Payments/Credit/Debit

NASCUS, state bank supervisors weigh in on interchange delay effort.

The Senate came back last week and didnt take up legislation to delay the delayed implementation of the Fed's rule regulating debit interchange rates. But the NCUA and trade groups weighed in again about the impact on small issuers.

The $5.3 billion American Airlines Credit Union reported that its relatively young credit card program has remained strong during the Great Recession.

Cincinnati-based Fifth Third Bank continues to gain visibility as an alternative to corporate credit unions, but senior bank executives also made plain that their approach to credit unions fundamentally differs from a corporate’s.

Community banks and credit unions have little faith that merchants won’t discriminate against debit cards from small issuers, they said in a letter to lawmakers yesterday.

CO-OP Shared Branching will now serve Hawaiian credit unions through a relationship with a CUSO there.