Payments/Credit/Debit

SAN FRANCISCO - A recent Visa USA study finds that adding a card-based element to Health Savings Accounts (HSAs) may help boost program interest. In December 2003, Congress created HSAs to allow individuals to pay for current health expenses before federal income taxes and earn federal income tax exempt interest...

BROOKFIELD, Wis. - Significantly more people used their debit cards at ATMs and point of sale terminals driven by Fiserv in 2004 than in the year before, according to the firm which drives Credit Union 24, the Armed Forces Financial Network and the Allpoint network. In terms of debit transactions...

SAN FRANCISCO - Visa USA has announced an advertising program designed to heighten the use of its check card among Hispanic consumers. Visa check card is its debit product with which cardholders use their signatures to validate their transactions. "The Hispanic market represents a $653 billion opportunity for Visa and...

SAN ANTONIO - An executive with MasterCard has predicted that still more changes are afoot in how Americans pay for goods and services, and he urged credit unions to become proactive about facing them. Rick Lyons, a senior vice president with MasterCard, told roughly 90 credit card executives attending TNB...

ST PETERSBURG, Fla. - Three credit unions in California - the $550 million San Mateo Credit Union, headquartered in Redwood City, the $72 million Santa Ana FCU, headquartered in Santa Ana and the $67 million West One FCU, headquartered in Pleasanton - have joined PSCU Financial Services as member owners...

DALLAS - Thirty-four credit unions which process with TNB Card Services, the card processing arm for credit union owned Town North Bank, have seen strong success using a balance transfer program designed by the card processor, TNB announced. The balance transfer promotion ran from September through November 2004. The promotion...

ST. PETERSBURG, Fla. - Card Services for Credit Unions had a strong year in 2003, picking up 235 new member credit unions, according to CSCU president Robert Hackney. Hackney revealed the news at the association's 2004 annual meeting. That lifted CSCU to 2,600 members, or more than half of the...

Like a school boy standing up to a playground bully, CSCU wanted the attendees and the entire credit union industry to understand that credit unions can make money with their credit card portfolios and that these portfolios are and should remain an integral credit union product. That sub-theme bubbled just...