WASHINGTON - The Federal Reserve's Consumer Advisory Committee meeting on October 23 discussed two emerging card related issues, the need for greater regulation and disclosures of information on so called "convenience checks" that are often used in card marketing and how regulations should treat the so called "payroll cards." The...

HOUSTON - Over the weekend of October 17, 18 and 19, while very few of their card issuing credit unions or cardholders realized it, the PULSE EFT Association moved its transaction switching in-house, moving it from an outside provider to a new "world class" facility at its new Houston headquarters....

ONTARIO, Calif. - CO-OP Network, the largest credit union owned surcharge-free ATM network in the country, has deployed its first ATM which supports additional services than taking deposits and dispensing cash. Cardholders at the iATMglobal ATM will now have the ability to purchase movie tickets, flowers, pre-paid long distance and...

ARLINGTON - This year is the last one in the foreseeable future in which the National Credit Union Foundation will make grants to individual credit unions, according to a Foundation executive, opting instead to let state leagues and foundations fund more discrete efforts. That change, combined with reductions in federal...

THURSTON COUNTY, Wash. - The Thurston Union of Low Income People Credit Union, a start-up credit union committed to working with low-income county residents, hopes that it has finally overcome its last hurdle to opening its doors. State and federal regulators recently completed the new CU's first audit and now...

ST. PETERSBERG, Fla. - PSCU Financial Services, the firm that services over 500 credit unions that process their Visa and MasterCard transactions with First Data Corporation, has rolled out a debit version of their card rewards program, CURewards, that could be the first step in an overall debit market restructuring....

ARLINGTON, Va. - A case of a North Carolina community bank which has lost $30,000 to a ring of thieves that compromised some of its debit card accounts has thrown more light on the U.S. growth in what has been seen as a primarily European and Asian problem. The problem...

ARLINGTON, Va. - The U.S. Treasury Department's Community Development Financial Institution's Fund has left community development credit unions with empty pockets this year. Since 1995, CDCUs and organizations that work with them, like the National Federation of Community Development Credit Unions, have relied on over $30 million from the CDFI...