News

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...

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...

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...

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...

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...

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...