Credit/Debit/ATM

August 21, 2008
CU Card Portfolios Growing In Double Digits
By David Morrison
PORTLAND, Ore. — Credit union credit card portfolios worth more than $1 million in assets grew by 14% in the year between June 2007 and June 2008, according to analysis performed by Asset Exchange.
Article found in Credit/Debit/ATM
August 15, 2008
SEC Issues Alert on 401(k) Debit Cards
By Michelle Samaad
WASHINGTON — While a growing number of companies are starting to offer 401(k) debit cards, the Securities and Exchange Commission is warning users about the fees and penalties involved.
Article found in Credit/Debit/ATM
August 13, 2008
Select A Branch Signs On Philadelphia Credit Union
By David Morrison
PHILADELPHIA — The $567 million Philadelphia Federal Credit Union has become the most recent CU in Pennsylvania to have joined the fledgling Select-A-Branch ATM Network.
Article found in Credit/Debit/ATM
August 8, 2008
Card Consultant Program Shows Progress
By David Morrison
CLEARWATER, Fla. — The credit union card association with the largest number of credit unions has reported that CUs using its card performance management system posted much stronger card ...
Article found in Credit/Debit/ATM
August 7, 2008
Merchants Still Beating Gas Price Drum On Interchange
By David Morrison
WASHINGTON — Retailers that support a legislative cap on card interchange are still using high gasoline prices to justify their approach.
Article found in Credit/Debit/ATM
August 6, 2008
CO-OP Formally Signs On to Interchange Fight
By David Morrison
RANCHO CUCAMONGA, Calif. — CO-OP Financial Services has formally joined in the Electronic Payments Coalition in the fight against the legislation which would sharply impact card interchange rates.
Article found in Credit/Debit/ATM, Legislation/Politics, Regulatory/Compliance
August 6, 2008
U.S. Indicts 11 for Card Security Breaches
By David Morrison
BOSTON — Could a conspiracy of only 11 people have committed some of the most serious and sweeping card data thefts that have damaged CUs in the last three years? That is what the U.S. ...
Article found in Credit/Debit/ATM, Technology/Data Processing
August 1, 2008
Irving To Host Card School
By David Morrison
CHICAGO, Ill. — Noted CU card consultant Ondine Irving's Card Analysis Solutions will offer its inaugural School of Credit Card Management in Chicago in December of this year.
Article found in Credit/Debit/ATM
July 30, 2008
Another New Card Issuer Focusing On Smaller, Non-Profit Groups
By David Morrison
NEW YORK — In the latest change to the affinity card market, a credit union could see some of its key SEG's start issuing their own credit cards–if the credit union does not offer them the ...
Article found in Credit/Debit/ATM
July 29, 2008
PSCU Financial Services Picks Up Another Big Debit Client
By David Morrison
ST. PETERSBURG, Fla. — The $1.2 billion Arizona State Credit Union, the largest state chartered credit union in Arizona, has moved 96,000 debit accounts to PSCU Financial Services.
Article found in Credit/Debit/ATM
July 28, 2008
Large Card Issuers Posting Slower Card Growth
By David Morrison
FREDERICK, Md. — The three card issuing banks which collectively control 60% of the US credit card market have only posted slow growth, according to a Web site which tracks card industry data.
Article found in Credit/Debit/ATM
July 28, 2008
Does Falling Travel Threaten Even More Card Interchange Cuts For CUs?
By David Morrison
SAN FRANCISCO — Summer travel among CU members often boosts CU credit card balances, but this year twin specters of rising prices and a slowing economy appear to threaten the seasonal windfall.
Article found in Credit/Debit/ATM
July 25, 2008
Maryland CU Rolls Out Starter Credit Card
By David Morrison
LANHAM, Md. — The $241 million Fedchoice Federal Credit Union has introduced a credit card designed to help members with little or no credit history to build some.
Article found in Credit/Debit/ATM
July 17, 2008
Court Rules in PSECU’s Favor on BJ’s Card Breach Case
By Lindsey Siegriest
PHILADELPHIA — The U.S. Third Circuit Court in Philadelphia ruled in the favor of Pennsylvania State Employees Credit Union yesterday on an appeal the credit union made to a breach of contract ...
Article found in Technology/Data Processing, Regulatory/Compliance, Insurance/Investments, Credit/Debit/ATM
July 14, 2008
Breaking With Trend, TNB Picks Up Larger CU Card Portfolio
By David Morrison
DALLAS — Running against the current trend which has been away from credit unions selling their card portfolios, TNB Card Services announced it has purchased a CU card portfolio worth $10 million.
Article found in Credit/Debit/ATM

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