PYMNTS

JANUARY 28, 2020

trillion in 2019. The total number of CUs in operation declined from 6,743 in 2015 to 5,390 as of 2019, but the total number of CU members increased over the course of the decade from 89.3 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

FEBRUARY 11, 2020

The credit union service organization (CUSO) said it blocked cybercriminals at several channel intersections, including at the point of sale, at its contact centers and other avenues. PSCU has prevented over $277 million in would-be fraud last year, 30 percent more than in 2018.

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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).

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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.

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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

SEPTEMBER 9, 2020

Debit transactions are on the rise, with credit union service organization PSCU finding that the value of payments made with debit cards rose 18 percent year over year between June 29 and July 5. A new report found that 58 percent of merchants now accept contactless cards, compared to the 40 percent that did so in 2019.

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PYMNTS

APRIL 21, 2020

In an interview with Karen Webster, Chuck Fagan, president and CEO of PSCU , a credit union service organization (CUSO), said that the impact to consumer spending will be prolonged, but the recovery will be swift and sharp — depending on where you look. Overall credit card spend was down 29.9

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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

JUNE 5, 2020

Credit union service organization (CUSO) PSCU reported that, among its members’ customers, debit spending at grocery stores was up 10 percent year over year for March 17 to March 23,” the Tracker states. percent higher than PSCU had seen during the same period in 2019.”. But credit usage has actually increased 3.4

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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

JUNE 3, 2020

per gallon — more than a dollar short of the average price during the same period in 2019. Credit union service organization (CUSO) PSCU reported that, among its members’ customers, debit spending at grocery stores was up 10 percent year over year for March 17 to March 23. percent year-over-year drop.

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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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