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CUs Evaluating Fixed Rate vs. Variable Cards

By David Morrison

Credit unions are evaluating whether to switch their fixed rate interest rate credit cards to variable rate cards in advance to the change in federal laws governing credit card issuance.

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Still a Bit More Tunnel Left, Discover Survey Suggests

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7-Eleven Launching Signature Drive

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Payments/Credit/Debit Stories

July 06, 2009

Canadian Firm Offering Prepaid Card Aimed at Muslims

A Canadian firm, UM Financial Inc., has begun offering a prepaid card aimed at Muslims who wish to have the convenience of a credit card but refrain from paying any interest. Islamic religious law forbids the paying or earning of interest.

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July 05, 2009

CU Rolls Out Card Aimed at High-End Borrowers

Members of Texas Dow Employees Credit Union who have credit scores of more than 720 are now eligible to carry the credit union's Onyx Card, a unique card product the credit union developed to compete with so-called "elite cards."

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July 01, 2009

NAFCU Offering Webcast on Credit Card Legislation

Credit union employees interested in learning about how to comply with the recently enacted measure revamping credit card rules can register for NAFCU's July 15 webcast on the subject.

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June 30, 2009

NCUA Issues Regulations on Consumer Reporting

Organizations that provide information about consumers to credit reporting agencies must include information about the individual's credit limit, under regulations released today by the NCUA and four other regulators.

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June 30, 2009

Beehive Sells Card Portfolio

The $184 million Beehive Credit Union has sold its $9 million credit card portfolio to TMG Financial Services.

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June 29, 2009

Heartland Completes First Step in End-to-End Encryption

Heartland Payment Systems, the card processor whose 2008 security breach may have compromised the most card data ever, announced it has completed the first step in developing end-to-end encryption.

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June 23, 2009

Too Many Debit/EFT Networks Can Leave Credit Unions All Wet

Does your credit union really need all the debit and EFT networks that it currently has?

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