Archive for May, 2010

How can your institution improve the performance of your payment card programs?

Friday, May 28th, 2010

1. Lowering costs to operate your card programs: The benefits of re-allocating your current capital resources would contribute to your growth potential with out having to invest more money.

2. Reduction of delinquency and loan loss associated with unsecured card products: Risk mitigated is the key to a successful payment card program.

3. Streamlining operational efficiencies and card technology: Many card issuers are partnered with antiquated processor platforms or utilize a separate processing platform for credit and debit, which can be inefficient and costly.

4. Offering a competitive card product: Investment in card offering upgrades and rewards programs will allow your institution to offer a compelling card product.

5. Increasing card utilization and profitability: Your investment in the performance of your card programs will increase card usage and improve the ROA for your institution.

Credit Union Questions?

Thursday, May 27th, 2010

A few questions you credit union executives may want to ask yourselves:

1. Are costs increasing to operate your card program?
2. Is your card product offering competitive compared to other card issuers?
3. Do you have a plan to address the increasing cost of fraud claims?
4. Is your bond insurance premium set to increase?
5. What is your credit union’s tolerance for risk?
6. Is forming an agent card partnership right for your credit union?

Let’s build the complete list of Credit Unions on Twitter!

Monday, May 3rd, 2010

Credit unions have always been community-focused and with the rise of social networks, they haven’t missed a beat. There are hundreds of credit unions using Twitter to communicate with their communities and each other. So, we started to create a comprehensive list of all of them in one place. Any time you or a potential patron are looking for a local credit union on Twitter, there is somewhere you can go! (more…)