Payments/Credit/Debit

Cardtronics Inc, the largest independent service organization ATM deployer in the country and the parent of the Allpoint Network, has announced plans to acquire the U.S. ATM operations of 7-Eleven Inc. The acquisition, tagged for $135 million, would add more than 5,500 ATMs to Cardtronics' portfolio, expanding the independent sales...

Credit Unions have once again traveled to Capitol Hill in an attempt to build a case for increased federal regulation of card data security, this time at a hearing before the Subcommittee on Finance and Tax of the House Small Business Committee.

Elan Financial Services, a subsidiary of US Bank, has purchased the credit card portfolio of the $250 million Potlatch No. 1 Federal Credit Union headquartered in Lewiston, Idaho. The purchase brings 5,000 card accounts worth $6.6 million in outstanding balances to Elan, according to the Kessler Group, which brokered the...

CO-OP Financial Services CEO Stan Hollen presents a $10,000 check to the Children's Miracle Network. Next to Hollen is Miss America Lauren Nelson and other supporters of CMN.

In a move which could be seen as a triumph over a long standing nemesis, Fidelity National Information Systems, the leading processor of credit union card transactions, has purchased Asset Exchange, arguably the most well-known broker of credit union credit card portfolios.

In the face of conversion "rhetoric," CO-OP Financial Services is committed to retaining its strong credit union character as it pursues further signups with ATM/electronic funds processing groups, a number of which are league-sponsored, according to CO-OP Chairman David Maus of Denver.

DALLAS -- TNB Card Services, the card portfolio arm of credit union-owned Town North Bank, has purchased four more credit union credit card portfolios, pushing the total number of CU card portfolios they own and market in relationship with the credit unions to more than 125.

BROCKTON, Mass. -- The $1.4 billion HarborOne Credit Union has billed TJX Maxx, the parent company of a number of different retail chains which suffered an extensive card data security breach for $590,000 in costs associated with its losses during that breach.