Payments/Credit/Debit

Blogger reports card processor hit by scam involving Sunrise platform cards.

Blogger reports card processor hit by scam involving Sunrise platform cards.

PSCU Financial Services is joining in the EMV wave, rolling out new credit cards that carry both EMV chip-and-PIN security and traditional magnetic stripes.

A new study conducted by Lake Bluff, Ill.-based economic research firm Moebs Services reveals that since the Federal Reserves August 2010 implementation of Regulation E, which requires financial institutions to receive consumer approval prior to cover debit card and ATM overdrafts, CU overdraft transaction prices have remained flat at $25.

Consultancy says it's advising credit unions to hold off as big banks test the post-Durbin waters.

ACCEL/Exchange business development director says interchange impact goes beyond debit fees.