Payments/Credit/Debit

On the surface things may appear calm, but underneath, currents are swirling and business fundamentals are being transformed rapidly.

The 220,000-member, $5.4 million San Diego County Credit Union reported that a debit card promotion tied to Bank Transfer Day wound up doubling the number of accounts the CU usually opens.

A federal judge has dismissed most of the complaints financial institutions, including credit unions, brought against Heartland Payment Systems for its January 2009 card data breach.

This year saw a regulation capping the interchange card issuers were able to earn on a debit card transaction come into effect for the first time in history.

Meriwest Credit Union in San Jose, Calif., has replaced an in-house system with Check 21 solutions from VSoft Corp. of Atlanta.

Meriwest Credit Union in San Jose, Calif., has replaced an in-house system with Check 21 solutions from VSoft Corp. of Atlanta.