Payments/Credit/Debit

The Allpoint Network has announced a deal with the $128 million Actors Federal Credit Union that will move the ATM network onto an additional 215 ATMs in New York City.

The move to move more government benefits to cards and away from checks has taken a hit after the Los Angeles Times reported that some beneficiaries are using their cards at casinos and strip clubs.

Card Services for Credit Unions, the association of credit unions that process card transactions on the FIS platform, has added more card consulting staff to help client CUs improve card performance.

Despite intense opposition by credit unions and banks, the House today approved a comprehensive financial overhaul bill by a vote of 237-192.

House and Senate Conferees agreed to a final version of the financial reform legislation that includes controversial language mandating the Federal Reserve to set debit card interchange rates at a "reasonable level."

David Serlo, longtime CEO of PSCU Financial Services and that organization's first employee, has died of cancer, sources close to the CUSO have told Credit Union Times.