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ATLANTA - CheckFree Corporation has closed on its acquisition of American Payment Systems, Inc., representing a major new bill pay channel for the company. APS enables seven million households to pay for services in-person through a national network of about 10,000 retail and agent locations. The new bill payment channel...

WASHINGTON - Consumer groups don't like it, but for now at least the Fed isn't going to regulate overdraft protection as a lending product and vendors that sell the service say that's good not only for their business and consumers, but credit unions too. If the Fed had moved to...

El Paso Employees Federal Credit Union, Texas, has awarded some $20,000 in scholarships to 10 graduating high school seniors and eight undergraduate students. Receiving $4,000 four-year scholarships each are: Laura Ashley Miller and Anthony Torres. Receiving $1,000 scholarships are: Johnna R. Crow, Vincent Castillo, Martha Ortega, America Aguilera, Reyes Mauricio,...

RANCHO CUCAMONGA, Calif. - Credit unions participating in the Credit Union Direct Lending program will see a reduction in transaction fees starting July 1, 2004. CUDL President/CEO Tony Boutelle said the expansion of the CUDL program into additional markets, the growing number of CUs aggregating on the auto lending platform,...

WASHINGTON - A coalition of government agencies, consumer groups and VISA USA has launched a campaign to educate Americans on how to guard against phishing scams. Incidents of phishing - e-mail attempts to convince customers to reveal personal account information through e-mail replies or real-looking Web sites - have been...

According to Asset Exchange, a good credit card portfolio broker will first help analyze credit card portfolio data to present as full a view as possible of the card portfolio's historical performance, where it is headed and recommend actions to improve the program. Then, if the credit union wants to...

"The trust agreement starts from the moment the customer comes into the dealership. We need to trust each other. We've made our customers credit unions' members. We're sending you our customers. The trust needs to be reciprocal, it goes both ways." - Chris Duggan, general manager of Merchants Auto, N.H....

WASHINGTON - Association of Corporate Credit Unions Executive Director Mike Canning has earned the American Society of Association Executives' Certified Association Executive designation. Canning was given hours of association training and had to pass a final exam to earn the designation. According to ASAE, 21.5% of all eligible ASAE members...