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Cardtronics Buys 7-Eleven ATM Operation

By David Morrison

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

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Elan Picks Up Another Portfolio

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Payments/Credit/Debit Stories

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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June 11, 2007

HarborOne Billing TJX for $590,000 In Costs From Card Breach

BROCKTON, Mass. -- The $1.4 billion HarborOne Credit Union has billed TJX Maxx, the parent company of a number of different retail chains which suffered an extensive card data security breach for $590,000 in costs associated with its losses during that breach.

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June 07, 2007

Data Security Bill Passes California Assembly, Moves On to Senate

SACRAMENTO -- After months of extensive scrutiny, a proposed data security bill sailed through the California Assembly, passing by a margin of 55-2.

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June 06, 2007

FIS Purchase of Asset Exchange Took Place in February

Fidelity National Information Systems' purchase of Asset Exchange was several months old before...

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