Payments/Credit/Debit

Although I retired as president and CEO of Suncoast Schools Federal Credit Union nearly eight years ago, I continue to follow developments in the credit union movement with interest and pride, but also on occasion, a sense of disappointment. As I continue to read stories reporting the sale of credit...

EFT Network: An electronic financial services system which links financial institutions and their customers with automated teller machines (ATMs) and merchant point-of-sale (POS) terminals to make possible a consumer electronic financial transaction. Card or Access Card: A plastic card issued on behalf of a financial institution which permits electronic access...

WEST PALM BEACH, Fla. - Whether supporters or opponents, both sides of the controversy over Concord EFS' offer to purchase the Credit Union 24 Network have had to admit one thing: the recent cash offers of tens of millions of dollars, both from Concord and other companies, for the CU24...

ARLINGTON, Va. - As credit unions have added increasing numbers of ATMs, and as point of sale transactions have become steadily more popular with cardholders, credit unions have found keeping up with their ATM processes steadily more complicated and expensive. Now three very different types of organizations have announced the...

WASHINGTON - While the recent fraud stemming from withdrawals from Municipal CU's ATMs attracted national headlines, the ATM sector itself may be ripe for major liability lawsuits and could face one sooner rather than later. That's the view of an attorney with years of experience working with ATM providers and...

OMAHA, Neb. - In a pitch for new members and checking business, Metro Health Services Federal Credit Union has joined two of its major health SEGS in introducing encoded smart cards acceptable at ATMs which double as a debit and ID/security vehicle in a University of Nebraska hospital complex here....