Court action against credit union over debit card

One of the first credit unions to offer debit cards to its members is in a dispute over the alleged ending of a deal with a company which provided the service.

DCR Strategies Inc, a debit and pre-paid card provider based in Canada, yesterday sought an injunction preventing Bishopstown Credit Union in Cork, its chief executive Raymond Kenny, and another card provider, Credit Union Services Organisation (CUSO) Ireland Ltd, from using allegedly confidential information in relation to the card service.

The court heard CUSO has been involved in approaching nine other credit unions with a view to setting up debit card systems. Around 3,500 of Bishopstown Credit Union’s 22,000 members have a pre-paid Mastercard debit card.