Payments/Credit/Debit

SAN ANTONIO, Texas - TNB Card Services, the credit card processing and purchasing arm of the credit union-owned Town North Bank has issued a paper which aims to help credit unions make the decision whether or not to sell or hold its credit card portfolio. Previously, TNB Card Services has...

SAN FRANCISCO -Visa USA saw the volume of sales on its cards issued in the U.S. climb by over 19% in 2004, the card brand reported, yielding a total of just over $1 trillion on all Visa branded cards (credit, debit, prepaid and commercial). "By any measure, 2004 was a...

ARLINGTON, Va. - The pace of consolidation in the overall credit card industry continued apace in 2004 as a parade of mergers and acquisitions continued to mark the maturing industry, according to Cardweb.com, a site on the World Wide Web that tracks card trends. According to Cardweb, the top 10...

ST PETERSBURG, Fla. - The $179 million Freedom Federal Credit Union, headquartered in Bel Air, Maryland, has converted its card processing to PSCU Financial Services, the card processing cooperative announced. PSCU processes debit and credit card transactions for over 500 credit unions that use the First Data Corporation platform. "We...

WILMINGTON, Del. - A new player has entered the already crowded market for credit union card portfolios, making it even more likely that credit unions seeking to sell their card assets may command even higher premiums for them. The new player is Juniper Financial, a card issuing bank which has...

SAN FRANCISCO - If current trends continue, Valentines Day may become the busiest shopping season after Christmas, according to Visa USA, and more Americans than ever buy sweets for their sweethearts using their credit and debit cards online the number one card brand said. The nation's leading card brand reported...