News

DENVER - Citing its role to serve the "unbanked and underserved," Denver Community Federal Credit Union has revealed plans to open a low-income branch next fall that will offer check cashing to non-members while also utilizing a stored value card. The new branch, located in a Hispanic area of Denver,...

PURCHASE, N.Y. - With a little more than two weeks remaining before its signature debit cards are banned from Wal-Mart stores, MasterCard has fired back. A survey the card brand commissioned with the Harris opinion research firm found that nearly two-thirds (63%) of respondents say their feelings toward a store...

PETERBOROUGH, N.H. - Brookwood Capital, perhaps the youngest and least recognized of the credit card portfolio brokers, reported having facilitated the sale of between 10 and 12 credit card portfolios in 2003, roughly half of them representing credit union sellers according to Tim Kolk, Brookwood's Managing Partner. The firm's other...

SAN FRANCISCO - VISA USA has announced that merchants participating in a new service with the card association can let consumers know at the point-of-sale how much money remains on their VISA branded gift cards. Consumers shopping at participating retailers, which most recently includes Best Buy, will now see the...

SAN FRANCISCO - VISA USA has begun to roll out its VISA Extras rewards program for small business credit and debit cards. Beginning on January 14, VISA is rolling out a six-month advertising campaign designed to promote the program to small business cardholders. The program is the only part of...

ST. PETERSBURG, Fla. - PSCU Financial Services, the card services cooperative for over 500 credit unions that process their transactions with Denver-based First Data Corporation, has followed up on its previous threat to file suit against the insurance firm that had written the cooperative a policy covering losses due to...