Payments/Credit/Debit

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.

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.

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

Credit unions and other card issuers might take heart from the news that some of the same people who developed the data encryption standard that currently protects ATM transactions are discussing developing a similar standard for card transactions.

Card issuing credit unions and banks might take a small measure of comfort from the news that Heartland Payment Systems will return to Visa USA's list of firms compliant with the industry's data security standards on May 4.

The House today passed a measure that places greater restrictions on credit unions and other credit card issuers.