News

HOUSTON - The PULSE Debit network, now a subsidiary of Discover, has been attacked by a phishing scam. On March 21, the EFT and ATM network became aware of an e-mail circulating to consumers that told consumers to visit a site that resembled a PULSE site and, once there, to...

WASHINGTON - A report from the American Bankers Association has found that consumers' credit card delinquencies, in terms of percentage of total balances outstanding and the number of accounts more than 30 days delinquent fell to its lowest point in ten years for a fourth quarter. Based on the number...

WASHINGTON-Credit union officials from around the country came to the nation's capital to attend the ceremonial presentation of the giant check from the proceeds of the Credit Union Cherry Blossom 10-Mile Run to the Children's Miracle Network. The $413,000 check presented at Children's National Medical Center March 31 was an...

ST. PETERSBURG, Fla. - William and Sherry Pousson, members of the $75 million LA DOTD Federal Credit Union, headquartered in Baton Rouge, Louisiana, were the two grand prize winners in Certegy Card Services "A Million and More ScorecCard Bonus Point Giveaway," the card processing firm and credit union announced. The...

BOSTON - Despite the axiom that most ATM users only want money from their ATMs, Bank of America is reporting taking phone calls from ATM users in the Boston area who had been used to Fleet bank ATMs which offer stamps. The same machines, now run by Bank of America,...

PURCHASE, N.Y. - In a possibly precedent setting decision, MasterCard International has convinced a Federal Court to dismiss allegations that its policy of assessing additional charges on merchants who have an excessive number of chargebacks on their MasterCard accounts is illegal. MasterCard lawyers say the win may influence two other...