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CSCU Advises Member CUs to Keep Lending

By David Morrison

St. PETERSBURG, Fla. -- Card Services For Credit Unions reiterated its advice to member credit unions to prudently continue their credit card lending.

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FDIC Report on Overdrafts Blames Debit Cards

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ATM Thief Finds First Step is Pretty Steep

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Payments/Credit/Debit Stories

December 02, 2008

Card Spending Forecast to Rise 3% During Holidays

NAPLES, Fla. -- Cardtrak.com, an Internet site that tracks card trends, expects credit card spending to rise 3% between Thanksgiving and Christmas this year, less than half the 10% increase card spending saw during the same period last year.

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November 25, 2008

Bank Card Issuers Snub Direct Mail, Report Says

BOSTON -- A new report from the Aite Group forecasts that card issuing banks will turn away from the direct mail advertising that has characterized their card marketing efforts for the last three to five years.

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November 24, 2008

Credit Union 24 Announces Cash for Certificate Swap

TALLAHASEE, Fla. -- Credit Union 24 has announced that it would pay cash for patronage certificates issued to participating credit unions for transactions in 1998 and 1999.

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November 18, 2008

Explosives Provide New Method of ATM Attack

SYDNEY, AUSTRALIA -- Criminals in Australia have struck upon a novel method of robbing ATMs: blow them up, according to news accounts.

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November 18, 2008

Moebs Sees a 'Golden Opportunity' To Beat Banks on Overdraft Fees

CHICAGO -- In the struggle to increase membership, credit unions may have a lot to gain by lowering overdraft fees.

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November 13, 2008

San Francisco FHLB Confirms Credit Line Reductions

SAN FRANCISCO - The Federal Home Loan Bank here confirmed it has reduced some member credit lines.

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November 13, 2008

New Filene Study Provides Insight To Classic Card Question: Debit or Credit?

MADISON, Wis.-- The Filene Institute has released a report which examines how cardholders make the decision to use their credit or debit card at point of sale.

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