Debit Cards Archives

October 2016

How Credit Unions can Strengthen Cyber Security

BY kkaluza
ATM, Credit Cards, Credit Unions, Debit Cards, EMV, Visa

October is National Cyber Security Awareness Month

July 2016

What consumers want in their FI

BY kkaluza
Credit Unions, Debit Cards, Mobile Payments, Mobile Wallet

Knowing what members want and expect from a credit union is crucial to member engagement and loyalty. Without this information, a credit union is not able to deliver the best customer service or support, and they may lose members or fail to attract more.

June 2016

The convenience of cardless cash at the ATM

BY kkaluza
ATM, Debit, Debit Cards

ATMs can be very convenient at times. Only about 20 percent of people carry more than $50 in their wallet, according to The Washington Post. This leaves little leeway for paying someone back, going to cash-only businesses or offering to split a check with a friend.

May 2016

Improve member satisfaction with “Bill Pay”

BY kkaluza
Bill Pay, Credit Unions, Debit Cards, Online Banking

Chances are very good that the majority of your members have to pay a few monthly bills of some kind. Whether they are for a mortgage, an auto loan, credit cards, utilities or something else, they are notified about every 30 days or so to make another payment. While no one enjoys paying bills, it

April 2016

Technology is improving in fight against fraud

BY kkaluza
Big Data, Credit Cards, Credit Unions, Debit Cards, Fraud

A little more than five months ago, businesses across the U.S. faced a deadline that changed their point-of-sale process. The introduction of upgraded EMV-compliant payment terminals meant liability for fraudulent charges shifted to noncompliant retailers.

March 2016

Mobile payments gaining momentum

BY kkaluza
Android Pay, Apple Pay, cred, Debit Cards, EMV, M-Payments, Mobile Payments, Samsung Pay

Last year many businesses were told they needed to upgrade their payment terminals to accept EMV transactions. As the Oct. 1 deadline came nearer, few merchants had actually made the switch. According to BAI, as of January, fewer than 4 percent of businesses had upgraded. One potential reason a large number of retailers are taking their time to make the

March 2016

Card-not-present fraud increases

BY kkaluza
Card Not Present, Credit Cards, Credit Unions, Debit Cards, Fraud

The payments industry has undergone a multitude of changes in recent years. Generally, these changes have been for the better. Greater acceptance of the EMV standard and improved technologies are making mobile payments more secure and accessible, while also protecting consumers’ personal and financial information.

March 2016

Mobile pay platforms are becoming more widely accepted

BY kkaluza
Credit Cards, Credit Unions, Debit Cards

Mobile payment platforms are quickly gaining popularity among consumers. According to data from eMarketer, mobile payments made in the U.S. in the coming year will grow 210 percent.

March 2016

Purchasing cards gaining popularity

BY kkaluza
Corporate Cards, Credit Cards, Credit Unions, Debit Cards, Insider, Purchasing Cards

Commercial cards have been growing in popularity over the past few years, and this is a trend credit unions should take advantage of. According to FIS Payments Leader, some industry experts expect the commercial card market to grow at least 12 percent annually for the next few years.