News

ST PETERSBURG, Fla. - NCUA Board Chair JoAnn Johnson will keynote the upcoming annual 2005 Member Forum and Annual Meeting of PSCU Financial Services, the card processing cooperative for more than 500 member credit unions. PSCU will hold the meeting at the Gaylord Palms Resort and Convention Center in Kissimmee...

WASHINGTON - The American Banker's Association has reported that credit card delinquencies remained relatively flat in the third quarter of 2004 even as delinquency on other sorts of loans such as autos increased. "The results are mixed," said James Chessen, ABA's chief economist. "The slight improvement in credit card delinquencies...

RIVERWOODS, Illinois and HOUSTON - The 4,100 member financial institutions in the PULSE EFT Association, about 1,000 of whom are credit unions, have approved overwhelmingly the proposition that they will become the first financial institution partners with Discover Financial Services. Cindy Ballard, executive vice president with PULSE could not say...

ST. PAUL, Minn. - About 200 members of the $636 million HiWay FCU had credit and debit cards that were charged twice when a processing error with the Walgreens drug store retailing chain passed though the extra charges. According to a story in the Minneapolis Star Tribune, the credit union...

ST. PETERSBURG, Fla. - Many of the trends which characterized credit unions' card environment in 2004 will continue in 2005, according to card executives, presenting credit unions with many of the same challenges and opportunities. Steve Thompson, director of PSCU Financial Services Advisors Plus Group, expressed a cautious optimism that...

ARLINGTON, Va. - In a move which could help ease the worries of credit unions about card data security, Visa and MasterCard have teamed up to generate one uniform standard for merchants and merchant processors who accept transactions from either one of their card brands. In a rare joint interview,...