Prediction #1: Card Rewards To Grow

Bartlett, Michael
February 2011
Credit Union Journal;2/21/2011, Vol. 15 Issue 8, p16
Trade Publication
The article presents the prediction of Tom Gandre, executive vice president for PSCU Financial Services Inc., on the changes in interchange transactions and its impact on credit reward programs of credit unions (CUs) in the U.S. According to Gandre, credit cards and credit card reward programs will benefit if interchange income from debit cards is reduced. He relates that financial institutions might make a move of encouraging people to take credit cards rather than debit cards.


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