The Federal Reserve's most recent update of its rule implementing the Durbin amendment makes it a bit better for most CUs but leaves most of their deep concerns about the measure untouched.
An unknown number of the third largest credit union's members were put at risk of identity theft after the CU had its security breached by a program carried on an infected laptop.
Debit card rewards programs at credit unions will survive the coming downturn in debit card interchange, but they will have to change and broaden their foundations in order to remain a part of credit union programs and services.
Even though the vast majority of credit unions never abused credit card holders the way many big bank issuers did,
BancVue, the product development and marketing firm dedicated to helping CUs and community banks compete with large banks, has announced a deal with card processing giant
Making good on a long offered promise, CO-OP Financial Services announced last week that it will start processing credit card transactions in early 2011.
The Federal Reserve Board has reached out to credit union trade associations as part of its first steps toward crafting a cap on debit card interchange.
Credit unions responding to NAFCU's August Flash survey reported that merchants were the leading source of the credit and debit card fraud attempts they were seeing.
Credit unions responding to NAFCU's monthly Flash survey reported that merchants were the leading source of credit and debit card fraud attempts.
After almost 35 years processing credit union credit card transactions, Town North Bank has sold off its last stake in card processing.