Payments/Credit/Debit

DURHAM, N.C. -- The Center For Responsible Lending, an affiliate of the $301 million Self-Help Credit Union, has issued two reports highly critical of mainstream credit card practices which bank card issuers will have to abandon as of July 2010.

HARRISBURG, Pa. -- The Pennsylvania Credit Union Association has released a statement marketing credit union-issued credit cards as beneficial.

RANCHO CUCAMONGA, Calif. -- CO-OP Financial Services, the parent CUSO for the CO-OP Network of surcharge free ATMs, has added the ability for the Falcon fraud prevention system to decide whether or not to approve transactions in real time.

CHICAGO -- Even as consumers began to significantly slow their spending, the amount of money Americans owe on their bankcards continued to rise, according to one of the leading credit bureaus.

WASHINGTON -- Card processor CMC and NAFCU Services Corporation are jointly offering a series of Web events aimed at credit unions that previously sold their credit card portfolios who wish to get back into card issuing.

NEW YORK -- Cowen and Company, an investment banking, brokerage and research firm, has downgraded Visa and MasterCard stocks from out performing other stocks to under performing them.