Payments/Credit/Debit

Credit unions which own the $955 million Town North Bank may face a call for additional capital to support it going forward, according to analysts asked to review the bank's financial reports.

Credit unions that set out to improve their credit card management procedures see significantly improved income and card portfolio growth over those which do not, according to Card Services for Credit Unions.

After almost 35 years processing credit union credit card transactions, Town North Bank has sold off its last stake in card processing.

International card processor First Data Corp announced that its measure of consumer spending on their debit and credit card was soft in June, indicating that consumers are still not returning vigorously to the market.

Ed Mierzwinski, consumer program director at the non-profit, non-partisan U.S. Public Interest Research Group, shares why reg restructuring is good for everyone.

The Fair Isaac Corporation has released a revamped edition of its debt collection software that the data company said will be easier and less expensive to deploy and use.