to uncover their debit programs bottom lines.

St. Louis credit union cites ease of issuing new cards and launching new programs.