Purchase of a majority ownership stake in Everlink will allow CO-OP to expand in the U.S. and Canada.
Just like Kodak, Nokia, RIM and taxi cab drivers across the world, card companies do not see their demise coming.
CU Wallet, the mobile payments CUSO owned by some 80 credit unions, is on track to go live as early as April.
CU24, Allpoint extend alliance to provide 55,000 surcharge-free ATMs to credit union members.
Roman Seleznev, known in the criminal underground as Track2, stands accused of stealing 180K credit cards.
"If you are hanging your hat on interchange, you are in trouble," one credit union exec says.
Mobile payments platforms can entice entrepreneurs to do their business banking at your credit union.
Copycat POS breach malware available in underground forums for just $6,000, report says.
Credit unions that participate in CO-OP Financial Services network will soon have access to more than two million point of sale terminals nationwide after the payments CUSO announced a deal with transaction processor First Data.
Visa USA has made some recommendations for how to implement the shift from magnetic stripe payment cards to those which use a chip for authentication. And a Visa executive predicted the technology will have become a standard payment method by 2015.