Payments/Credit/Debit

SAN ANTONIO - MasterCard Worldwide is still studying whether and how to put into place a two-tier interchange schedule to accord with coming debit cap regulations, according to an executive with the card brand.

Minnesota credit unions and banks were joining forces this week to oppose a retailer-backed interchange bill they described as “very bad legislation.”

Backers of congressional efforts to delay implementation of the Federal Reserves rule regulating interchange were buoyed when Federal Reserve Chairman Ben Bernanke said the agency wouldnt be able to release the rule by the April 21 deadline.

The 3,000 credit unions and banks on the Fiserv bill pay network can now offer a link for Discover cardholders to pay that bill through their financial institution’s online banking site.

The new personal teller machines at the $1.9 billion Coastal Federal Credit Union have now transacted more than a million sessions, the Raleigh, N.C., credit union said.

The interchange fallout and the prospect of Connecticut credit unions cutting back staff if the Dodd-Frank delay bill fails to pass turned out to be topic No. 1 at the newly streamlined annual convention of the Credit Union League of Connecticut on Tuesday.