News

FREMONT, Calif. - Tranax Technologies, Inc. announced a number of high profile ATM network processor certifications for the MBS5000 Series of ATMs. Certifications include Fifth Third Processing Solutions, Metavante, Jack Henry & Associates, Fiserv Bowling Green, Genpass, Intrieve, Shazam ITS, and Core Data. Tranax markets the MBS5000 as a solid...

PURCHASE, N.Y. - MasterCard has added two rewards programs and employee incentives to help it continue to build its business debit card product. The two new rewards programs will let small business debit card users earn points toward rewards with their card use and offer a cash incentive for activating...

ONTARIO, Calif. - CO-OP Network member credit unions will be able to offer their members access to 1,000 more ATMs from Maine to Florida based on a new deal signed last week. CO-OP Network formed a branding deal with TRM Corporation, which has ATMs located in The Pantry and Cumberland...

PHILADELPHIA - A gang of thieves in Philadelphia has hit 30 stores across the city for their ATMs in the last six months, walking out with the entire machine according to WPVI, a local news affiliate. In the latest case the thieves used a grinder to cut through the door...

PORTLAND, Ore. - AssetExchange has brokered the sale of yet another credit union credit card portfolio. This time it's a $2 million portfolio from the $52 million Horizons North CU based in Northglenn, Colorado. AssetExchange said it was able to get the CU multiple offers on its portfolio, indicating that...

ALEXANDRIA, Va. - In response to a request from an Omaha, Neb. law firm, NCUA stated in a legal opinion letter (04-0325) that federal credit unions may use a risk-based structure for their credit card programs and are not currently required to make any disclosures about pricing. "A risk-based pricing...