WASHINGTON - Quietly, in the last six months, lawsuits against Visa and MasterCard have been mounting up across the U.S. as primarily retailers take the card brands to court over what they claim are excessive interchange rates and illegal methods of setting them. While none of the cases involve credit...

NEWARK, N.J. - The core of an organized Internet theft and counterfeiting scheme that saw the card information and identities of millions of U.S. consumers compromised and eventually brought about $4 million in losses has pleaded guilty, according to the office of the U.S. Attorney for New Jersey. Six defendants...

ST. PETERSBURG, Fla. - PSCU Financial Services, the card processing cooperative for more than 500 credit unions which use the First Data platform, has completed its conversion of the $5.4 billion BECU's credit card portfolio. BECU announced it had chosen PSCU last year, and it took almost a year to...

LOUISVILLE, Ky. - Most children from the ages of 5-14 have received a gift card in the past, and four out of five parents reported having purchased gift cards for their children, according to the Stored Value Systems company, a leader in the stored value and gift card industries. The...

SAN FRANCISCO - Significant changes to Visa's board, which are designed to help the card brand position itself better in the face of possible future litigation, have been announced. The number one worldwide card brand revealed on Nov. 3 that the board restructuring to which it alluded earlier this year...

EVANSVILLE, Ind. - Credit unions in the Evansville area along with the Indiana Credit Union Foundation and Indiana Credit Union League have geared up to help CU members who lost property and, sometimes, family members and friends to a killer tornado that swept through the area on the morning of...

DOVER, N.H. - RewardsNOW, the marketing and rewards company whose clients include the credit union-owned TNB Card Services as well as processing firm Metavante is rolling out Full Spectrum Rewards, a platform which the firm says will allow credit unions to assign rewards points to any or all of their...

FORT WAYNE, Ind. - The $21 million Pinnacle Credit Union found that even keeping a branch's doors locked and requiring members to be buzzed in has not been enough to deter attempts to rob an oft-robbed branch. The branch is located in a private development north of Fort Wayne that...