Payments/Credit/Debit

While the deadline for comments on the Federal Reserve's proposed cap on debit interchange remains more than a month away, credit unions have not flooded the regulator with their opinions about the proposal.

Visa has announced it will support a dual debit interchange schedule for those financial institutions not subject to the proposed debit interchange cap, but it is unclear whether MasterCard will do so.

Visa will offer a dual debit interchange schedule that network sources say should substantially shield their debit interchange income from drastic decreases, at least temporarily.

Card Analysis Solutions, an independent credit card consultancy dedicated to helping CUs get the most out of their card programs, has announced another school for CU credit card executives.

Citing what it calls the explosive growth of prepaid debit cards, the Illinois Credit Union League announced Thursday it is rolling out for client CUs a new "family card" designed for teens as a money management tool.

Expect a lively debate to open up the New Year on CU Times ON AIR with the Interchange Exchange.