Payments/Credit/Debit

In move that surprised many industry analysts, Bank of America has begun raising the fee for non-depositors to use many of its ATMs.

Another credit union based organization had entered the market for credit union credit card portfolios.

DALLAS -- TNB Card Services, the credit card portfolio processing and servicing arm of credit union-owned Town North Bank, continues to expand its CU card portfolio buying effort. The card processor has announced the purchase of a card portfolio worth $12 million from the $220 million AFTRA-SAG Federal Credit Union.

The Federal Trade Commission has petitioned and received from the U.S. District Court for the Central District of California a temporary restraining order and asset freeze against four companies and two individuals in the prepaid card business.

Elan Financial Services, a subsidiary of US Bank, has purchased the credit card portfolios of three more CUs.

Elan Financial Services, a subsidiary of US Bank, has purchased the credit card portfolios of three more CUs.