Monday, April 21, 2014
Suncoast First To Introduce Credit Card Participation Program
TAMPA, Fla. — Suncoast Credit Union is the first federally insured CU to introduce credit card loan participations, a program the issuer says meets the needs of institutions wanting to jump back into credit cards with less risk and expense.
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DES MOINES, Iowa — Momentum is building for debit EMV as the SHAZAM Network and Visa Inc. announced an agreement Wednesday to enable issuers to use Visa's common debit application identifier (AID) for Visa- and SHAZAM-branded cards and transactions. more »
RANCHO CUCAMONGA, Calif. — CO-OP Financial Services has entered into an agreement with Visa to make the Visa EMV common debit solution available to its credit union clients. more »
ARLINGTON, Va.—The federal appeals court decision to uphold the Fed's debit interchange guidelines is expected to drive more EMV conversions and send merchants' fight for lower swipe fees back to the open market, say industry analysts and credit union CEOs. more »
WASHINGTON — Sens. Mark Warner, D-Va., and Mark Kirk, R-Ill., unveiled legislation on Wednesday to increase fraud protections for debit card customers. more »
VIENNA, Va. — Mobile payments provider Square could get a big boost from the nation's biggest credit union. more »
A federal appeals court panel ruled Friday that the existing restrictions on debit card swipe fees should largely stand, turning back a challenge by retailers who argued that credit unions and banks are still earning too much money from the fees. more »
PHILADELPHIA — Reloadable prepaid is becoming a popular alternative to checking accounts for a growing number of Americans, and more credit unions than banks are offering the product, according to separate studies from the Pew Charitable Trusts and Moebs Services. more »
MasterCard and Visa have formed a new group to improve efforts in the U.S. to migrate to the EMV-chip cards other security methods. more »
NEW YORK -- Despite all the attention to what appears to be a growing number data breaches, the majority of independent business owners are not concerned about credit card security, according to a new study from Newtek Business Services. more »
Visa Inc. is deploying a classic fraud prevention model to combat the growing sophistication of prepaid card fraud. more »
MOUNTAIN VIEW, Calif. -- The Target Corp. data breach, estimated to have cost credit unions at least $30 million so far, is doing much more than lightening CUs' wallets -- it's changing the way they approach fraud prevention and increasing attention on EMV. more »
SEATAC, Wash. -- Though the Target Corp. breach has received a landslide of media attention, another data theft has hit Northwest CUs hard. more »
NORTH CHESTERFIELD, Va. -- Virginia Credit Union is issuing EMV plastic to its 60,000 cardholders. more »
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