TITLE

Steps To Take In Planning For Reduction In Interchange Income

AUTHOR(S)
Birch, Ray
PUB. DATE
April 2011
SOURCE
Credit Union Journal;4/4/2011, Vol. 15 Issue 13, p17
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the advice of Civil Service Credit Union (CSCU) vice president (VP) Bill Lehman on ways to reduce debit interchange revenue including the recognition that processing a lot of checks are more expensive that debit card transactions, increase card penetration to compensate for a loss of interchange revenue, and to get members use credit card more often.
ACCESSION #
59797471

 

Related Articles

  • Relationship Advice: Rewards Pay Rewards.  // Credit Union Journal;2/6/2012, Vol. 16 Issue 6, p8 

    The article reports that CSCU's vice president of portfolio consulting Bill Lehman has offered a relationship advice for credit unions in the U.S. which should focus on relationship pricing and rewards in 2012.

  • Interchange Cap Impact Pegged at $1M for CUs in Third-Quarter 2012.  // Credit Union Times;2/27/2013, Vol. 24 Issue 8, p14 

    The article reports on a decrease of one million U.S. dollars in U.S. credit unions' cap on debit interchange in the third quarter of 2012 due to the Durbin amendment.

  • Analyst: Time To Put Foot On The Gas In Developing Income. Birch, Ray // Credit Union Journal;4/4/2011, Vol. 15 Issue 13, p17 

    The article offers the insights of Bill Lehman, vice president of portfolio consulting for Credit Services for Credit Union (CSCU), on credit union industry wherein he relates that it is time for credit unions to do their business, develop strategies to recover for the loss of debit interchange...

  • Vendors: Rewards Programs Will Change, Not Disappear. Morrison, David // Credit Union Times;1/26/2011, Vol. 22 Issue 3, p20 

    The article reports on the need for debit card rewards programs to change and broaden its foundations to remain part of credit union programs and services in the U.S. Bill Lehman, card consultant for Card Services for Credit Unions, mentions that debit rewards would remain for the Americans have...

  • 'Shout It'  // Credit Union Journal;10/10/2011, Vol. 15 Issue 39, p30 

    The article presents the debit strategy offered by vice president Bill Lehman of Card Services for Credit Unions (CSCU) for market shares growth among credit unions.

  • Prestige+Value = More Profitable Portfolio. Birch, Ray // Credit Union Journal;4/11/2011, Vol. 15 Issue 14, p17 

    The article reports that vice president (VP) Bill Lehman of Card Services for Credit Unions (CSCU) says that the credit cards of credit unions (CUs) must express value and prestige to attract the CU members to place the card at the top of their wallet.

  • Too Much, Too Late. Park, Jim // Credit Union Journal;8/30/2010, Vol. 14 Issue 35, p28 

    The article reports on the statement of president Jim Park of Credit Union 24 Inc. (CU24) regarding the possible effect of the financial reform bill issued by the government on the elimination of debit reward program among credit unions.

  • NW Farmers Selects USERS.  // Credit Union Journal;03/19/2001, Vol. 5 Issue 12, p10 

    Reports developments on credit unions in the United States as of March 2001. Acquisition of the DataSafe In-House information system and access RMS optical system of USERS Inc. by NW Farmer's Insurance Group Federal Credit Union; Introduction of a paper-free member debit authorization solution...

  • Why Debit Will Be Big Focus In Q3 and Q4. Birch, Ray // Credit Union Journal;6/6/2011, p22 

    The article focuses on the prediction of Velocity Solutions Inc. chief demand deposit account (DDA) strategist Bob Giltner, which states that the slow economic progress will force credit unions (CU) to emphasize debit as a source of revenue.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics