Payments/Credit/Debit

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.

BOSTON -- Credit unions whose credit cards already carry rewards programs would better differentiate from their competition by adding additional service to their cards than adding rewards programs, according to recent research from the Aite Group.

WILMINGTON, Del. -- Another survey from a major financial institution appears to suggest that consumers may spend more this holiday season than previous surveys have suggested they will and thus take some pressure off card interchange income.

RIVERWOODS, Ill.-- A recent survey of consumer holiday intentions have given credit union yet one more reason not to really count on their card interchange before it comes in this year.