Payments/Credit/Debit

The $1.6 billion Redwood Credit Union has been posting strong numbers to its credit card portfolio for three years running now. The credit union, which processes its card transactions with PSCU Financial Services, had 23% growth in its outstanding card balances in 2005, 28% in 2006 and appears set to...

Although experts dispute over whether the practice is illegal, the Fair Isaac Corporation says the latest change to its credit scoring system will at least cut down upon and perhaps eliminate the practice of renting credit scores.

Consumers who are late with as little as one car payment can see there credit scores drop by 100 points, according to a recently published study by Experian, one of the three big credit reporting bureaus.

Consumers who are late with as little as one car payment can see there credit scores drop by 100 points, according to a recently published study by Experian, one of the three big credit reporting bureaus.

Riders in New York City taxicabs will now be able to pay for their rides with a wave of their cards over a contactless reader, thanks to a cooperative effort by Visa USA and Creative Mobile Technologies, a firm which specializes in taxicab innovation.

Riders in New York City taxicabs will now be able to pay for their rides with a wave of their cards over a contactless reader, thanks to a cooperative effort by Visa USA and Creative Mobile Technologies, a firm which specializes in taxicab innovation.

A landmark data breach bill protecting credit and debit card holders from identity theft and creating new requirements on breach notification was progressing through the California legislature last week winning an overwhelming 55-2 bipartisan vote in the state Assembly.

A history of increased efficiency and large transaction volume are two reasons CO-OP Financial Services believes it will succeed in the market for credit union credit card processing.