North Dakota CUSO executive says it has "around 50" customers, expecting more soon.
A new card from Fifth Third Bank promises to make the often routine cashier question “debit or credit?” a lot more important for consumers who hold them. And it brings the bank a strategy for getting around at least some of the Durbin amendment’s interchange cap.
New plastic from Fifth Third Bank functions as both debit and credit card and avoids Durbin cap.
It is countdown to an Aug. 31 deadline for United Resources, the new corporate that may rise out of Western Bridge, but there are plenty of signs that credit unions are looking for alternatives as the evidence mounts that the capital goal will not be reached.
Vantiv new name of card processor for several hundred credit unions as firm moves to distance operation from bank roots.
NAFCU has elected to keep Fifth Third Processing Solutions as its exclusive preferred electronic funds transfer services vendor.
Cincinnati-based Fifth Third Bank continues to gain visibility as an alternative to corporate credit unions, but senior bank executives also made plain that their approach to credit unions fundamentally differs from a corporate’s.
Credit Union 24, the Florida-based nationwide ATM and debit network CUSO, has moved from using Fifth-Third Bank as a processing switch and will instead use FIS, the network said.
Picture a credit union universe without corporate credit unions. Not a one. ProDraft Services, a Bismark, N.D., CUSO, insists that such a world is not only possible, it may actually be better for credit unions.
The urge to serve the industry during what one CEO called "a very exciting and anxious period" coupled with heightened interest in dealing with the corporate dilemma are apparently