Payments/Credit/Debit

The $1.8 billion CommunityAmerica Credit Union has chosen PSCU Financial Services to process its credit card, signature debit card, PIN debit card and ATM transactions, the payments CUSO has announced.

A small surge in the use of cash and the popularity of ATMs, especially fee-free ATMs, may be among the unintended consequences of the financial reform act that President Obama signed into law earlier this year.

Repeated regulatory assessments, increased credit risk, drops in key revenue sources and increasing compliance burdens are all making it harder than ever for credit unions to stay healthy and continue to serve members. To meet these

CO-OP Financial Services has announced its long awaited entry into the market for credit card processing services.

The $86 million Delta County Credit Union, headquartered in Escanaba, Michigan, recently learned how much rewards can boost a credit card program.

The average outstanding credit card balance was $4,951 during the second quarter, a drop of 13.4%, according to a report issued by the credit reporting company TransUnion.