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High-End Onyx Card Finds a Rich Niche

By David Morrison

Despite the ongoing economic recession, a credit union created card aimed at higher end consumers has found its niche and is making money, according to its CU creator and issuer.

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CARD Act Forces Many Banks to Mimic CU Cards

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Allpoint Announces Deal With Kroger

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Payments/Credit/Debit Stories

August 02, 2010

Lower Income Consumers Use Debit Cards Markedly More, MasterCard Says

More evidence has come to light that suggests credit unions with more lower income members may take a deeper hit from the upcoming cap on debit card interchange than CUs with fewer lower income members.

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August 01, 2010

CO-OP Lands Big CU

CO-OP Financial Services announced it has sealed a deal with the $5.6 billion Security Service Federal Credit Union to join its popular, surcharge free ATM network.

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July 28, 2010

Annual Fees Largely not Returning to Cards, Firm Says

Credit unions which supposed their card programs with no annual fees would necessarily benefit over bank cards that carried annual fees may need to think again.

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July 28, 2010

Senate Panel Kills Interchange Provision in Spending Bill

Credit unions won a victory Thursday night when a Senate committee approved an amendment to remove a provision that would limit credit card interchange rates on government transactions.

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July 27, 2010

Senate Panels Considering Another Interchange Fee Cut

It's back. Credit unions have another interchange battle on their hands as a Senate panel is trying to limit interchange fees that the government can be charged.

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July 27, 2010

Interchange Fees Transfer Money From Poor to Wealthy Households, Study Says

Researchers affiliated with the Federal Reserve Bank of Boston have claimed that the credit card market structure transfers money from lower income households to wealthier ones.

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July 26, 2010

Dynamic Card Solutions Close To Patent For Instant Issuing

Dynamic Card Solutions, the leading provider of systems that allow banks and credit unions to issue credit and debit cards on-site, announced it is close to receiving a patent on its process.

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