Payments/Credit/Debit

The $180 million Continental Federal Credit Union, headquartered in El Segundo, Calif., has moved its 15,000-card debit portfolio to PSCU Financial Services. PSCU Financial Services is the payment processing CUSO that serves over 500 credit unions who use the First Data Corp. card platform.

The $180 million Continental Federal Credit Union, headquartered in El Segundo, Calif., has moved its 15,000-card debit portfolio to PSCU Financial Services. PSCU Financial Services is the payment processing CUSO that serves over 500 credit unions who use the First Data Corp. card platform.

Rewards programs have become such a key element of credit union card programs that TNB Card Services, the card processing and portfolio purchasing arm of credit union-owned Town North Bank, has produced a white paper detailing the their benefits and potential pitfalls.

The $219 million Harvard University Employees Credit Union has become the first CU in the country to issue debit cards with PayPass, MasterCard's contactless card technology.

Financial Service Centers Corporation, the national shared branching network which is headquartered on the West Coast, is celebrating today as the full compliment of 2,000 shared branching locations comes on line.

The decision of the $220 million Harvard University Employees Credit Union to begin issuing credit cards enabled with MasterCard's contactless technology is only the latest in what the card brand says is building momentum for the innovation.

Discover Financial Services, the parent of the Discover card brand and owner of the PULSE EFT Association, has inked a deal that promises to expand the number of locations that accept Discover Card.

Cardtronics, the largest independent deployer of ATMs in the country and the parent firm of the Allpoint ATM network, has filed paper with the Securities and Exchange Commission indicating that it will make an initial public offering of stock.