Payments/Credit/Debit

LONG BEACH, Miss. - Despite the fact that Hurricane Katrina closed Triton's manufacturing center for three weeks and had a significant impact on many of its employees, the ATM manufacturer reported shipping 21% more ATMs to U.S. locations in 2005 than it did in 2004. According to the firm, almost...

SAN FRANCISCO - Credit unions that issue small business cards are probably hits among their small business members since, according to a recent Visa survey, small business use of payment cards continued to grow last year. The No. 1 card brand said its survey of several hundred small business owners...

SEATTLE - The $1.1 billion Washington State Employees Credit Union has joined Member Access Pacific's KeyCorp ATM network in a bid to offer its members surcharge-free access to more ATMs. The move will add 400 surcharge-free ATMs to the list that WSECU's 135,000 members can use. "The recent changes regarding...

WASHINGTON - The future shape of prepaid cards - the popular card product that includes everything from gift cards to benefit cards to payroll cards - appears to hang in the balance this year. Either these cards are completely safe and need no additional regulation, as some Visa executives have...

NEW YORK - A leading market research firm says that its surveys are showing that people without bank accounts are often still users of some sort of credit card, whether from a retail store, oil company or financial institution. Scarborough Research said its surveys of 200,000 adult consumers in 75...

BOSTON - Elan Financial Services, a subsidiary of U.S. Bancorp, has purchased another CU credit card portfolio, according to the Kessler Group, the firm which brokered the sale. The $156 million 1st Pacific Credit Union, headquartered in Vallejo, California, sold its card program to Elan and entered into an agent...

SAN FRANCISCO - As the members of the U.S. Olympic Team walked into the Olympic Stadium during the opening ceremonies, they did so having their per diem stipends available on Visa branded pre-paid cards provided by Visa and Bank of America. The athletes and all the team staff will be...

MILWAUKEE - Elan, the card processing firm which is a subsidiary of U.S. Bancorp, has purchased two more credit union portfolios. The $600 million Harborstone Credit Union, headquartered in Lakewood, Washington, sent 17,200 accounts worth $24 million in outstanding balances to Elan when it sold the portfolio, according to Elan....