The 280 shareholding credit unions of CU24, a nationwide, credit-union owned POS and EFT network, will get their share of a $1 million patronage dividend, the company announced Aug. 25.
The credit union owned POS and ETF network adds to its total of $17.5M dividends paid back to owners since its inception.
Chip-and-PIN cards will work at retailer terminals.
A U.S. District Court judge gutted the Federal Reserve’s debit card regulatory regime July 31, ruling the Fed rule disobeyed the law and ordering the regulator to rewrite it.
CU24, the credit union-owned ATM and payments CUSO headquartered in Tallahassee, Fla., has launched a service for outsourcing ATM management.
Credit Union 24 has shortened its name to CU24 but broadened its vision of what it can offer an already crowded payments market.
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.
Jim Park, founder of one of the nation’s two national credit union-owned ATM and point of sale networks, will step down from his position as president/CEO of Credit Union 24 at the end 2012. Mansel Guerry, former CEO of the 5,200-member $30 million Brightview Credit Union in Ridgeland, Miss., will...
EFT pioneer to retire at end of 2012.
Florida State University CU CEO Bradley Blake succeeds Mansel Guerry.