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.
Payment CUSO argues CUs should capitalize on competitive opportunity.
Two credit union service organizations and three credit unions were among defendants named on June 23 in a patent lawsuit brought by London-based technology vendor Serverside Group.
Waiting game for credit unions and CUSOs by a patent litigation suit from London payments technology vendor Serverside Group.
A pair of billion-dollar credit unions has signed on with PSCU Financial Services for online banking solutions.
Michael Kelly, the new CEO of PSCU Financial Services, believes credit unions have to significantly improve their payment products and services if they want to remain relevant to their members or even in existence over the long term.
Credit unions in 20 states will want to pay particular attention to their fraud alerts and protections after the Michaels retail chain announced they had experienced an ongoing card data breach.
Former Fiserv executive says the changing payments landscape facing credit unions is almost an obsession for him, in addition to a business challenge.
Craig Esrael, chairman of the board of PSCU Financial Services, said a succession plan made years before had helped lead the giant payments CUSO to choose a relatively little known payment executive as its next CEO.
PSCU Financial Services will send over $21 million back to participating credit unions this year on transactions the credit unions conducted in 2010, the giant payments CUSO announced.