Tim Kolk

• CARD Act Has Kept Card Interest Rates High, Analyst Claims

  By David Morrison  |  January 3, 2013

  Analysis suggests Act hikes card issuing risks and keeps rates high.

• Credit Card Programs Need Manager, Champion: Onsite Coverage

  By David Morrison  |  April 30, 2012

  BOCA RATON, Fla. — Too many credit union credit card programs suffer from having no dedicated manager or champion, THINK attendees told.

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  All Eyes On Card Security

  By David Morrison  |  April 22, 2012

  Industry observers and executives with other processing companies predict that the recent supervisory letter on FIS security problems may have a limited impact on FIS’ sales but will likely heighten the importance of security for all payments processors.

• Impact on FIS Uncertain, Observers Say

  By David Morrison  |  April 16, 2012

  Long, complicate processor switch process should impede exodus from FIS after regulatory letter, card consultant says.

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  Economy Suggests It’s Time to Issue Credit Cards

  By David Morrison  |  April 9, 2012

  Somewhat counterintuitively, CU card industry experts say that two conflicting trends in the economy make 2012 a good year for a credit union that had foregone credit card issuing in the past to get back into the business.

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  CU Cards: BofA Makes a Hasty Exit

  By David Morrison  |  December 11, 2011

  Bank of America made official last week what many anticipated when a spokesperson acknowledged that it will no longer issue credit cards in agent relationships with credit unions and smaller banks.

• Card Portfolio Market Remains Weak, Analysis Shows

  By David Morrison  |  December 5, 2011

  An analysis of call report data indicates that only two more credit unions recently sold their credit card portfolios and entered into an agent issuing program with the purchasing banks, a brokerage says.

• Credit Unions That Sold Portfolios Face Day of Reckoning

  By David Morrison  |  December 15, 2010

  The market for credit union credit card portfolios has slowed down.

• CUs Need To Be Aware of Agent Issuing Deadlines, Consultants Say

  By David Morrison  |  December 2, 2010

  Many credit unions that sold their credit card portfolios in 2006 and 2007 and entered into agent issuing agreements should start actively considering those agreements in 2011 and 12, according to CU card consultants.

• CU Card Portfolio Sales Slow Due to Lack of Sellers or Lack of Buyers

  By David Morrison  |  March 17, 2010

  Credit union card portfolios continued the improved performance they have demonstrated in the last several years in 2009, and the card portfolio sales continued their slow pace as the volumes of card assets that changed hands rose a bit.