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Why You Should Re-Examine Your Interchange Strategies.

By Workman, Kendall
Publication: Credit Union Journal
Date: Monday, January 16 2006

The world of network interchange has changed dramatically over the past decade with the onset of debit cards, the rise of PIN and signature-based transactions, and the proliferation of mergers and acquisitions among debit networks and processors.

But while the EFT interchange scene has significantly evolved, the EFT interchange strategies of many credit unions have remained stagnant. As a result, many of today's credit unions are spending too much on their debit network membership costs and missing out on opportunities to maximize the profitability of their EFT programs

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