payment processing

  • Sallie Mae to Launch Student Checking Accounts

    Education-focused financial services company Sallie Mae announced Monday that it will begin offering no-fee student checking accounts into which colleges and universities can directly disburse financial aid and tuition refunds owed to students.

  • Cards Dominate Fraud Worries

    Half of the respondents in a 14-country survey about fraud concerns cited cards as their main worry, yet 10% of them in the U.S. said they carry their PINs with those same cards.

  • Card Concerns Dominate Fraud Worries, Survey Says

    Consumers worldwide worry about card fraud while many of them still carry PINs with them, according to a recent survey.

  • CU Uses Enterprise System

    Canada’s second-largest credit union is now using a sophisticated enterprise management system as a high-tech tool in its fight against an old-school problem–theft.

  • CO-OP Posts Record Year

    CO-OP Financial Services has reported that it processed more transactions last year than it had in any previous year.

  • CUSO Hires Former Corporate CEO

    ProDraft Services Inc. has hired Doug Wolf, the former president/CEO of Midwest Corporate Federal Credit Union, as the payment processing CUSO's new vice president, effective Dec. 1.

  • Another Corporate CU CEO Makes Shift to CUSO

    Doug Wolf, the former president/CEO of Midwest Corporate Federal Credit Union, has been hired as vice president of ProDraft Services Inc., a payment processing CUSO, effective Dec. 1.

  • CO-OP Member Center Marks First Year

    CO-OP Member Center is marking its first year as a CO-OP Financial Services subsidiary, a year in which it added credit union clients in 16 states and the District of Columbia, the big CUSO said.

  • Constitution Takeover To Take Ninety Days

    The operations takeover of the soon-to-be liquidated Constitution Corporate Federal Credit Union by the also NCUA-conserved Members United Bridge Corporate FCU should take 90 days.

  • When Requesting Vendor Proposals, Do It the Right Way

    Repeated regulatory assessments, increased credit risk, drops in key revenue sources and increasing compliance burdens are all making it harder than ever for credit unions to stay healthy and continue to serve members. To meet these

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