John and Glen discuss the key takeaways from the Federal Reserve's newly released Retail Payments Study and how they impact your FI strategy. Also - Listener Mail, and what EMV has in common with Obamacare.
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In this episode:
- Glen introduces the structure and information contained in the Retail Payments Study, as well as changes to this year’s study.
- Study highlights?
- What the study covers.
- Findings related to cash payments and ATM transactions.
- Changes in pre-paid card growth and check volume.
- Non-prepaid debit cards and credit cards.
- ACH, and its relationship to check volume.
- What is missing in the report that John and Glen would like to see addressed.
- Why the EMV implementation is similar to the Affordable Care Act rollout in the US.
- Discussion of fraud and its relation to EMV, and initial fraud findings related to EMV.
- EMV findings from the Fed report.
- Glen’s Top 5 takeaways from the Report.
- Glen’s best album of 2016.
- The first new listener feedback segment.
URLs related to this week's BIGCast:
- June 11-14 AXFI Conference in Minneapolis Minnesota. Join BIG and OnApproach at the premier educational event for credit unions and community bank professionals who are serious about financial innovation. Register now and save $200 with the early bird special. http://www.axficonference.com/.
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