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CU Today

‘Higher Costs for Everyone’ Would Result from Proposal Related to Payment Processing Fees, New Research Suggests

Nov 3, 2023

Proposals to require financial service providers to exclude payment processing fees from the sales tax portion of a card payment would “bring higher costs for everyone but the largest merchants,” according to CUNA-commissioned research from Cornerstone Advisors.

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It's the 'T' Word Again

Jul 16, 2023 A survey from Mitek and Cornerstone Advisors reveals that nearly 88% of Americans accessed their checking accounts using a smartphone or tablet during 2022. Although consumer confidence in platforms is high, roughly one-third of mobile banking users are “very” concerned with various types of mobile banking related fraud activities, the report shows.

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Interchange Legislation Will Only Benefit Big Merchants

interchange. Jul 11, 2023 A new Cornerstone Advisors study, commissioned by CUNA, examines the effects of the 2010 Dodd-Frank Act’s Durbin Amendment and the proposed Credit Card Competition Act of 2023, introduced this Congress by Sen. Richard Durbin (D-IL).

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