Credit Union Times | Accurate and Timely CU News

Debit Growth Continuing; Will Flat Portfolio Sales Pick Up?

By Staff Writer

SAN FRANCISCO - Debit cards have continued their steady march into the hearts, wallets and financial lives of America's consumers this year and will likely continue to do so as these graphs show. From 1996 - when debit cards constituted 10% of the payment pie - and electronic payments, pre-paid...

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State Employees Credit Union Tailors ATMs

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November 29, 2005

Cypress Software Introduces AVM Module for Mark IV Consumer Loan App

NORTH RICHLAND HILLS, Texas - Cypress Software Systems has come out with its new Automated Valuation Model (AVM) for its Mark IV consumer loan origination application. The module helps financial institutions instantly retrieve an accurate residential property value, thus reducing the time and effort involved when using traditional property appraisal...

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November 29, 2005

The Golden 1 Hit By Skimmers

SACRAMENTO, Calif. - The $6 billion The Golden 1 Credit Union reported that it had to cancel 1,300 debit card accounts and reissue cards after the cards were compromised in an international skimming ring, according to the Sacramento Bee. Skimming plots are those where thieves either alter an ATM or...

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November 29, 2005

CO-OP Network Heading Into 7-Eleven Stores

ONTARIO, Calif. - Credit unions which are members of CO-OP Network will be able to offer their members surcharge-free ATM access in over 5,300 7-Eleven stores in 30 states, the Network announced on Nov. 17. "Driving new customers to our stores will be one of the primary benefits of this...

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November 29, 2005

Signature Debit Brings More Money But Costs More Too, First Data Says

DENVER - Signature debit transactions bring credit unions more revenue from higher interchange but they cost more too. That is the conclusion of a report from First Data Corporation, a leading card processor and the parent company of the STAR network, a leading ATM and EFT network. While the "POS...

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November 29, 2005

Total Card Spending Anticipated Higher

ARLINGTON, Va. - Carddata.com, a Web that tracks cards trends, reports that Americans are on track to charge nearly $2.7 trillion to their general purpose payment cards this year, about 13% more than last year. The projected figure includes $1.9 trillion in bank credit card charges and approximately $800 billion...

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November 29, 2005

FSCC Roles out Gift Card Benefiting Children's Miracle Network

SAN DIMAS, Calif. - The Children's Miracle Network will get a 50-cent boost every time a credit union member purchases one of the Credit Unions For Kids gift cards, a new product being offered by the Financial Service Centers Cooperative, the national shared branch network headquartered in California. FSCC says...

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November 29, 2005

Card Portfolio Sales Leveling Off

PORTLAND, Ore. - AssetExchange, a leading brokerage for credit union card portfolios, said the market for those portfolios, which looks to come in slower to flat in 2005 after having begun more strongly, said that there are reasons the market may pick up or continue to be flat in 2006....

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Top News Stories

Debit Growth Continuing; Will Flat Portfolio Sales Pick Up?

State Employees Credit Union Tailors ATMs

BANKDetect Expands RiskTracker-AMLT and RiskTracker-A3

Recommended Just For You

News Stories

Cypress Software Introduces AVM Module for Mark IV Consumer Loan App

The Golden 1 Hit By Skimmers

CO-OP Network Heading Into 7-Eleven Stores

Signature Debit Brings More Money But Costs More Too, First Data Says

Total Card Spending Anticipated Higher

FSCC Roles out Gift Card Benefiting Children's Miracle Network

Card Portfolio Sales Leveling Off