News

A survey from Bankrate.com, an Internet site that tracks card trends and their impacts on consumers, has found almost none of the card issuers surveyed still charge the cardholders a fee for using their debit cards, no matter whether they sign to validate transactions or use a personal identification number.

According to Edentify CEO Terrence DeFranco, reports that identity theft is on the decline should be taken with a grain of salt. "Most surveys are only related to one category, that which the victim knows about," said DeFranco. "The reality is usually the victim is the last to find out...

A survey of debit card issuing and use has found that rewards programs on debit cards, once a rarity, have become more widespread, but that they remain less robust than rewards programs on credit cards.

The $85 million LA DOTD Federal Credit Union, headquartered in Baton Rouge, has moved the processing of its 4,000 credit cards and 5,400 debit cards to TNB Card Services, the card processing arm of Town North Bank reported.

With South Carolina becoming the new battleground for payday lending, the South Carolina Credit Union League said last week it has conducted an update of its member CUs on alternative products and found a large number already offering them or making plans to do so.

SELCO Community Credit Union has named Bob Newcomb its new president/CEO effective Feb. 15.