ARLINGTON, Va. - Since roughly 1996, surcharging cardholders has helped provide the income ATMs generate. But the advent of more surcharge-free networks and other factors have many believing the era of milking the cardholder may be coming to an end. "I think we have passed the point of consumer patience...

ARLINGTON, Va. - CO-OP Network member credit unions will not be able to belong to any other surcharge-free ATM networks past December 31, 2003. Members may also be asked to resign from so called selective surcharge groups, according to the CO-OP Network. The CO-OP Network is however making a distinction...

ARLINGTON, Va. - The merger agreement between EFT giants Concord EFS and First Data could dramatically alter the overall ATM and EFT market, but industry analysts caution that a lot more has to happen before the deal is finalized. First Data, based in Denver, announced on April 2 that it...

ARLINGTON, Va. - A new ATM partnership that aims to sharply broaden the public's access to surcharge free ATMs could significantly change the already rapidly shifting ATM and EFT industries, and is already having effects on credit unions. ATM National, based in Rockville, Maryland has launched its much anticipated Allpoint...

WASHINGTON - Supporters of the Treasury Department's embattled Community Development Financial Institutions Fund have begun lobbying to restore some of the program's slashed funding. The fund has been among the largest supporters of community development credit unions in previous years. "What we are really aiming to do is to restore...

PORTLAND, Ore. - Although 20% of credit unions managed to grow their card portfolios at a rate greater than the national average in 2002, the majority were unable to do so, according to a leading broker of credit union portfolios. The organization placed the national average for credit card portfolio...

THOUSAND OAKS, Calif. - There were approximately 40 credit union card portfolio sales last year, and the good news for credit unions looking to sell is CU portfolios may be fetching higher price tags these days due to market conditions and credit quality. The high quality of credit union card...

ARLINGTON, Va. - As a key deadline passes for having a new security technology up and running in their ATMs and EFT switches, a significant number of credit unions and EFT networks have found it difficult to meet the new standards on time. Instead they have had to ask MasterCard,...