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CU Moves Debit Processing to PSCU

By David Morrison

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.

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TNB Offers White Paper on Rewards

Harvard University Employees CU Becomes First To Issue PayPass

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Payments/Credit/Debit Stories

September 25, 2007

FSCC Celebrating as 2,000 More Locations Come Online

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.

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September 21, 2007

CU Issuing Contactless Only Latest in Momentum, MasterCard Says

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.

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September 20, 2007

Discover Signs Deal to Improve Acceptance

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.

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September 18, 2007

Cardtronics Files Files for IPO

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.

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September 18, 2007

Consumer Coalition Attacks Bank of America ATM Fee Increase

A consumer coalition made up of groups like the Americans for Fairness in Lending, California Reinvestment Coalition, Consumer Federation of America, Consumers Union, and the Service Employees International Union decry Bank of America's recent decision to hike its ATM fees.

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September 14, 2007

Mica Takes Shot at BofA $3 ATM Fee

WASHINGTON--CUNA President/CEO Dan Mica jabbed again Friday at Bank of America's $3 foreign ATM charges claiming the public has a new reason to join a credit union "and ditch those rising bank fees."

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September 14, 2007

BofA $3 ATM Fee Comes Under New Attack

WASHINGTON--Bank of America's $3 hike in foreign ATM fees drew new fire Thursday from U.S. PIRG, the consumer advocate organization, who again urged the public start using credit unions to avoid the big bank's "double dipping" practice on surcharges.

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