Payments/Credit/Debit

Discover Financial Services, the fourth largest card brand in the U.S. after Visa, MasterCard and American Express, has announced a deal with a part of the Experian credit reporting firm to offer its cardholders resources to monitor and understand their credit scores.

First Data Corp., a major card processor, has reported a study that indicates that cards have become more popular as a means for giving out employee bonuses than checks or cash.

PSCU Financial Services, the payments processing CUSO for more than 500 credit unions, most of which process card transactions with First Data Corporation, is rolling out free prepaid card readers to its member owner credit unions who are selling gift cards issued through PSCU.

Allpoint Network, the ATM network that charges financial institutions a fee to offer their cardholders surcharge free access to 32,000 ATMs nationwide has picked up the participation of the $825 million Sanford Federal Credit Union, headquartered in Palo Alto, California.

TNB Card Services, the card processing and card portfolio management arm for credit union owned Town North Bank has picked up the processing business of two more credit unions, one in Washington state and the other in Texas.

When they first began to be sold, gift cards carried a particular stigma, especially during the holidays. Consumers often considered them the "heartless" or "lazy" approach to gift giving, the gift that someone gave if they couldn't or didn't want to spend the time and thought on purchasing or even...