News

From card portfolio sales to ATM network maneuvering, there's a lot going on in the EFT world. Read all about it on pages 18-21.

EZ Launch has been aware of the need to protect its credit union investors from the opportunity cost should interest rates on other vehicles rise, and that is why ICULSC has structured the program with some built-in protections. Investors receive their return in two ways. They receive a base rate...

MARIETA, Ga. - Alliance Services, one of the largest regional ATM service companies in the U.S., is eager for the final passage of the Check Truncation Act that will move many of the routine elements of check processing from hard copy to electronic image. "From our perspective, with the technological...

WILMINGTON, Del. - MBNA Corp, one of the leading purchasers of credit unions' card portfolios, hopes its new Web site (www.mbnamembersplus.com) extolling its credit union agent program will reassure credit unions thinking of offering their portfolios for sale. Even though the site has only been active for a couple of...

TALLAHASSEE, Fla. - Credit Union 24, the second largest credit union owned ATM network in the U.S., has announced a patronage dividend for 2002 transactions of $2.3 million. This more than doubles last year's patronage of $1 million, which covered transactions taking place in 2001, and lifts the organization's total...

MINNEAPOLIS, Minn. - The steadily percolating U.S. ATM market has drawn a new player to the table, giving credit unions yet another set of options for how to structure their ATM fleet and usage. Elan Finacial Services, the wholly-owned subsidiary of U.S. Bancorp, has combined its two existing ATM networks...