News

WEST PALM BEACH, Fla. - The beginning of any year provides a good place to look at some of the baselines of the industry. Which credit union members carry the highest card balances, which processors have the most of the CU market and which CUs have the most ATMs? The...

FREDERICK, Md. - In the wake of the merger of Bank of America and MBNA, three issuers, Bank of America, Chase and Citigroup, account for almost 60% of credit cards issued in the U.S., according to Cardweb.com, a site on the World Wide Web that tracks credit and debit card...

LA HABRA, Calif. - American First Credit Union employees organized an Angel Tree gift campaign to collect gifts for the children and teens of the Crittenton Services for Family and Children. The Angel Tree filled with gift tags and wish lists was set up in the credit union's main office...

GHANA - SUSU Collectors work like unofficial credit unions in Ghana. These estimated 4,000 collectors even have an association, The Ghana Cooperative SUSU Collectors Association, which works the Ghana Microfinance Institutions Network (GHAMFIN). They are self-regulating. Collectors, readily identifiable by the many pocketed coats they wear, gather money from small...

SAN DIEGO - A study of major data breaches suggests that financial institutions not view all such breaches as being of the same security risk and that the risk from some of the breaches may be quite small. The study was conducted by ID Analytics, a leading risk management company...

ARLINGTON, Va. - In the wake of the card data breaches of 2005, security, security and more security are the watchwords for 2006, according to different card executives, closely followed by a steady increase in the gift and prepaid card markets and a steady expansion in the rewards arena. "I...