Payments/Credit/Debit

A credit union executive testifying on behalf of CUNA before the House Financial Services Committee charged that the exemption meant to protect small asset debit card issuers from an interchange cap was essentially "meaningless."

Visa blamed debit interchange as the reason for continuing to delay the adoption of credit cards with embedded chips in the U.S.

Card Services for Credit Unions has unveiled a new Web tool designed to give credit unions better access to some tools to help them better market their credit cards.

With financial institutions scrambling to find new revenue streams, a new Aite report identifies the 10 trends that will help.

NCUA Chairman Debbie Matz today urged Federal Reserve Chairman Ben Bernanke to ensure that the Fed's rule limiting debit interchange fees contains "meaningful exemptions" for card issuers with assets of less than $10 billion.

First Premier Bancard, the sister card-issuing organization to Sioux Falls, S.D.-based First Premier Bank, is charging an annual percentage rate of 59% on cards aimed at consumers with lower credit scores.