PYMNTS

DECEMBER 27, 2019

Though the sector is considered healthy and well-managed, credit unions and the CUSOs (credit union service organizations) that support them with tailored offerings face upheavals in the next couple of years. percent in Q3 2019, which is a concern for the entire sector. Digital Unison.

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PYMNTS

FEBRUARY 6, 2020

PSCU , which is known as a premier payments credits union service organization (CUSO), reported significantly higher year-over-year growth than expected during the holidays, with a 7.86 percent increase in debit and credit sales among its owner credit unions (CUs). Debit sales volume grew by 8.76

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PYMNTS

JANUARY 28, 2020

Credit unions (CUs) face stiff competition from banks, FinTech firms and other players in the financial industry, but they have several intrinsic advantages. trillion in 2019. million in 2019. Total CU assets increased 7.4 percent year over year from $884.7 billion in 2009 to $1.54 million members in 2009 to 119.6

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PYMNTS

MAY 18, 2020

Credit union service organization (CUSO) PSCU compared the 19 th week of 2020, which concluded on May 10, to the same timeframe in 2019 to discover the impact of the pandemic on consumer spending and shopping trends. percent of overall credit transactions and credit CNP purchases comprising 59.8

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Debit Card Credit Union Service Organization Credit Cards Credit Union 52

PYMNTS

SEPTEMBER 9, 2020

Consumers who previously paid for purchases by swiping or inserting their cards at in-store point-of-sale (POS) terminals are now turning to contactless cards and online shopping to safely and easily obtain needed goods. These two forces appear to be driving an increase in consumers’ use of touch-free debit payment options.

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Debit Card Credit Union Service Organization Point-of-Sale (POS) Contactless Payments 64

PYMNTS

MARCH 2, 2020

Reading the February 2020 Credit Union Tracker ® done in collaboration with PSCU , we discover that Canadian credit union Desjardins Group was hacked , impacting the records of 4.2 million individual and business members in 2019. They were not alone in 2019, a year when cybertheft records were set.

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PYMNTS

NOVEMBER 20, 2019

Payments credit union PSCU is prepared to handle what they predict will be a rush in 2020 to adopt contactless cards, the company said in a press release on Wednesday (Nov. In 2020, PSCU anticipates distribution of more than three million new contactless cards to 100-plus credit unions.

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PYMNTS

JUNE 5, 2020

Understanding consumers’ new approaches to commerce can help merchants and FIs cater to customers’ needs during the pandemic and anticipate which behavioral changes may continue into the future,” the Tracker states. Consumers are … rethinking whether they should be paying for goods with cash, credit cards or debit cards.

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Debit Card Credit Union Service Organization Payments Credit Union 52

PYMNTS

OCTOBER 28, 2020

PSCU , the credit union service organization (CUSO), is teaming up with FICO Customer Communications Services (CCS) to develop a fraud alert tool for credit unions (CUs), PSCU said in a statement on Wednesday (Oct. FICO scores range from 300-850.

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PYMNTS

MAY 1, 2019

They not only have to battle fellow credit unions and banks, but also newer FinTech players offering wide-ranging innovations that can entice modern consumers. According to the March 2019 edition of PYMNTS’ Credit Union Innovation Playbook , 57.6

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PYMNTS

NOVEMBER 22, 2019

But then again, more than 9,100 stores have closed this year, and per CNBC reports, Bank of America has noted that mall closures have reached more than 4,000 in 2019 alone, up more than 140 percent from 2018’s tally. Might momentum be accelerating toward a tipping point?

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