Payments/Credit/Debit

PSCU Financial Services, the payments processing CUSO with over 500 credit union owners that use the First Data Corp. card platform, has joined the PCI Security Standards Council as a participating organization. As a participating organization, the cooperative will work with the Council to evolve the PCI Data Security Standard...

MasterCard's holiday sweepstakes this year will allow winners to win prizes for themselves and for another person, the nation's number two card brand announced.

Credit unions who are looking to build their debit card programs might need to look first to the share draft procedures, according to Debra Beyer, a strategic account manager for Fidelity National Information Services. Fidelity National processes credit and debit card transactions for over 4,000 CUs nationwide.

BECU, formerly the Boeing Employees Credit Union, has seen a high level of success from its effort to improve its formerly flat credit card portfolio, according to PSCU Financial Services, the payment processing CUSO that helped the CU make the change.

Credit/Debit/ATM News News Briefs 10/31/07 Issue

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.