Payments

BURBANK, Calif. – Lockheed FCU on Monday said it has signed with CO-OP Financial to provide it with credit card processing.

Seven-million Hispanic U.S. households are underbanked or underserved. That's a sizeable market waiting to be tapped, according to one expert, who says one key to penetrating that market is through prepaid reloadable cards.

MANITOWOC, Wis. – Shipbuilders CU has signed with Vantiv to provide it with ATM and debit card transaction processing, ATM driving, card production and network gateway access.

TUMWATER, Wash. – O Bee CU, chartered as the credit union for Olympia Brewing Co., returned to its roots by issuing a gold Visa credit card with the image of the Olympia beer logo, with its trademark horseshoe, Tumwater Falls, the expression “good luck,” and the classic “Olympia” lettering.

Americans across the country continue to slash away at their credit card debt, but a return to card borrowing may be around the corner.

EDISON, N.J. – Pinnacle FCU has contracted with Vantiv for single-sourced, comprehensive processing services, including ATM and debit card transaction processing, ATM driving, card production and network gateway access.

CLEARWATER, Fla.-At the average credit union, just 14% of members carry its credit card.

ALBUQUERQUE, N.M.-First Financial CU says it is phasing out its traditional ATM cards in favor of debit/credit cards, one of the fall-outs of the Durbin amendment to the Dodd-Frank bill.

ST. PETERSBURG, Fla.-The fight to get the credit union's plastic to the top of members' wallets is heading to a new battleground: the mobile space.

PITTSBURGH-With Bank Transfer Day creating greater CU awareness, Omega FCU says now is the perfect time to get back into the credit card business.

LIVE OAK, Texas-Randolph-Brooks FCU considers itself the Southwest Airlines of financial institutions.

DES MOINES, Iowa-The plain vanilla credit or debit card with no extras will likely get shoved to the bottom of the digital wallet.

HONOLULU – Aloha Pacific FCU is expanding its relationship with CO-OP Financial Services to include debit processing and ATM terminal driving services.

Hey, Visa and PayPal, pay attention here.

In a move Barclays Bank PLC hopes will make consumers wonder how they ever used to exchange funds with one another, the United Kingdom-based bank is making mobile funds transfers available to all UK bank accountholders through a free software application called Pingit.

DES MOINES, Iowa – The Members Group has implemented DefenseEdge, the latest fraud prevention tool from First Data, a provider of electronic commerce and payment processing.

BILOXI, Miss. – Keesler FCU has implemented JHA Payment Processing Solutions’ card processing service.

Industry analysts have called 2012 a possible “breakthrough year” in the payments industry for Near Field Communication technology.

Intuit Inc. has added a new tablet-banking product for banks and credit unions.

USAA Federal Savings Bank traditionally has occupied an unusual position that almost requires it to be an early adopter of digital financial services. Its military-heavy customer base always is on the move and often in geographic circumstances that don’t allow multi-channel banking.