Payments/Credit/Debit

The $219 million Harvard University Employees Credit Union has become the first CU in the country to issue debit cards with PayPass, MasterCard's contactless card technology.

Financial Service Centers Corporation, the national shared branching network which is headquartered on the West Coast, is celebrating today as the full compliment of 2,000 shared branching locations comes on line.

The decision of the $220 million Harvard University Employees Credit Union to begin issuing credit cards enabled with MasterCard's contactless technology is only the latest in what the card brand says is building momentum for the innovation.

Discover Financial Services, the parent of the Discover card brand and owner of the PULSE EFT Association, has inked a deal that promises to expand the number of locations that accept Discover Card.

Cardtronics, the largest independent deployer of ATMs in the country and the parent firm of the Allpoint ATM network, has filed paper with the Securities and Exchange Commission indicating that it will make an initial public offering of stock.

A consumer coalition made up of groups like the Americans for Fairness in Lending, California Reinvestment Coalition, Consumer Federation of America, Consumers Union, and the Service Employees International Union decry Bank of America's recent decision to hike its ATM fees.

WASHINGTON--CUNA President/CEO Dan Mica jabbed again Friday at Bank of America's $3 foreign ATM charges claiming the public has a new reason to join a credit union "and ditch those rising bank fees."

WASHINGTON--Bank of America's $3 hike in foreign ATM fees drew new fire Thursday from U.S. PIRG, the consumer advocate organization, who again urged the public start using credit unions to avoid the big bank's "double dipping" practice on surcharges.