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Top Payments/Credit/Debit Stories

Making Headlines, But Making Improvement; Plastic Fraud Losses Show Improvement

By Jim Rubenstein

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.

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CO-OP Financial Services Generates Record Patronage

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FIS Re-Signs Space Coast, Deepens Service

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Payments/Credit/Debit Stories

June 12, 2007

Cardtronics Buys 7-Eleven ATM Operation

Cardtronics Inc, the largest independent service organization ATM deployer in the country and the parent of the Allpoint Network, has announced plans to acquire the U.S. ATM operations of 7-Eleven Inc. The acquisition, tagged for $135 million, would add more than 5,500 ATMs to Cardtronics' portfolio, expanding the independent sales...

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June 12, 2007

Credit Unions Once Again Making a Case For Card Data Security On Capitol Hill

Credit Unions have once again traveled to Capitol Hill in an attempt to build a case for increased federal regulation of card data security, this time at a hearing before the Subcommittee on Finance and Tax of the House Small Business Committee.

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June 12, 2007

Elan Picks Up Another Portfolio

Elan Financial Services, a subsidiary of US Bank, has purchased the credit card portfolio of the $250 million Potlatch No. 1 Federal Credit Union headquartered in Lewiston, Idaho. The purchase brings 5,000 card accounts worth $6.6 million in outstanding balances to Elan, according to the Kessler Group, which brokered the...

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June 12, 2007

CO-OP Financial Services Continues to Support CMN

CO-OP Financial Services CEO Stan Hollen presents a $10,000 check to the Children's Miracle Network. Next to Hollen is Miss America Lauren Nelson and other supporters of CMN.

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June 12, 2007

Lions With Lambs?

In a move which could be seen as a triumph over a long standing nemesis, Fidelity National Information Systems, the leading processor of credit union card transactions, has purchased Asset Exchange, arguably the most well-known broker of credit union credit card portfolios.

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June 12, 2007

Maus Stresses 'CU-Centric' CO-OP Financial

In the face of conversion "rhetoric," CO-OP Financial Services is committed to retaining its strong credit union character as it pursues further signups with ATM/electronic funds processing groups, a number of which are league-sponsored, according to CO-OP Chairman David Maus of Denver.

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June 11, 2007

TNB Continues to Pick Up Portfolios

DALLAS -- TNB Card Services, the card portfolio arm of credit union-owned Town North Bank, has purchased four more credit union credit card portfolios, pushing the total number of CU card portfolios they own and market in relationship with the credit unions to more than 125.

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