Payments/Credit/Debit

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.

PSCU Financial Services is crediting bad weather, convenience and ease of budgeting as reasons its gift and reloadable cards had a much stronger year in 2000 than they had in 2009.

TMG, a financial services CUSO owned by the Iowa Credit Union League, gave its prepaid cards packaging for the holidays that included disclosures about the card's fee structure and schedule.

Three Houston law firms representing credit unions and other card issuers in litigation against Heartland Payment Systems over the firm's 2008 card data security breach have criticized a proposed settlement of those cases.