Payments/Credit/Debit

The Utah League of Credit Unions and CO-OP Financial Services have cut a deal that will allow the 112 Utah credit union league members to join the CO-OP Network under preferential terms.

PSCU Financial Services, the card servicing and processing CUSO for more than 500 credit unions that use the First Data Corp card platform, has won the business of a very big credit union.

Another credit union, this one in Ohio, has sold its credit card portfolio to Elan.

BROCKTON, Mass. - The $1.3 billion HarborOne Credit Union has rolled out its first credit card aimed at small and medium sized businesses. The new card went to Stephen Mendoza, owner of the Precise Instrument Company, a firm which sells and services microscopes.

SACRAMENTO, Calif. - The $6 billion The Golden 1 Credit Union is taking particular satisfaction that technology innovations that originated with the CU were instrumental in the recovery of one of the CU's ATM's.

CANBERRA, Australia - A report from the economics committee of the Australian parliament has recommended that the nation adopt card technology which would replace the use of signatures with the combination of personal identification numbers and computer chips.

ST. PAUL, Minn. - Members of the $1 billion Affinity Plus FCU have reacted well to a fairly comprehensive rewards program that the CU has put into place. In addition to offering a standard rewards program on its card products, Affinity has started offering points for interest payments on loans,...

HERNDON, Va. - NACHA, the electronic payments association, and affiliated groups will continue their effort in May to get banks, credit unions, and nonprofit organizations across the country to increase their use of direct deposit and direct payment in place of paper checks. The group led by NACHA, Electronic Payments...