Payments/Credit/Debit

A letter from NAFCU to the chairman and ranking member of the Senate Judiciary Committee has argued that credit unions would be particularly hurt by a proposed cap on card interchange.

A key federal judicial panel has ruled that the lawsuits against Heartland Payment Systems stemming from the processor's record-breaking card data breach will be heard in the Southern District of Texas.

PSCU Financial Services has announced a deal with Corporate One to offer its more than 800 member credit unions access to PSCU's credit and debit processing platforms.

Credit unions that have sold their card portfolios and entered into agent issuer agreements with their purchasers remain by and large unhappy with their card issuing partners, according to a survey of CUs which have sold conducted by Asset Exchange.

A new white paper from the CUNA Operations, Sales and Service Council suggests that credit unions should begin educating their members now about the benefits of using their credit union debit card over other decoupled debit cards.

Some card processors say a few of their credit unions may have to slightly shorten July's credit card billing cycle to comply with the new credit card law.