London Mutual has announced a debit card scheme in cooperation with MasterCard. This ground breaking program, which launched on Monday 21 November, brings true, fully functional debit cards to credit union members across the country for the first time. The infrastructure necessary to implement and operate debit card functionality—from payment processors and card manufacturers to customer support services—has historically been out of reach for credit unions, whose smaller size in comparison to major commercial banks means transaction volumes beneath the minimum threshold for the service providers required. Read more: finextra.com
