Payments/Credit/Debit

Triton, a leading manufacturer of ATMs, has continued to seek a stronger presence in the financial institution market, particularly among credit unions and smaller banks.

Roughly 1.65 million ATMs worldwide make up what is essentially a saturated market for the popular banking machines, according to a report from Global Industry Analysts, a market research firm.

Credit unions that issue credit and debit cards should continue to do so even though fraud losses might have bitten into their program's profit margins and hiked insurance premiums, CUNA Mutual Group has emphasized.

Fidelity National Information Services, the leading processor for credit union card accounts and a leading processing and authentication provider, began putting stronger internal control procedures into place after the processor discovered a data breach, which it alleged came from a source inside one of the company's subsidiaries.

A survey financed by card issuer Capital One has found that while a majority of teenagers desire to get some sort of education about how to manage their money, most never get any.

The issue of credit and debit card interchange appears poised to get more attention this week as the House Judiciary Committee's Anti-Trust Task Force has scheduled a July 19 hearing on the issue.

Visa USA, the nation's largest credit and debit card brand, has begun looking toward what it called a generational shift in spending patterns as the purchasing momentum moves from Baby Boomers to younger generations, which Visa identified as Echo Boomers.

Credit Unions that have their debit and credit card processing with different firms do not necessarily benefit from consolidating all their card business with one card processor, according to research conducted and released by CO-OP Financial Services.