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ARLINGTON, Va. - Metavante, the financial services subsidiary of the Marshall and Ilsley Corporation based in Milwaukee, Wisconsin, announced that it has agreed to purchase NYCE from First Data for $610 million. While First Data Corporation's finding a buyer for the NYCE network tied down one loose end of its...

ALEXANDRIA, Va.-NCUA recently unveiled a new technical assistance grant program to help offset the costs of mentoring initiatives with low-income designated credit unions. The agency has set aside $50,000 from the Community Development Revolving Loan Fund for the new Mentoring Initiative technical assistance grants. Typically TAGs are available only to...

ST. PAUL, Minn. - Brian Volkmann, senior manager of real estate for Affinity Plus CU, was selected to serve on the Freddie Mac Credit Union Advisory Board. Volkmann's responsibilities on the board will include "counseling on discussion topics representing Affinity Plus' member base fairly and accurately; proactively identifying and sharing...

PURCHASE, N.Y. - MasterCard has added two rewards programs and employee incentives to help it continue to build its business debit card product. The two new rewards programs will let small business debit card users earn points toward rewards with their card use and offer a cash incentive for activating...

DALLAS - April brought a lot more than rain showers as credit unions saw a number of encouraging signs that the economy is turning around including more jobs and more consumer spending even as interest rates continued their upward climb. Those factors have led to some credit unions readjusting their...

STAMFORD, Conn. - Management oversight as well as a good understanding of the stage of development of the available technology before and after deploying it, are keys to secure electronic messaging such as e-mails. That's the essence of a research report from Gartner Inc. that examines issues credit unions may...

WASHINGTON-The Washington Post columnist Albert Crenshaw wrote in a recent column that bankers should tend more to the needs of their customers in order to beat out credit unions. The noted columnist suggested in his Cash Flow column that banks' service and pricing, not credit unions, have caused customers to...

MADISON, Wis. - CUNA Mutual Group is set to release its updated Credit Union Lending Strategies and Trends report this month. Since the late 1990s, CUNA Mutual's annual survey of lending programs has confirmed an increase in the number of CUs that offer remote lending options, but no corresponding decrease...