After almost 35 years processing credit union credit card transactions, Town North Bank has sold off its last stake in card processing.
In privacy disclosure statements provided to customers of depository financial institutions such as credit unions, a casual reading suggests that privacy of one's assets and transactions is being protected.
The report has come out from a nationwide simulated cyber attack on the nation's ACH, check and card payment systems earlier this year.
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In its first issue, Credit Union Times covered a conflict that resulted in the creation of two pillars of the credit union card world that are still around today.
As regulatory pressures build, PCI has become a particularly hot topic.