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Kessler Clarifying Brokerage Role

By Staff Writer

BOSTON - Kessler Financial Services, long considered a brokerage firm with ties to credit card giant MBNA, should more properly be understood as MBNA's business development arm when it is working with credit unions, according to Steven Fuld, Senior Vice President of the Boston-based company. "In the area of affinity...

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January 20, 2004

Upstart Card Brokerage Firm Has A Pretty Good 2003

PETERBOROUGH, N.H. - Brookwood Capital, perhaps the youngest and least recognized of the credit card portfolio brokers, reported having facilitated the sale of between 10 and 12 credit card portfolios in 2003, roughly half of them representing credit union sellers according to Tim Kolk, Brookwood's Managing Partner. The firm's other...

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January 20, 2004

VISA Branded Gift Cards Now Improved

SAN FRANCISCO - VISA USA has announced that merchants participating in a new service with the card association can let consumers know at the point-of-sale how much money remains on their VISA branded gift cards. Consumers shopping at participating retailers, which most recently includes Best Buy, will now see the...

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January 20, 2004

VISA Readying Roll Out of VISA Extras For Small Business

SAN FRANCISCO - VISA USA has begun to roll out its VISA Extras rewards program for small business credit and debit cards. Beginning on January 14, VISA is rolling out a six-month advertising campaign designed to promote the program to small business cardholders. The program is the only part of...

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January 20, 2004

PSCU Makes Good On Insurance Suit Threat Against AIG

ST. PETERSBURG, Fla. - PSCU Financial Services, the card services cooperative for over 500 credit unions that process their transactions with Denver-based First Data Corporation, has followed up on its previous threat to file suit against the insurance firm that had written the cooperative a policy covering losses due to...

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January 20, 2004

Federal Reserve Bank In Atlanta to Host Remittance Conference

WASHINGTON - The White House announced on January 13 that the Federal Reserve bank in Atlanta will sometime "later this year" host a summit dedicated to cutting the cost of sending money to Mexico and other Central and South American countries in half. The conference will specifically focus "on establishing...

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January 20, 2004

VISA, CFA Find Financial Difficulties a Fact of Life in Female-Headed Households

WASHINGTON-The Consumer Federation of America and VISA USA discovered that households headed by women earn about half the salary and hold one-third the net wealth of otherwise headed households, the organizations revealed at a Jan. 12 press conference. A joint study of Federal Reserve Board data collected by its Survey...

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January 20, 2004

More Americans Resolve To Get Out of Debt Than To Lose Weight

ISLANDIA, N.Y. - For the first time ever more Americans resolved to start off the New Year by getting out of debt than by losing weight, according to a consumer survey by Cambridge Consumer Research. "More than one quarter (28%) of all Americans say getting out of debt is their...

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Top News Stories

Kessler Clarifying Brokerage Role

Denver CU Plans Stored Value Card in New Low Income Branch

MasterCard Firing Back At Wal-Mart Over Debit Exclusion

Recommended Just For You

News Stories

Upstart Card Brokerage Firm Has A Pretty Good 2003

VISA Branded Gift Cards Now Improved

VISA Readying Roll Out of VISA Extras For Small Business

PSCU Makes Good On Insurance Suit Threat Against AIG

Federal Reserve Bank In Atlanta to Host Remittance Conference

VISA, CFA Find Financial Difficulties a Fact of Life in Female-Headed Households

More Americans Resolve To Get Out of Debt Than To Lose Weight