Payments/Credit/Debit

Federal authorities say they have shut down what they have called a "scam" in the issuing and sale of prepaid cards.

The $38 million American Spirit Federal Credit Union has become the first Delaware CU to sign onto shared branching through a relationship with the Pennsylvania Credit Union Service Centers, PaCUSC has announced.

A CU in Connecticut without an ATM of its own will start offering its members fee-free ATM access through Allpoint.

Three more credit unions have reported selling their credit card portfolios to Elan Financial Services, a subsidiary of US Bank, Elan has said.

SEFCU Executive Vice President John DeCelle testified on credit card practices affecting seniors during an August recess congressional field hearing in New York earlier this month.

Customers who give students prepaid cards to help meet back to school expenses will have a chance at a free gift for doing so, according to the American Express card brand.