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Monday, January 26, 2015
Fed Offers Four Options for Speeding Up Payments
The Federal Reserve System released a detailed vision Monday for improving the speed of the U.S. payment system.
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WASHINGTON — While many banks are concerned about risk returning to the credit card marketplace, their credit union counterparts do not share those fears. more »
HOUSTON — ATM networks Allpoint and STAR have renewed their relationships, allowing member institutions and cardholders continued surcharge-free access to the Allpoint network throughout the United States. more »
The Supreme Court has declined to take up an appeal from retailers seeking to toughen Federal Reserve Board restrictions on debit interchange fees charged by financial institutions. more »
CFE Federal Credit Union here has launched a new affinity debit card program for fans of the University of Central Florida Knights athletic teams. more »
The fast-food chain Chick-fil-A has confirmed that it was the victim of a recent data breach. more »
RANCHO CUCAMONGA, Calif. — Consumers swiped and clicked their plastic over Thanksgiving weekend, as analysis from multiple sources found credit spending increased almost 13% while debit spending increased nearly 7%, compared with last year. more »
As consumer credit card holders in the United States continue to rack up increasing amounts of debt, some industry experts fear the situation may be close to a "tipping point" that could culminate a new wave of defaults and delinquencies. more »
Three former stars of the National Football League are acting as "ambassadors" for a credit card promotion by $18.5 billion Pentagon Federal Credit Union. more »
Target Corp. (TGT) must defend itself against claims that its failure to shield computer systems allowed hackers to steal the account data of millions of shoppers, forcing banks to reimburse fraudulent charges and issue new credit and debit cards. more »
People's Credit Union said it will offer its members surcharge-free access to ATMs at all 43 Rite Aid pharmacies in the state of Rhode Island. more »
MIDDLETOWN, R.I. — To make a more personal connection with members, The People's Credit Union offers a personalized debit/credit card program that has attracted hundreds of responses. more »
WASHINGTON — Payment operators should prioritize consumer protection as bad actors access networks like the automated clearing house and the industry tries to increase transaction speeds, a key regulator said Thursday. more »
Michelle Thornton has some advice for credit unions that haven't started planning their EMV conversion: Don't panic yet. more »
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New Orleans
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