A new white paper offered by Card Services for Credit Unions urges CUs to review the way they process debit and credit card transactions with an eye toward both reducing costs on the debit side and increasing revenue on the credit side.
The Members Group cites results, urges issuers to retain and boost rewards programs.
First Data Corp. said today its monthly SpendTrend report found consumer spending uniformly up in March despite a late Easter and rising gas prices.
Debit card rewards programs at credit unions will survive the coming downturn in debit card interchange, but they will have to change and broaden their foundations in order to remain a part of credit union programs and services.
MeridianLink said its account opening tools have been added to the Internet banking services offered by First Data Corp.
First Data Corp. said it has added the account opening solution from MeridianLink to the e-commerce and payment specialist's Internet banking service.
International card processor First Data Corp announced that its measure of consumer spending on their debit and credit card was soft in June, indicating that consumers are still not returning vigorously to the market.
Credit unions that rely on card interchange for a good part of their noninterest income should see improved numbers from February and going forward, according to First Data Corp.
WASHINGTON -- CSCU President Robert Hackney wants everyone to know that the association's days of being seen as playing a more junior role with card issuing credit unions have ended.