Payments/Credit/Debit

Riders in New York City taxicabs will now be able to pay for their rides with a wave of their cards over a contactless reader, thanks to a cooperative effort by Visa USA and Creative Mobile Technologies, a firm which specializes in taxicab innovation.

A landmark data breach bill protecting credit and debit card holders from identity theft and creating new requirements on breach notification was progressing through the California legislature last week winning an overwhelming 55-2 bipartisan vote in the state Assembly.

A history of increased efficiency and large transaction volume are two reasons CO-OP Financial Services believes it will succeed in the market for credit union credit card processing.

Breaches may be high profile these days, but credit unions are witnessing an improvement in fraud conditions on plastic cards, according to a CUNA Mutual Group security executive.

CO-OP Financial Services, the parent CUSO for CO-OP Network has announced that its member credit unions will receive a record patronage dividend this year.

Fidelity National Information Services, Inc. announced that Space Coast Credit Union has renewed its existing credit and debit card processing agreement and has expanded its relationship by adding ScoreCard Rewards to signature debit transactions.