Payments/Credit/Debit

When it comes to the interchange battle, the national spin may be that banks and credit unions can cooperate to defeat the Durbin amendment, but if Texas is an example, that job may be easier said than done.

Saying he is "not confident we can win this but that doesn't mean we shouldn't do our best," CUNA President/CEO Dan Mica encouraged credit union members to come to Washington to lobby to remove an amendment on interchange fees.

The $3.1 billion United Nations Federal Credit Union has become the first financial institution in the United States to issue chip and PIN credit cards.

John Shepherd-Baron, the Scotsman who has been recognized as the inventor of the Automated Teller Machine has died in Inverness, Scotland. He was 84.

Credit union MasterCard issuers will likely be among the financial institutions that will share in a settlement between Heartland Payment Systems and MasterCard over the firm's 2008 data security breach.

NAFCU has written U.S. Senate Majority Leader Harry Reid (D-Nev.) and Senate Minority Leader Mitch McConnell (R-Ky.) over its concern with an amendment capping ATM fees.