Payments/Credit/Debit

The credit union movement received better-than-expected news on June 29 when the Federal Reserve Board announced its rules to implement the Durbin Amendment concerning debit card interchange. For credit unions under $10 billion in total assets, interchange rates will show little or no decline in 2011, and this will probably...

Executive director says issues of common concern include regulations, including ADA.

Aite had it partly right. That's one way to interpret clarifications from MasterCard regarding its policies on EMV transactions and ATMs.

Credit unions may face increased ATM competition as a new association rises to serve independent ATM deployers.

Credit unions may face increased ATM competition as a new association rises to serve independent ATM deployers.

Card Services for Credit Unions white paper advises taking a look at reducing costs on debit side, increasing credit revenue.