LSC Unveils NewGen-The Prepaid Debit Card Teens and Parents Can Agree On

A prepaid debit card teens and parents can agree on could be a great addition to your suite of products. LSC, your Strategic Link business partner introduces “NewGen”. Learn more at a free webinar.

CO-OP: Oct 1 Just a Step Along the Way to EMV Compliance

With the EMV compliance deadline just past, CO-OP Financial Services offers a look at the landscape of liability and compliance in the marketplace, and tells credit unions what to expect going forward.

Are You Ready for the EMV Migration? CO-OP Has a Subsidy Program to Help

For many credit unions, converting to EMV cards is a cost burden. Strategic Link partner CO-OP Financial Services shares details of a subsidy plan to help debit and in-house credit processing credit unions make the switch more efficiently.

Home Depot Breach Cost Northwest Credit Unions $3.2 Million: CUNA

In a new report, CUNA estimated that 7.2 million credit union debit and credit cards were affected nationally, at a cost to credit unions of nearly $60 million.

CFPB Report on Small Debit Purchases and Overdraft Charges

The CFPB is concerned about how consumers will be impacted by opting in to overdraft services for one-time debit card and ATM transactions. Also in the Compliance Center: legal briefs and the question of the week.

Class Action Lawsuit Could Require Work by Credit Unions

A class action lawsuit may trigger an avalanche of paperwork for credit unions. The suit was filed on behalf of consumers who were charged fees for using their debit cards at ARCO gas stations and ampm minimarts. Also today: Legal Briefs, and the Question of the Week.

For Elfcu, CO-OP Debit Processing Opens the Door to a World of Access for Members

Debit card processing anchors the PFI experience at Elfcu, but the service doesn’t stop there. Elfcu’s relationship with CO-OP enables a world of access, from CO-OP Shared Branching to CO-OP ATMs, mobile deposits, credit processing, a member call center and more.

Gesa Credit Union Offers P2P to Members

In partnership with MAP, Gesa Credit Union has introduced a person-to-person payment system allowing members to send and receive money in a matter of minutes, through their phones or online.

The New Best Thing: Searching for the Future of Payments Technology

No one questions the fact that payment systems are undergoing a drastic transformation. But will the future of payments be decided by mobile apps? Will Bitcoins hasten the move toward a cashless society? Or does the answer still reside on the drawing board of a high-tech startup?

Appeals Court Overturns Merchant Challenge to Fed’s Interchange Cap Rule

A U.S. Court of Appeals overturned a lower-court ruling today that supported merchants’ arguments in the ongoing debate over the interchange fees financial institutions charge for accepting card-based transactions. The Fed’s cap on “swipe fees” is not too high, the court ruled.

NWCUA will Use Data Breach Survey Results to Fight for Tougher State, Federal Laws

Credit unions that respond to two online surveys can help the Northwest Credit Union Association build a strong case for legislative action in the wake of national and regional data breaches that compromised the financial information of millions of consumers.

Cost of Responding to the Target Breach in the Northwest: $1.3 Million and Counting

Northwest credit unions have already spent an estimated $1.3 million responding to the massive theft of financial data from Target stores, and the preliminary results of a nationwide survey indicate that those costs could grow substantially if fraud losses mount.

Target Confirms Massive Data Breach; 40 Million Cards May Be Affected

Financial institutions and consumers are reeling this morning from news of a massive data breach at Target stores nationwide that could affect as many as 40 million credit and debit card accounts, making it potentially one of the largest retail breaches in U.S. history.

Compliance Question of the Week

What do we do when a fraud claim is filed but the member wrote their pin on their debit card?

Credit Unions Say Debit-Card Fraud May Be Linked to Wholesale Grocer’s Stores

Credit unions in eastern Washington, Idaho and Montana are being urged to watch for unauthorized debit- and credit-card transactions this week as the U.S. Secret Service continues to investigate a rash of fraud cases that may be linked to a local grocery wholesaler.

What Makes O Bee Credit Union’s New Credit and Debit Cards a Success? ‘It’s the Water,’ and a Whole Lot More

Rewards and loyalty programs continue to play a crucial role in credit unions’ efforts to grow their credit card business, but it doesn’t hurt to “think local” and tap into the emotional connections that members and non-members feel for the communities where they live.

Why Debit Cards Are Still a Growth Product

Financial institutions with assets over $10 billion shifted their focus from debit cards during the interchange fee battle. Still, Strategic Link partner Card Services for Credit Unions (CSCU) thinks the product may present opportunities for credit unions.

CUMONEY Visa: A Reloadable Debit Card Program to Suit Any Need

Prepaid reloadable debit cards may present new growth opportunities for credit unions. Strategic Link business partner CUMONEY reports its reloadable prepaid debit card program is an affordable relationship-building tool, carrying one of the lowest fee structures in the market.