In the latest Perspectives Report, Mark Sievewright highlights why now is the time for America’s Credit Unions to focus their attention on the development and roll out of contactless payment options for their members. Perspectives Reports are available exclusively to members of the Strategic Leadership Series....

During his comments in a webinar hosted by the MD-DC Credit Union Association, Mark Sievewright encouraged well-capitalized Credit Unions to “seize the day” in accelerating their investments in digital banking and payments capabilities. Mark described a set of “New Realities” facing America’s Credit Unions over...

    The decline in consumer spend on payment cards due to COVID-19 related restrictions is eating into financial institutions’ interchange revenue in a big way.   As the American Banker reported, interchange on large travel related purchases on credit cards created the initial impact.  Debit cards saw an initial surge when...

    Credit Union Journal featured views from Mark Sievewright in its lead article today titled, "Card Revenues Could See Double-Digit Declines from Coronavirus Impacts". Sievewright is forecasting a decline of between 8-10% in 2019 payments revenues for financial institutions driven mostly by reduced Interchange Income and offered...