Payments/Credit/Debit

Two credit unions have posted messages on their Web sites alerting members to be wary of a mobile banking application distributed on mobile phone platforms.

With all that national attention on card rates and fees, New Jersey's largest credit union, the $1.9 billion Affinity, is finding a variable low rate, 8.6%, and a stepped up promotion the right elixir toward building card volume in the New Year.

Financial institutions in North Carolina, including the $18 billion State Employees' Credit Union have been wrestling since roughly mid-December with a novel approach to card skimming.

PSCU Financial Services reported a strong 2009 despite the year's ongoing economic turmoil.

Perhaps encouraged by public support provided by leading national consumer advocates, more credit unions are stepping out to promote their credit card programs.

Recently, I received a press release for a new Gen Y-targeted product that, to me, really stood out.