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Credit Cards Back on Front Burner

By Claude R. Marx

With a Senate debate and a presidential town hall meeting on the subject, proposed changes to the rules regarding credit cards will receive considerable attention this week.

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CO-OP Rolls Out New Tool for Increasing ATM/Debit Revenue

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Heartland Says Breach Costs It $12.6 Million

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Payments/Credit/Debit Stories

May 07, 2009

Heartland Pursuing Additional Encryption for Market Advantage

In a sign that the overall payments industry attitude toward encryption and card data security might be changing, Heartland executives told analysts and reporters that the company saw a competitive advantage in developing end to end encryption.

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May 06, 2009

PULSE Heading Into Surcharge Free

PULSE, the ATM network owned by Discover Financial Services, has launched a surcharge free ATM network in a deal with the MoneyPass Network.

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May 06, 2009

MoneyPass Already a Familiar Partner to Some Credit Unions

Skeptics evaluating the freshly minted PULSE/MoneyPass surcharge free ATM network openly doubt whether many credit unions will be drawn to a partnership with a subsidiary of US Bank, but MoneyPass has built relationships with CUs for some time.

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May 05, 2009

CU Card Executives Nervous About Senate Bill on Prepaid Cards

Executives with card processors and CUSOs that issue pre-paid gift cards are mustering opposition to a Senate measure which, they say, would close down much of the pre-paid gift card issuing in the U.S.

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May 05, 2009

PSECU Files Suit Against Heartland Payment Systems

One of the latest, if not the latest, lawsuit against Heartland Payment Systems stemming from its 2008 card security breach comes from the $3.2 billion Pennsylvania State Employees Credit Union.

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May 04, 2009

Card Issuers, Including CUs, Plan Interchange Ad Campaign

A coalition of credit unions and other card issuers plan an advertising campaign in advance of a coming legislative fight on card interchange, according to a statement from NAFCU, one of the coalition members.

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May 04, 2009

Visa USA Milestone: Annual Debit Volume Surpasses Credit

Visa USA has reported that for the first time ever Americans spent more using their debit cards than they did using their credit cards.

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