Payments/Credit/Debit

Three law firms representing credit unions and other card issuers with litigation pending against Heartland Payment Systems are urging card issuers to reconsider signing on to the offer.

Credit union credit card programs stand a very good chance of benefiting under the CARD Act of 2009 if they maintain their traditional consumer focus and conservative underwriting,

An executive with CO-OP Financial Services reported that the ATM, EFT and shared branching CUSO will begin offering credit card processing to its participating credit unions in 2010.

Credit union members whose credit unions participate in the Allpoint surcharge free network may soon enjoy surcharge free ATM access when cruising the high seas.

TMG Financial Services, the credit union credit card portfolio purchasing and investment arm of The Members Group ended 2009 having purchased CU card portfolios worth $116 million in receivables and representing 40,000 accounts.

A couple in Pennsylvania has been charged with stealing and using a credit card from a woman who died on their couch, according to a report in The Philadelphia Inquirer.