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CSCU Conference: Chip Cards Remain Expensive Choice

ST. PETERSBURG, Fla. While the long-term payments future remains optimistic for credit unions, the 2013 annual conference of Card Services for Credit Unions revealed the immediate payment path continues murky and expensive as ever.

By David Morrison | Updated on May 08, 2013
ST. PETERSBURG, Fla. — While the long-term payments future remains optimistic for credit unions, the 2013 annual conference of Card Services for Credit Unions revealed the immediate payment path continues murky and expensive as ever.

The organization held its conference from April 24-28 at the Renaissance Vinoy Resort.

“We are definitely at the beginning of a technology shift in payments,” Patricia Hewitt, director of debit services for the Mercator Advisory Services told a conference meeting specifically set aside for credit union CEOs. But the market has not picked a winner among the new technologies, and until it does, it will be hard for financial institutions to know how to move forward, she said. It will also be difficult to tell which nonfinancial institution innovators will succeed and which will fail, she added.

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