Harland Clarke Digital Launches to Deliver Premier Marketing Solutions for Multichannel Digital Communications

Strategic Link business partner Harland Clarke has launched a new brand, combining sophisticated marketing expertise with powerful technology to launch Harland Clarke Digital.

Interchange Fee Settlement Includes Plans to Temporarily Reduce Swipe Fees for Card Issuers

Visa, MasterCard and several big banks reached a $7.2 billion antitrust settlement with a large group of merchants regarding interchange fees. The settlement will cost Northwest credit unions between $2.5 and $3.5 million in fee income.

Compliance Question of the Week

Is there a quick reference I can use for advertising compliance?

Federal Reserve Board Publishes Comparative Information on Average Debit Card Interchange Fees

The Federal Reserve Board published comparative information recently on the average debit card interchange fee that each payment card network charges acquirers and provides to debit card issuers. The board will publish this information annually.

Catalyst Corporate Preparing to Launch Lockbox Service

Catalyst Corporate Federal Credit Union is taking steps to offer credit unions a secure and affordable alternative for processing lockbox payments, one that includes the ability to securely view all lockbox activity, images and reports online.

Significant Credit Card Security Breach Uncovered

Visa and MasterCard are notifying card-issuing credit unions and banks of a possible massive data breach involving Atlanta-based Global Payments Inc., a third-party payment processor.

TwinStar Credit Union is ReadyLink-Ready

Thanks to a partnership with MAP, a Strategic Link business partner, Visa prepaid cardholders can now load cash onto their cards at any TwinStar ATM in Washington using TwinStar Credit Union’s new ReadyLink service.

CO-OP Financial Services Acquires eCom Assets, Offers Credit Unions Online Bill Pay Services

Strategic Link business partner CO-OP Financial Services announced the acquisition of Corporate Network eCom, which offers credit unions a fully-hosted, comprehensive member bill pay service at a highly competitive price.

Compliance Question of the Week

What is a discharge and when does it occur in the different bankruptcy filings?

Person-to-Person Payment Service Provides Security, Convenience While Keeping Credit Unions in the Transaction

Harland Clarke offers DPXPayâ„¢, a secure person-to-person payment service allowing credit unions to easily send and receive money.

CFPB Unveils Sample Credit Card Disclosures

The Consumer Financial Protection Bureau (CFPB) has begun another stage of its “Know Before You Owe” project, unveiling a two-page credit card disclosure that clearly lays out the key terms that consumers need to know.

Disclosure Requirements for ‘Skip-a-Payment’ Programs

Many credit unions offer “skip-a-payment” programs to their members, particularly during the holiday season, but credit unions should be aware of the various disclosure requirements related to these programs.

Regulation Z Impacts ‘Skip-a-Payment’ Programs

Many credit unions offer “skip-a-payment” programs to their members, particularly during the holiday season, but changes to Regulation Z have impacted the regulation and reporting associated with these programs.

Compliance Question of the Week

Can I charge any fees due to dormancy or inactivity, or stop paying interest on a dormant account?

Credit Union Comment Sought on Credit-Risk Retention Plan

The Association is seeking comment on a proposed credit-risk retention rule that would require securitizers to retain an economic interest in the credit risk of assets they securitize.

FASB Clarifies TDRs

CPA Daren B. Tanner clarifies recent changes to Troubled Debt Restructuring after FASB released a new update.

Legal Briefs

Your update on the regulatory landscape.

Retailers Lobbying to Avoid Paying Fair Share of Plastic Card Payment System

National credit union movement leaders say that the D.C. retail lobby is misleading congress and consumers as it pushes to cap interchange fees needed to keep the card payment system functional, affordable and safe.