DES MOINES, Iowa-Most credit unions that believe they know what's coming with mobile payments should think again, one analyst is cautioning, as they're going to need to stay knowledgeable and be nimble to react to change in the mobile space and protect card revenue.

Brian Scott, VP of The Members Group, painted a picture of a mobile payments space that is now "messy" and in a state of flux. He stressed that while Visa and MasterCard are pushing for EMV conversion in the U.S., giving merchants and issuers incentives to convert to chip and pin, the payment technology that could win in the not-too-distant future could be one not controlled by the big payments networks, and will likely be mobile-based.

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