News

PORTLAND, Ore. - AssetExchange has brokered the sale of yet another credit union credit card portfolio. This time it's a $2 million portfolio from the $52 million Horizons North CU based in Northglenn, Colorado. AssetExchange said it was able to get the CU multiple offers on its portfolio, indicating that...

ALEXANDRIA, Va. - In response to a request from an Omaha, Neb. law firm, NCUA stated in a legal opinion letter (04-0325) that federal credit unions may use a risk-based structure for their credit card programs and are not currently required to make any disclosures about pricing. "A risk-based pricing...

WEST PALM BEACH, Fla. -From making a great first impression with the branch to estimates of the costs involved with various retail delivery systems the key branching issue boils down to how well credit union branches are positioned for growth. Here is a glimpse at what is going on in...

MARYVILLE, Tenn. - Alert cardholders who observed that a notice on their ATM contained a misspelling helped stop a skimming scam at the ATM. According to a story in the Maryville Daily Times, the cardholders grew suspicious about a notice which read "due to recent fraud attempts at this ATM...

DAYTON, Ohio -Metavante, which manages 9,000 ATMs across the country, has certified NCR's "No-envelope" deposit technology. Metavante of course is becoming a bigger player in the EFT market with its plans to acquire NYCE for $610 million. Metavante has certified NCR's bunch-note acceptor component and iTRAN 1000 check-processing module, which...

ALEXANDRIA, Va.-The Federal Deposit Insurance Corporation has asked the public for their opinion on whether stored value card funds should qualify as deposits under the Federal Deposit Insurance Act. Financial Institution Letter FIL-44-2004 states that the FDIC has proposed that funds placed in a bank or thrift by a sponsoring...