How to Prepare for Seasonal Changes in Holiday Spending with Prepaid Cards
How are credit union professionals like meteorologists? Both need to look out for changes in seasonal patterns. For credit unions, however, those patterns represent consumer behavior that can give insights into how to meet member needs. This holiday season’s consumer patterns show overall tightening of budgets, but with pockets of increased spending among younger generations, especially via digital channels. Meanwhile, fraud temperatures are rising and heating up the need for consumer protections.
