Payments/Credit/Debit

Five more credit unions have sold their credit card portfolios to TNB Card Services, the card processing and portfolio management arm of credit union owned Town North Bank. The recent purchase brings the total number of card portfolios that TNB has purchased to 140, the bank CUSO said.

Five more credit unions have sold their credit card portfolios to TNB Card Services, the card processing and portfolio management arm of credit union owned Town North Bank. The recent purchase brings the total number of card portfolios that TNB has purchased to 140, the bank CUSO said.

CO-OP Financial Services, the parent CUSO for the nationwide CO-OP Network, reported that 15% of its credit union participants, about 400 CUs, have downloaded and started to use the marketing materials it has provided to help CUs promote CU convenience and access.

A new survey from a major gift card issuer indicates that Hispanics are the population most likely to purchase and use prepaid cards, both to use as gifts for others and for themselves.

A new survey from a major gift card issuer indicates that Hispanics are the population most likely to purchase and use prepaid cards, both to use as gifts for others and for themselves.

Visa USA and American Express have settled their long-standing legal dispute over anti-trust allegations. Under the terms of the agreement that Visa announced American Express would receive $1.12 billion from Visa USA and the banks that were also named in the suit. The money would not come from Visa however,...

A new report from the Aite Group, a research and analysis firm specializing on developments impacting financial service firms, suggests that even raising capital through the financial markets will leave Visa and MasterCard, the two leading card brands, facing increased competition.

More credit unions have found the ATIRAgift card their most promising avenue for offering their members options for gift cards as this year's December holidays draw closer, The Members Group has announced.