News

NEW YORK - Consumers need to read the fine print on their credit card agreements more carefully, urged Newsweek Magazine's Wall Street Editor, Allen Sloan. Writing in the June 26 issue of the magazine, Sloan related the little reported story of Citigroup discontinuing its AT&T Universal Cash Rewards card and...

LONG BEACH, Miss. - Triton, the ATM manufacturer which started out producing primarily retail machines and which has begun offering relatively inexpensive ATMs for the small financial institution market, has rolled out a software package which, it says, will allow institutions to more easily add machines to their ATM fleets....

St. PETERSBURG, Fla. - PSCU Financial Services, the card services firm for more than 500 CUs which process their card transactions on the First Data platform and which calls itself the nation's largest CUSO, announced that it has begun processing for 10 million credit and debit accounts. As part of...

CAMBODIA - A 103-page working paper by the Canadian Credit Co-operative Association (CCOA) and the Canadian International Development Agency (CIDA) studied the prospects of developing a credit union movement to stabilize the financial lives of rural people in that country. Eighty percent of the population lives in the countryside.

ALEXANDRIA, Va. - In a move which will run counter to some of the existing procedures under which some credit unions have changed their charters to those of mutual banks, the NCUA has proposed rules which promise to significantly open the process to more input from members.

SCRANTON, Pa. - A U.S. District Court has thrown out the case brought by the $2.3 billion Pennsylvania State Employees Credit Union trying to recoup damages from a card data breach. In early 2004, a card data breach at B.J.'s Wholesale Club came to light that was made worse by...