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Court Rules in PSECU's Favor on BJ's Card Breach Case

By Lindsey Siegriest

PHILADELPHIA -- The U.S. Third Circuit Court in Philadelphia ruled in the favor of Pennsylvania State Employees Credit Union yesterday on an appeal the credit union made to a breach of contract claim against BJ's and Fifth Third Bank.

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Breaking With Trend, TNB Picks Up Larger CU Card Portfolio

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House Panel to Mark Up Interchange Measure

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Payments/Credit/Debit Stories

July 14, 2008

House Panel to Mark Up Interchange Measure

WASHINGTON -- The next round in the dispute between retailers and credit card issuers over interchange fees is scheduled to take place Wednesday, when the House Judiciary Committee marks up a measure that would mandate an interchange settlement between the two groups.

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July 02, 2008

Department of Justice Comes Out Against Interchange Bill

WASHINGTON -- The U.S. Department of Justice has sent a letter to a U.S. Representative signaling its disapproval of a proposal to give the power to set card interchange to a panel of judges.

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July 01, 2008

Allpoint, Credit Union 24 Renew Deal

TALLAHASSEE, Fla. -- Credit Union 24 and Cardtronic's Allpoint Network have decided to renew their agreement that gives CUs access to Allpoint's nearly 50,000 machines through Credit Union 24's CU Here Premium program.

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July 01, 2008

Allpoint, Credit Union 24 Renew Deal

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July 01, 2008

CUSO Rule Needs More Permissible Activities, State Parity, Trades Suggest

ALEXANDRIA, Va. -- NAFCU, CUNA and NASCUS have offered their suggestions and criticisms on a proposed NCUA rule that would include adding credit card loan origination and payroll processing services to the list of permissible CUSO activities.

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June 27, 2008

VISA Offers Relief On Gas Station Interchange

SAN FRANCISCO -- The sharply increasing cost of gasoline has strained the card payment system and Visa USA has taken steps to try to limit its impact.

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June 26, 2008

Small CU's Lead the Way in Card Assets

ALEXANDRIA, Va. -- According to NCUA data, the ten credit unions with the highest percentage of their assets in credit card receivables have overall assets of $37.0 million or less.

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