Wednesday, September 17, 2014
Card Data Breach Increase Changes Fraud Tactics, Challenges Small CUs
The steady stream of data breaches is changing how credit unions battle card crime and spotlighting rising fraud costs, which are proving difficult for small CUs to absorb.
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Home Depot is working with financial institutions and law enforcement agencies to investigate a potential theft of its customers' credit and debit card information. more »
A year ago, bank executives were taking a hard look at credit cards — if they didn't offer one, they were seriously considering it; and if they already offered a card, they wanted to boost its profile. The moves have paid off with huge growth rates. more »
WASHINGTON — A group of retail trade associations and large retailers wants the Supreme Court to review the Federal Reserve Board's cap on debit card swipe fees that merchants say is higher than the fee limit envisioned in the Dodd-Frank Act. more »
LAKE BLUFF, Ill. — The practice of ordering consumer payments from highest to lowest is declining among financial institutions, according to a new study from Moebs Services. more »
DES MOINES, Iowa — Thanks to host card emulation (HCE), tap-and-go may well become the primary way consumers pay with their phones at the point of sale. more »
Goodwill Industries is investigating a possible theft of customer card data. more »
Navy Federal Credit Union has implemented a money management mobile app from Cachet Financial Solutions to upgrade its prepaid card program for students. more »
GreenStar Payment Solutions, a venture of SinglePoint, Advanced Content Services and GreenHouse Payment Solutions, is offering debit card acceptance to legal marijuana dispensaries through the use of cashless ATMs. more »
BOSTON — By the end of 2015, 70% of U.S. credit cards and 41% of U.S. debit cards will be EMV enabled, and chip and signature will be preferred by issuers out of the gate, according to a recent survey. more »
What lays ahead in the ever-changing payments marketplace? Credit Union Journal asked some industry experts and here's what they said. more »
Xapo says its Bitcoin debit card will start rolling out by the end of June, and it will be accepted anywhere by using the rails of a card network, interchange fees included. more »
Five years after its implementation, the CARD Act has had a major impact on the financial services market — but the credit union story is different. more »
Merchants seeking a court ruling that would cause the Federal Reserve Board to re-establish debit cap fees at a lower rate want more time to consider bringing the case to the U.S. Supreme Court. more »
Oct 20 - 22 | PayThink (formerly ATM, Debit & Prepaid Forum)

JW Marriott Desert Ridge
Phoenix, AZ
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Oct 27 - 29 | Financial Services Collections & Operational Risk Conference

The Cosmopolitan
Las Vegas, NV
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Red Riding Hood
This video from Security Service FCU is one in a series that puts a credit union spin on fairy tales.
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