CSCU’S Solutions Conference 2016: Digital Payments in the Spotlight
The Payments Review’s Paul Castner gives a wrap-up of the 2016 CSCU Solutions Conference.
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Compliance Center: VISA Card Issuers Must Offer Transaction Alert Capability by October
Compliance Center: VISA card issuers must offer transaction alert capability by October; also, question on FFIEC Cyber security Assessment Tool and legal briefs.
LSC Unveils NewGen-The Prepaid Debit Card Teens and Parents Can Agree On
A prepaid debit card teens and parents can agree on could be a great addition to your suite of products. LSC, your Strategic Link business partner introduces “NewGen”. Learn more at a free webinar.
Visa to Contact Credit Unions Over Target Breach Settlement
Target has agreed to reimburse Visa card issuers up to $67 million for costs associated with their massive 2013 data breach.
CO-OP Becomes First CUSO to Earn Visa Apple Pay Designation
CO-OP is a Visa “Engaged Issuer-Processor” for Apple Pay; active with Visa and MasterCard in enrolling credit unions.
Business Partners Informing Credit Unions About Apple Pay
Credit unions’ card management partners are stepping up to provide information and resources as Apple prepares for the Apple Pay launch.
Gesa Credit Union Responds to Target Breach with Real-Time Mobile Alerts
When news broke about the theft of Target customers’ credit and debit card accounts, Gesa Credit Union quickly told its members about Real-Time Mobile Alerts from VISA, which allows cardholders to set thresholds that trigger an immediate transaction alert via text message, email or push notification to a mobile device. If the transaction appears to be irregular, members can immediately contact Gesa to help stop further transactions on the card.
CUMONEY Visa: A Reloadable Debit Card Program to Suit Any Need
Prepaid reloadable debit cards may present new growth opportunities for credit unions. Strategic Link business partner CUMONEY reports its reloadable prepaid debit card program is an affordable relationship-building tool, carrying one of the lowest fee structures in the market.
What is Pin-Authenticated Visa Debit and How Does it Impact My Credit Union?
Strategic Link business partner CSCU invites you to learn about PAVD and its impact to your debit card portfolio.
CSCU Answers Questions about Credit Card Surcharges
Late last month, merchants in the United States were granted the ability to impose a surcharge on credit card transactions, giving businesses a piece of the interchange pie while leaving consumers and financial institutions with a sea of unanswered questions.
NFL QBs Team with Visa, MAP to Showcase Football-Themed Financial Literacy Program
NFL QBs Russell Wilson and Drew Brees teamed with MAP and Visa last week to showcase Financial Football, a video game with accompanying classroom curriculum aimed at improving the money management skills of high school and middle school students.
Merchant Surcharging on Credit Cards Quietly Began on Jan. 27
As of Sunday, merchants in the United States and U.S. Territories can now impose transaction surcharges on consumers using credit cards. The new ability to collect the surcharge stems from last summer’s antitrust class-action settlement between VISA and MasterCard and a large group of merchants.
Industry Consensus: EMV is Needed… and Soon
According to Member Access Pacific (MAP), merchants, processors and issuers alike agree on the need to implement EMV chip technology in the U.S. MAP is already putting tools in place to ensure credit unions can make a smooth transition to EMV before the last minute has passed.
Interchange Fee Settlement Includes Plans to Temporarily Reduce Swipe Fees for Card Issuers
Visa, MasterCard and several big banks reached a $7.2 billion antitrust settlement with a large group of merchants regarding interchange fees. The settlement will cost Northwest credit unions between $2.5 and $3.5 million in fee income.
Compliance Question of the Week
If our member gave someone his credit card number to make an online purchase and that person takes the number and purchases several other times against the Visa, what is the credit unions liability? Would we have to refund the member for the purchases that were made with the Visa, or would the member need to take action against the person who made the transactions against their account?
Help Members Unlock Savings with Visa Merchant Offer Inserts
Encourage cardholder usage and loyalty with market-ready inserts from Strategic Link business partner Card Services for Credit Unions. CSCU will provide free Winter Merchant Offer inserts with the purchase of summer inserts at a discounted rate.
Giving Financial Literacy the Attention It Deserves
Cyndie Martini, President and CEO of Strategic Link business partner MAP, discusses the important work showcased at a recent White House summit to increase financial literacy and a new toolkit developed by the White House’s Domestic Policy Council.
MAP Releases Branch Best Practices Guide for Debit Card Programs
Strategic Link business partner MAP outlines a series of best practices in a new document to help credit unions achieve a boost in Visa debit profitability through their individual branches.