Payments/Credit/Debit

ORLANDO, Fla. - Credit unions should issue cards to help their members, but if they do, it pays to invest in learning how to manage them properly, said card consultants and experts addressing a card management school.

Consumers are being cautious about accumulating more credit card debt, according to an analysis released today by TransUnion.com, one of the largest credit rating agencies.

Gartner research has reported that 7.5% of consumers it surveyed have lost money due to some sort of financial fraud, most of the time breaches of their credit and debit card security.

VISA new ad campaign pushes its debit cards into a more prominent position than its credit cards and focuses more on the lower spending that is popular in the current economy.

The aftermath of the breach of Heartland Payment Systems card data security systems appears to have hit some of its executives in their wallets.

Three credit unions and two banks have joined together to file a class action lawsuit against Heartland Payment Systems to try to recoup some of the card losses they have taken due to Heartland's card security breach.