Real or not real? For credit unions facing fallback transactions, correctly answering this question could mean the difference between allowing legitimate or fraudulent transactions through. Fallback transactions occur when a consumer inserts a chip card [...]
“Alexa, pay my bills.” While consumers love the convenience of connected devices to make everyday tasks like bill paying and shopping easy, they may not enjoy the potential fraud risks that come with it. The [...]
Consumers increasingly turn to prepaid cards as their preferred non-cash method of payment. Prepaid cards, in fact, had the fastest growth rate of any payment type between 2006 and 2012. By 2018, the Consumer Financial [...]
In today’s increasingly connected society, wireless networks have become an expectation within homes and businesses. Wireless technologies in computers, printers, speakers, headphones and other devices allow users to complete tasks without being hindered by [...]
Imagine walking into a credit union, being greeted by name and then being asked how you like your new rewards card – all before you’ve even said, “Hello.” In the digital age, consumers have begun [...]
Short, sweet and to the point. In today’s world where attention spans have decreased to around eight seconds, snackable marketing content is key. Snackable content is designed for online readers to quickly consume and [...]
Recent research from payment technology company NCR suggests hackers can override code on EMV chip cards to make them appear as regular magnetic stripe cards. Why is this a potential problem? Because it would mean [...]
Great power comes from a great prepaid program. Since launching its first card in 2001, Starbucks has achieved tremendous success with its prepaid program. Today, the coffee mega-chain boasts more than $1.2 billion loaded [...]
Consumers are no strangers to technology. They shop online, tap to pay and control their thermostats with their mobile devices. Banking is just one more facet to consumers’ digital lifestyles. To meet, and even surpass, [...]
It’s no secret consumers are increasingly seeking out personalization. They demand experiences, products and promotional offers specifically tailored to their behaviors and preferences. For credit unions, the key lies in accumulating the data to [...]
Consumer awareness of mobile payments is on the rise, largely due to the heavy publicity surrounding the launches of Apple Pay, Samsung Pay and Android Pay. More than 50 percent of consumers say they are “[...]
Widespread EMV chip card adoption is expected to drive down card-present fraud in the U.S. This was the experience in Canada and the UK, which have already noted dramatic reductions in counterfeit card fraud [...]
As 2016 progresses, there is much promise ahead for increased EMV chip card adoption. Already, merchants accepting EMV have noted a distinct shift in their usage among consumers. About 70 percent of Walmart’s and [...]
Credit unions going head-to-head with major credit card companies may face some challenges. A recent article from CreditUnions.com noted how the limited credit card offerings of some smaller financial institutions (FIs) may pale in [...]
Credit card portfolios can be a credit union’s most lucrative asset, generating up to a quarter of the cooperative’s net income. However, dormant card programs are an all too often occurrence. When left [...]
