Credit Union Times | Accurate and Timely CU News

Could Another Card Brand Come on the Scene?

By David Morrison

According to a report in Business Week on March 13 another card brand, one that is aimed at helping subprime consumers and tapping into retailers' anger over interchange, is in the offing.

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Before You Reissue, Find Out What Sort of Fraud You Have

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Enterprise Volunteers Set Record at CMN Radiothon

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March 20, 2007

Fees on Debit Cards Fade Into Past, Survey Finds

A survey from Bankrate.com, an Internet site that tracks card trends and their impacts on consumers, has found almost none of the card issuers surveyed still charge the cardholders a fee for using their debit cards, no matter whether they sign to validate transactions or use a personal identification number.

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March 20, 2007

Edentify CEO Says More Vigorous Vetting Needed to Fight Synthetic ID Fraud

According to Edentify CEO Terrence DeFranco, reports that identity theft is on the decline should be taken with a grain of salt. "Most surveys are only related to one category, that which the victim knows about," said DeFranco. "The reality is usually the victim is the last to find out...

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March 20, 2007

Debit Card Reward Programs More Widespread, but Still Less Robust Than Credit Programs

A survey of debit card issuing and use has found that rewards programs on debit cards, once a rarity, have become more widespread, but that they remain less robust than rewards programs on credit cards.

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March 20, 2007

Louisiana CU Moves Card Processing to TNB

The $85 million LA DOTD Federal Credit Union, headquartered in Baton Rouge, has moved the processing of its 4,000 credit cards and 5,400 debit cards to TNB Card Services, the card processing arm of Town North Bank reported.

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March 20, 2007

Amidst Payday Scrap, South Carolina League Surveys CUs

With South Carolina becoming the new battleground for payday lending, the South Carolina Credit Union League said last week it has conducted an update of its member CUs on alternative products and found a large number already offering them or making plans to do so.

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March 20, 2007