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Top Payments/Credit/Debit Stories

Payment Innovations Seen Coming From Durbin Application

By David Morrison

The Durbin Amendment to the Dodd-Frank financial reform act will likely cut credit union debit card income in the short term but may also spur further innovations in the payments industry.

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Credit Unions That Sold Portfolios Face Day of Reckoning

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Alternative Credit Firm Offers Rewards for Timely Payments

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Payments/Credit/Debit Stories

December 08, 2010

CSCU Picks Up A Big CU

Card Services for Credit Unions, the association of credit unions that process their card transactions with FIS, announced the $5 billion Suncoast Schools Federal Credit has signed on for credit, debit and ATM processing.

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December 07, 2010

Yearend Voting Poll

It has been an eventful year for credit unions. What was the biggest story? Cast your vote in our online poll.

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December 07, 2010

Warren Vows to Fix Credit Market

WASHINGTON -- The new consumer agency will focus on stronger across-the-board, not targeted, regulations that will make the credit market function better and protect

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December 07, 2010

FIA Star CU Moves to Elan

A $600 million credit union that has been with FIA Card Services ended an agent-issuing card relationship with that organization and is launching an agent-issuing program with Elan Financial Services.

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December 07, 2010

TMG to Start Portfolio For Fla. Bank

TMG Financial Services, the card portfolio purchasing and agent issuing subsidiary of The Members Group, will start an agent-issued card portfolio for the Desjardins Bank of Florida.

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December 05, 2010

CO-OP Member Center Marks First Year

CO-OP Member Center is marking its first year as a CO-OP Financial Services subsidiary, a year in which it added credit union clients in 16 states and the District of Columbia, the big CUSO said.

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December 05, 2010

New Report Says Smaller Institutions Face Interchange Cut

Even though last year's financial reform package reduced debit card interchange for big financial institutions, an consultancy that specializes in financial institutions says smaller institutions will also take a hit.

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