Payments/Credit/Debit

Alberto Gonzalez, the leader of the hackers responsible for many of the most notable credit and debit card security breaches and frauds of the previous decade, will learn how much prison time he faces at a hearing in March.

Credit unions have long become accustomed to holding the bag after hackers crack a retail payment system, but now some restaurateurs have filed suit against a provider of a payment system they say was not compliant with industry card security standards.

As some credit unions have changed from fixed rate cards to flexible rate cards to protect themselves from possible interest rate risks, they have faced some push back from members unhappy about the change.

A survey commissioned by Visa USA has suggested that consumers lose track of significantly more money when they use cash than when they use debit cards.

The $1 billion Pacific Service Credit Union, headquartered in Walnut Creek, Calif., has announced that a recent redesign of its card program has reduced the card rates for most of its cardholders.

Card Analysis Solutions, a CU card consultancy run by Ondine Irving, has launched a Web site, dubbed Credit Card Connection, designed to help consumers find consumer-friendly credit union credit cards.