February 2 , 2012


  Credit

Interest Charge Calculation Clarification

Effective March 1, 2012, FIS generic cardholder statement disclosures will be updated slightly to ensure clarity for cardholders and ensure ongoing compliance. This change does not affect credit unions currently using custom statement disclosures. Click here for a sample of the updated statement disclosures. Sections of the disclosure that have been changed or updated are highlighted for your convenience.

  Debit

Pass-Through PD315 Cards Not Activated Report

Effective February 5, 2012, the PD315 report will change from generating weekly to generating daily. FIS is making this change in order to help issuers better identify accounts that have not been activated following an issue or reissue. Please click here for an example of the report which includes field descriptions and values. The report lists accounts that have not been activated after a variable number of days (which the institution defines) following an issue or reissue. The variable number of days that the institution has defined for an account to appear on the report can be changed by contacting your Credit Union Service Representative.

  Promotions

Visa Announces Turbo Tax Promotion

For the 2012 tax season, Visa will partner with Turbo Tax to provide cardholders with a special promotional offer. A trusted resource for tax help, TurboTax guides consumers step by step through their tax returns to help ensure that they receive the maximum refunds possible. New for 2012, TurboTax is offering free, one-on-one, personalized tax advice via phone or live chat. Beginning in January, Visa cardholders are eligible to receive 15% off TurboTax online and downloadable products1 through the end of the 2012 tax season. Through this promotion, issuers are urged to remind cardholders that using a Visa card is a fast, easy and secure way to pay taxes. For further details, click here.

ScoreCard's Big Wave Cruise Promotion

FIS is excited to announce a new ScoreCard travel promotion - The Big Wave Cruise Promotion - completely free to your credit union! ScoreCards' limited-time, exclusive promotion offers your cardholders the opportunity to earn an additional 1,000 Bonus Points when they book any cruise through ScoreCard Travel Services using their rewards card. Click here for more details.

  CSCU

Ignite Your Enthusiasm and Fire Up Your Card Program!

With all the extraordinary changes happening in the credit union industry this year, make sure your credit union isn't left out in the cold! Let CSCU's team of industry experts provide the guidance and tools to:

  • Rocket your card program through strategic planning
  • Kindle your creativity with our exciting line-up of inspirational speakers, including:
  • Kristen Christian – the strategist behind Bank Transfer Day
  • Frank Abagnale – acclaimed subject of Catch Me If You Can
  • Wayne Best – Visa economist
  • Explore hot new innovations in card payment solutions

CSCU's Annual Conference – IGNITE2012 – is coming home to the beautiful Renaissance Vinoy Resort & Golf Club in St. Petersburg, Florida, April 25 - April 29, 2012. You provide the spark, we'll provide the industry experts and know-how to fuel your debit and credit card performance and help your credit union grow and prosper. Click here to register.

CSCU's Two Part Webcast Series

If you were unable to attend CSCU's two part webcast series you can view a recorded version of the webcasts and/or download the PDF's.

PART 1 - 2011 Credit Union Industry Update. View the recorded version of the webcast here and/or download the PDF here.

PART 2 - 2012 Portfolio Management Initiatives. View the recorded version of the webcast here and/or download the PDF here.

Analytics for Profitability and Growth

Managed properly, your credit card program can be your highest performing asset. When was the last time you truly analyzed your portfolio? If your credit or debit program is processed through an agreement with the Association's Card Services, portfolio analysis is easy and more powerful than ever! 

CSCU’s Virtual Card Consultant offers advanced tools for precise analysis for penetration, volume, usage, penetration, and more. Simulation tools can help guide your credit union to successful rate offers and promotions. Or take a look at the strategies tab for tactics on acquisition/penetration, activation, account management and retention strategies. When you’re ready to take your card program to higher profitability, begin with an analysis from CSCU’s Virtual Card Consultant.

Questions on CSCU’s Virtual Card Consultant? Contact your Credit Union Service Representative today.


Pennsylvania Credit Union Association     4309 N. Front Street     Harrisburg, PA 17110     800.932.0661
http://www.pcua.coop