Payments/Credit/Debit

In a move which some credit union supporters expected but hoped would not happen, California Governor Arnold Schwarzenegger has vetoed a landmark piece of legislation that would have given credit unions recourse in the courts when damaged by a merchant's card security breach.

Stepping up an attack on high bank fees, Bellco Credit Union announced last week it has halted all noncustomer ATM charges.

While National Payment Card is capable of using an issued card platform for its decoupled cards, the company so far has seen a lot of its growth in getting consumers in the 21 states that put magnetic stripes on their drivers' licenses to turn those licenses into debit cards.

Noted credit card issuer Capital One is working on a new debit card product that will allow cardholders to withdraw funds from their credit union share draft accounts and heralds the beginning of what may be another revolution in the retail card market.

With the aim of literally stopping fraud in its tracks, XCard Holdings, LLC is prepping to pilot its new XCalibur card with a handful of credit unions.

The $193 million Altier Credit Union has issued a press release to promote the Financial Service Center Cooperative's shared branching through Vcom kiosks located in 7-11 convenience stores.

The $193 million Altier Credit Union has issued a press release to promote the Financial Service Center Cooperative's shared branching through Vcom kiosks located in 7-11 convenience stores.

Credit unions eager to give their members gift card opportunities as the 2007 December holidays draw closer have signed up with the The Members Group for its ATIRAgift card, the CUSO has announced.