Payments/Credit/Debit

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.

TNB Card Services, the credit card processing arm of credit union owned Town North Bank, has looked to a major bank for its latest executive. The organization, announced it has hired Phil Davis, most recently a senior vice president with Citigroup's Credit Services Division, as senior vice president with TNB.

TNB Card Services, the credit card processing arm of credit union owned Town North Bank, has looked to a major bank for its latest executive. The organization, announced it has hired Phil Davis, most recently a senior vice president with Citigroup's Credit Services Division, as senior vice president with TNB.

The $273 million Air Force Federal Credit Union, headquartered in San Antonio, will convert the processing of its credit and debit card program to PSCU Financial Services, the card processing and servicing CUSO for more than 500 credit unions that use the First Data card platform.