Chairman Debbie Matz says bids for payments operation "did not meet NCUA's responsibility to minimize service disruptions and impose the lowest possible cost."
ACH and related lines of business not included last week's eCom sale to CO-OP.
Announcement follows October bidding.
Soon there will be but one shared branch network serving credit unions across the country, companies say.
Combination would create a single nationwide shared branching network for U.S. credit unions.
The credit union movement received better-than-expected news on June 29 when the Federal Reserve Board announced its rules to implement the Durbin Amendment concerning debit card interchange. For credit unions under $10 billion in total assets, interchange rates will show little or no decline in 2011, and this will probably...
The $4.7 billion Citizens Equity FCU in Peoria, Ill, will now offer shared branching to its 279,000 members.
When it comes to stopping fraud, the $9.6 billion Boeing Employees Credit Union is trying to stay two steps ahead of scammers attempting suspicious transactions.