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Credit/Debit/ATM
GAO Comes Down Uncommitted on Card Interchange
November 19, 2009
Neither card issuers like credit unions nor card acceptors such as merchants are liable to be terribly happy with the recent General Accounting Office Report on the credit card interchange....
Mica: GAO Report Highlights Importance of Card Interchange to Credit Unions
November 19, 2009
CUNA CEO Dan Mica praised today's General Accounting Office report on credit card interchange for recognizing how important card interchange is for card issuing credit unions....
Smart Financial Moves to Instant Issuance
November 18, 2009
The $415 Million Smart Financial Credit Union has rolled out instant issuance for debit cards....
CU Finds Opportunity In Breaking News
November 18, 2009
For Donna LoStocco and the leadership the $1.9 billion Affinity Federal Credit Union, national news headlines are opportunities to educate both Affinity members and the world at large about the advantages the credit union offers....
OneBridge Announces Four New CU Clients
November 17, 2009
OneBridge, a credit and debit card processor headquartered in Indianapolis, has announced four new credit union clients....
Company Announces Marijuana Debit Card
November 17, 2009
There may be no greater sign of marijuana's rising profile in the national economy than this: a company has announced medical marijuana will soon have its own pre-paid debit card....
Fair Isaac Rolls Out New Credit Scoring Service
November 17, 2009
Fair Isaac Corporation., the company that developed and markets the FICO credit score, has rolled out a new subscription service that it said will help credit unions better measure borrower risk in the current economy....
Pentagon Federal to Start Issuing American Express Cards
November 16, 2009
The $13.5 billion Pentagon Federal Credit has announced that it is the only credit union in the country, at least for now, to issue American Express cards. ...
California AG Candidate Promises Card Interchange Investigation
November 12, 2009
California Assemblyman and candidate for Attorney General Pedro Nava has announced that the Assembly Banking and Finance Committee, which he chairs, will hold at least one hearing in January 2010 to investigate credit card interchange rates....
ING DIRECT Suggests Americans Most Annoyed by ATM Fees
November 12, 2009
ING DIRECT, which bills itself as the “nation's largest bank and largest thrift,” is pointing to a recent survey to show that ATM fees, not overdraft fees, most annoy U.S. consumers....
Fed Issues Overdraft Rules
November 12, 2009
Credit unions and other financial institutions can’t charge overdraft fees at ATMs or on one-time debit card transactions unless the consumer consents, or opts in, as a result of rules that the Federal Reserve approved today....
TMG Reports Strong Interest in CDs Based on Card Activity
November 09, 2009
TMG Financial Services, the credit card portfolio purchasing and issuing arm of The Members Group, reported that 34 credit unions have sold the firm their credit card portfolios....
With 95 Days to Go, Visa Launches Global Olympic Marketing
November 09, 2009
Just over three months away from the launch of the Vancouver 2010 Olympic Games, Visa Inc. has launched an advertising campaign meant to warm consumers to both the event and its own card brand....
Obama Signs Legislative Fix to CARD Act
November 09, 2009
President Obama on Friday signed a bill giving credit unions and other financial institutions more flexibility on providing notification to consumers about non-credit card accounts....
Survey Shows Consumers Intend to Spend Less on Credit This Holiday Season
November 05, 2009
A survey of consumers who visited its Web site indicated that many intend to put less on credit cards for holiday celebrations this year, according to the National Federation of Credit Counselors....