ST. PETERSBURG, Fla. - Card Services For Credit Unions, the association of more than 3,400 credit unions whose members process their card transactions with Fidelity National Information Services (formerly Certegy) is more confident than ever that CUs can provide their members with the credit and debit cards they want and...

DEARBORN, Mich. - In a move which may further anger, but will likely not surprise members of the $1.8 million DFCU Financial, the board of the CU announced on May 10 that it would not hold a special meeting at which they would have faced a possible recall. In a...

ST. PETERSBURG, Fla. - One of the efforts to establish a credit union industry-owned industrial loan corporation which would compete with banks in the market for credit union credit card portfolios is still going forward, but without two of its founding partners.

MADISON, Wis. - Taking a step which many had anticipated for months, CUNA Mutual Group last week began tightening up its underwriting guidelines for plastic card fraud as its CEO stepped up his call for fundamental changes in basic card technology. Some CUs told the insurer the increased security costs...

WASHINGTON - As of press time, the May 11 hearing before the Financial Services Committee's subcommittee on financial institutions and consumer credit to consider H.R. 3206, the Credit Union Charter Choice Act, started out tense and produced little in the way of anything new.

SAN FRANCISCO - Visa USA took another step toward restructuring itself from being a private association of credit and debit card issuing financial institutions to being a publicly traded company by naming four new independent board members. The four new members named at an April 28 meeting were Philip DeFeo,...

DEARBORN, Mich. - Although it has not yet set a date, a spokesman for the $1.8 billion DFCU Financial credit union pledged last week that the CU will hold the special meeting at which members can vote on whether to recall board members-both sides of the board controversy began employing...

LAKE BLUFF, Ill.- Do credit unions that sell their card portfolios to banks do their members a disservice? Ondine Irving, a former card executive and consultant who has branched out to start her own firm suggests that in some cases they have.