News

Overdraft protection programs are heavily used by those who can least afford it. Read about a new study's results on page 35.

Do credit union members get a bad deal when a credit union sells its portfolio to a for-profit bank? Read about that and other EFT stories in the special report on pages 22-26.

SAN FRANCISCO - Visa USA took another step toward restructuring itself from being a private association of credit and debit card issuing financial institutions to being a publicly traded company by naming four new independent board members. The four new members named at an April 28 meeting were Philip DeFeo,...

WASHINGTON - When it comes to credit unions and ATMs, statistics show CUs are in the best and worst of times. They are the best of times because credit union-owned ATM networks such as the CO-OP and Credit Union 24 continue robust growth and steady expansion of service.

SAN FRANCISCO - A survey jointly sponsored by Visa USA and Redbook suggested that CUs could provide an additional service to their members and drive card usage if they were to target their card reward programs to expecting parents.

NEW YORK - Benefits cards look to be the next new thing in the card industry as American Express announced it has begun to offer a benefits card which employers can use to help them and their employees manage spending attached to health savings accounts, flexible spending accounts and other...