In today’s digital world, retail customers have come to expect real-time customer service, easy-to-use websites, and a wide choice of payment methods. As a retail merchant, if you are not yet offering a branded gift card as an option for shoppers to make purchases, you may want to reconsider that stance right now.
The old way of doing debit and credit cards no longer applies for credit unions, given the current innovative, competitive and fluctuating environment they’re facing. Is your CU leveraging the latest technology to capitalize on today’s market factors? Learn how to do so to connect with your customers on a one-to-one level.
Fifty-four percent of those 2014 breaches related to identity theft; 17 percent to financial access; and 11 percent to account access. And in that year, 32 data records were lost or stolen every second—averaging out to almost 2.8 million a day. In a world of widespread breaches, card issuers must look at reissuance as an opportunity.