News

SYDNEY, Australia -Australian merchants are threatening to reject VISA debit cards if the Reserve Bank of Australia (RBA) eliminates their "honour all cards"(HAC) rule. "This is potentially very bad news for the 1.2 million credit union members who are VISA Debit cardholders," said CUSCAL's Head of Public Affairs, Louise Petschler....

MINNEAPOLIS - In an effort to draw more ATM users and keep up surcharge income, US Bancorp has announced that it has begun upgrading its 4,600 ATMs to allow consumers to recharge their pre-paid cell phone accounts at their machines. More than 4,000 of the machines have already been upgraded...

ONTARIO, Calif. - CO-OP Network, the nation's largest credit union owned, fee-free ATM network has chosen a credit union from the East Coast to try to further broaden its geographic diversity. Douglas Allman, president and CEO of the $700 million NASA Federal Credit Union, is the newest addition to the...

WAKEFIELD, Mass. - Encore Merchant Services, a division of Primax Payment Systems, which is headquartered in Wakefield, Massachusetts, and an affiliate of the Encore Cooperative, headquartered in Falls Church, Virginia, has now entered into its second year helping credit unions offer their members the ability to accept credit cards. "We...

CUPERTINO, Calif. - As though credit union ATM deployers don't already have enough to worry about with steadily more savvy ATM thieves, violent attacks outside ATMs and the cost of upgrading ATMs to match new security and government regulations. Now there is increasing evidence that ATMs may be particularly vulnerable...

CHAMPASAK and VIETIANE, Laos - Even in communist countries, the credit union philosophy is taking hold. In Laos, a fledgling credit union movement is being nurtured by the Association of Asian Confederation of Credit Unions (ACCU) with government approval. However, the living conditions in the country would make any credit...