In a universe where Apple Pay has won headlines along with substantial retailer, financial institution and consumer buy-in, can CU Wallet survive?

Opinions are mixed, but some credit unions strongly believe that the better path for them is CU Wallet, which currently serves 84 credit unions, according to Chris Otey, chief revenue officer for the mobile technology, payments and security firm in Woodland Hills, Calif.

"At present, there is plenty of room for new entrants in the mobile digital services space. This includes, but is not limited to, CU Wallet," Jim Laffoon, president/CEO of the $8 billion Security Service Federal Credit Union in San Antonio, said. "Apple Pay is causing everyone to elevate their game."

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