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...