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The Bottom Line

Strategic Resource Management, Inc. (SRM) is pleased to announce its Endorsed Service Provider partnership with the New Jersey Bankers Association. The partnership was approved following a proposal submission process and vote of the New Jersey Bankers Association Service Corporation Board of Directors.  Through this partnership, New Jersey banks will have direct access to SRM’s suite of services which include vendor contract benchmarking, contract negotiation, and revenue enhancement.  

Strategic Resource Management, Inc. (SRM) is pleased to partner with ECUC and its member credit unions through the new Business Partners Program. SRM specializes in cost saving and revenue enhancement strategies that will improve your bottom line. Working in areas such as card branding, card processing, online banking and bill payment, as well as 20 other vendor categories, SRM has implemented over $50 million in cost savings for its multiple ECUC member clients.

Now that the 10 major credit card issuers in the United States are converting to chip-based credit and debit cards, and two-thirds of leading retailers preparing to accept them, expectations are high that these EMV cards will dramatically reduce fraud.

In the Jan. 7, 2015 issue of “PaymentsSource,” Strategic Resource Management executive vice president Bob Koehler commented on Apple’s negotiation stance with the Apple Pay product.

December 11 –  As the clock ticks on passage of the government spending bill, reaction has varied widely on a provision that was added to revise the Dodd-Frank financial reform act. At issue is the “swaps pushout rule,” which has yet to take effect.

LAS VEGAS — On day two of the sprawling Money20/20 conference at the Aria Resort here, speakers waded into many of the era’s hot button topics including interchange to bank branch reinvention, tokenization and card not present fees.

With the liability for card fraud set to switch in one year to financial institutions and merchants that aren't ready for EMV, many credit unions are scrambling to transition from slide-and-sign to pin-and-chip.

Point-of-sale network CU24 and Allpoint, a national ATM network, have extended an agreement to continue offering access to the more than 55,000 surcharge-free ATMs through CU24.

October 30 – As the United States looks to implement EMV, Javelin examined the United Kingdom EMV market as a looking glass into the future U. S. market. While the rapid proliferation of EMV adoption in the UK produced a significant drop in POS fraud, it did not address where card fraud is most problematic—e-commerce and m-commerce. Javelin Strategy & Research’s report, Fixing CNP Fraud: Solutions for a Pre-and Post-EMV U.S. Marketwarns that online card fraud will rapidly increase despite and irrespective of the US transition to EMV.

October 29 – This month marks the one-year benchmark before the EMV liability shift takes effect, changing nearly every part of the payments ecosystem from issuers and merchants to consumers and payments networks. Compiled into an easily readable eBook, industry leaders provide their perspective, best practices, learnings from other markets, and insights on preparing for the impending Chip and PIN and digital future.