News

SAN FRANCISCO - A survey jointly sponsored by Visa USA and Redbook suggested that CUs could provide an additional service to their members and drive card usage if they were to target their card reward programs to expecting parents.

NEW YORK - Benefits cards look to be the next new thing in the card industry as American Express announced it has begun to offer a benefits card which employers can use to help them and their employees manage spending attached to health savings accounts, flexible spending accounts and other...

NEW YORK - MasterCard Inc., formerly MasterCard International, will probably make roughly $2.8 billion from an initial public offering of stock that is planned for later this year, analysts said on May 3 when the card brand filed details of its offering with the Securities and Exchange Commission.

TALLAHASSEE, Fla. - Credit Union 24, the credit union-owned ATM and EFT network headquartered in Tallahassee, has eliminated membership fee minimums for its member-shareholders. The decision by the EFT network's board is one of the immediate benefits of a new switch-processing agreement with Fifth Third Processing Solutions, the CU said.

EAST LANSING, Mich. - At least 11 students at the University of Michigan who are also members of the $1.2 billion MSU Federal Credit Union face money laundering and other charges resulting from a scheme to defraud the CU through the CU's ATMs.

CHICAGO - Banks sent a record number of credit card solicitations last year even as the percentage of recipients who responded to those offers dropped to a new low, according to Synovate Research, a market research firm whose Mail Monitor program tracks the industry.