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Report Suggest Consumers Don't Understand Data Breach Notifications

By David Morrison

A new report from Javelin Strategy and Research suggests that many credit and debit card holders fail to understand the importance of a notice saying that a credit card or debit card has been breached and do not protect themselves from fraud.

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Dodd Sponsors Credit Card Interest Rate Freeze Measure

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Annual Fees Starting to Reappear

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Payments/Credit/Debit Stories

October 21, 2009

Most CUs Exempted from Expedited CARD Act Measure

Credit card issuers with fewer than 2 million credit cards in circulation-including most credit unions-won't have to comply with the CARD Act earlier than planned, as a result of an amendment approved by the House Financial Services Committee.

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October 19, 2009

TNB Reports Increase in CU Cardholders

More evidence has appeared showing that credit unions are bucking the national trend of shrinking credit lines and diminishing use of credit cards.

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October 15, 2009

TSYS Promises New Processing Deal for CUs

An executive with TSYS says that credit unions are a prime market for its new Program Solutions effort.

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October 14, 2009

CU First Deployer of New MasterCard Debit Product

The $5.2 billion Security Service Federal Credit Union in San Antonio is the first CU to roll out a MasterCard tool to help MasterCard debit card holders track their debit card spending online.

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October 14, 2009

TSYS Comes to Credit Unions

TSYS, long a credit card processor for only the largest card issuers, has unveiled a program aimed at providing turnkey card processing and portfolio management aimed a credit unions and community banks.

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October 13, 2009

Heartland and TJX Breaches Among Top of the Decade

ABC news has listed the card data security breaches at Heartland Payment Systems and TJX as among the top seven "tech disasters" of the past ten years.

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October 12, 2009

House Passes Legislative Fix to CARD Act

On a voice vote following minimal debate, the House today approved a measure giving credit unions and other financial institutions more flexibility on providing notification to consumers about non-credit card accounts.

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