Payments/Credit/Debit

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.

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

NAFCU poll finds credit unions spending an average of $165,000 each on card fraud prevention in 2010.

Since the finalization of the Durbin amendment, many credit unions have been considering how they will compensate for lost interchange revenue with other forms of noninterest income.