Payments/Credit/Debit

The California Credit Union League expressed disappointment and a degree of shock that Governor Arnold Schwarzenegger vetoed a measure THAT would have moved the card industry's data security standards into state law.

Asset Exchange, the a former leading broker of CU card portfolios will be urging credit unions take a more cautious stance toward the still controversial transactions as part of a web event sponsored by a well known portfolio sale opponent.

Noted credit card issuer Capital One is working on a "decoupled" debit card product which will allow cardholders to withdraw funds from their credit union share draft accounts.

Member Gateways, LLC is piloting the XCalibur card, a new initiative designed for use with existing point of sale devices and debit and ATM card transactions.

CO-OP Shared Branching, the shared branching arm of CO-OP Financial Services, has begun to roll out a self-service kiosk that member credit unions can use in their branches.

Another permutation of gift cards will hit the market this holiday season, one that ties gift giving and charitable giving together. The Giving Tree GiveCard will carry a MasterCard logo and designate 10% of its face value to go to a charity of the recipient's choice. Card recipients choose which...