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Elan Picks Up Two More Credit Union Card Portfolios

By Staff Writer

MILWAUKEE - Elan, the card processing firm which is a subsidiary of U.S. Bancorp, has purchased two more credit union portfolios. The $600 million Harborstone Credit Union, headquartered in Lakewood, Washington, sent 17,200 accounts worth $24 million in outstanding balances to Elan when it sold the portfolio, according to Elan....

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Discover Rolls Out Signature Debit Cards; Third Debit Brand Will Offer More Choices, But Will it Have Many Takers?

Card Over Limit Fees Slow Upward Growth

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Payments/Credit/Debit Stories

February 14, 2006

Credit Union 24 Hits Transaction Milestone

TALLAHASSEE, Fla. - Credit Union 24, the credit union-owned ATM network headquartered in Florida, processed almost 18 million ATM and EFT transactions in December 2005, a record for a single month and 23% over the number of transactions the network processed in December 2004. "Credit Union 24's consistent transaction growth...

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February 14, 2006

Sheetz to Roll Out Surcharge-Free ATMs

ALTOONA, Penn. - Sheetz, a network of 310 convenience stores spread across Pennsylvania, West Virginia, Maryland, Virginia, Ohio and North Carolina will stop surcharging for ATM transactions at its stores this year, a company spokesman confirmed. The company is negotiating the details of the move with its ATM deployer now,...

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February 14, 2006

FSCC Announces Record Patronage Dividend

SAN DIMAS, Calif. - Credit unions which are members of the Financial Service Centers Cooperative shared branching network will share in a record $1.8 million patronage dividend later this year, the network has announced. The West Coast network said it would distribute the funds in the wake of the patronage...

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December 13, 2005

Chinese Debit Card First Used in U.S. at a PULSE Terminal

HOUSTON - Executives from two Chinese banks, as well as Discover and PULSE took part in the first swipe of a debit card issued by a Chinese bank at a point of sale terminal in the U.S. On Dec. 5, Liu Tinghuan, Chairman of China UnionPay (CUP), and Su Ning,...

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December 13, 2005

Desert Schools Members Love The Gift Card

PHOENIX -- Members of the $2.4 billion Desert Schools FCU can choose the credit union's Visa gift card again this year after the CU sold 13,000 of the cards between October and December of 2004. The cards will be available from the CU's branches as well as online and will...

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December 13, 2005

TNB Upgrades Card Management Access For Clients

DALLAS - TNB Card Services, the card services company which is a subsidiary of credit union owned Town North Bank has announced an upgrade to the system through which its processing credit unions can access and manage their card information. Dubbed the VIP CardStation, the new system offers a more...

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December 13, 2005

PSCU Makes Dividend Payment Early

ST. PETERSBURG, Fla. - PSCU Financial Services, the card services CUSO for over 500 credit unions which process their card transactions with First Data Inc., has announced that it will pay the balance of the patronage funds it owed its credit unions from 1998 three months early. The money is...

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