What's in the Cards
Pemco Tech. Now JHA Payment
MONETT, Mo.-Pemco Technologies has been rebranded as JHA Payment Processing Solutions, following its acquisition by Jack Henry & Associates, Inc. Jack Henry acquired Seattle-based Pemco in October 2009.
For info: www.weknowpayments.com
CSCU Expands Consulting Svc.
CLEARWATER, Fla.-Card Services for Credit Unions said it has expanded portfolio consultation services for its member credit unions to provide guidance on both credit and debit portfolio strategies. It is a free service for CSCU members. The CUSO is also offering its 2010 Card Growth Workshop in a variety of regions across the country.
For info: www.cscu.net
TMG Introduces Visa Risk Manager
DES MOINES, Iowa-The Members Group added Visa Risk Manager to its fraud protection services for clients participating in Visa programs. TMG said Visa Risk Manager is a fraud prevention tool allowing financial institutions to create fraud cases and decline suspicious transactions in real time.
For info: www.themembersgroup.com
3 CUs Join CU 24 In Q2
TALLAHASSEE, Fla.-Credit Union 24 said three CUs have joined the network and seven CUs renewed long-term contracts with the network in the second quarter of 2010. The three new CUs to join the network were: Blue Flame CU, Mobile, Ala., First New England FCU, East Hartford, Conn., and Cooperative Employee's CU, Anadarko, Okla.
For info: www.cu24.com
DCS Intro's CardWizard 5.2
ENGLEWOOD, Colo.-Dynamic Card Solutions released CardWizard 5.2, which enables financial institutions to instantly issue magstripe, contact, contactless and EMV payment cards in branch or back office.
For info: www.instantissuance.com
How To Enhance Debit Profitability
ATLANTA-Financial institutions must work to to make debit usage a more valuable proposition for themselves and their cardholders, according to a study by First Data. The study recommends growth strategies banks should adopt and warns of impending threats to their ability to take full advantage of the opportunity debit programs represent. "Banks can capitalize on consumers' move to debit if they develop a sophisticated understanding of the economics of their debit offerings and put the same innovative energy behind debit as they do behind credit," said Paul Stanley of First Data. "However, our study warns that fraud and increased regulation could dampen the debit experience for both banks and their customers."
For info: www.firstdata.com