PYMNTS

JANUARY 28, 2021

A transformation toward contactless payments is underway at the nation’s credit unions as the public shuns cash and even physical cards to lower infection risks with COVID-19. This change in consumer behavior is expected to remain even after vaccines are more widely distributed. The High Stakes Of Offering Contactless.

Contactless Payments 74

Contactless Payments Credit Union Innovation P2P 74

PYMNTS

MAY 14, 2020

PSCU will host its Virtual Member Forum 2020 from June 16 to June 17, bringing its largest yearly event to a digital environment in light of continued virus-related lockdowns. The credit union service organization (CUSO) has scheduled Virtual Member Forum 2020 to take place from 2 p.m. ET each day.

Credit Union 52

Credit Union Credit Union Service Organization On-Demand Origination 52

PYMNTS

JUNE 3, 2020

The COVID-19 pandemic and safety measures taken to slow the virus’s spread have overturned consumers’ daily lives, including what they are buying and which payment methods they are using to transact. These changes have presented consumers with new economic conditions and created different purchasing priorities. Grocery Spending Climbs.

Consumer 55

Consumer Debit Card Credit Cards Credit Union Service Organization 55

PYMNTS

APRIL 27, 2020

Credit union service organization (CUSO) PSCU compared the week ending April 19, 2020, to the same time frame in 2019 to discover what impact the coronavirus is having on consumer spending and shopping trends. People spent more money on consumer goods, with a 20 percent increase in debit card transactions.

Debit Card 60

Debit Card Credit Union Credit Union Service Organization Credit Cards 60

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. Strong balance sheets in key areas like credit card debt ($64.4 A Small Change It’s Not.

Credit Union 52

Credit Union Credit Union Service Organization NCUA Instant Payments 52

PYMNTS

JANUARY 26, 2021

Consumers’ migration to using contactless payment methods more often for their speed and convenience was only accelerated during the onset of the pandemic last year. Fagan said CUs have seen deposit balances rise, a sign that consumers have been careful about building savings, reducing debt and compiling barriers against financial shocks.

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Credit Union Contactless Payments Online and Mobile Banking Credit Union Service Organization 110

PYMNTS

DECEMBER 28, 2020

Consumers, businesses and financial institutions (FIs) cannot wait to bid adieu to 2020, which has been one of the most trying years in recent memory. Around The Credit Union Landscape. Credit unions were not immune to the dramatic shift in consumers’ banking preferences when the pandemic began.

Credit Union 79

Credit Union Credit Union Service Organization Online and Mobile Banking Innovation 79

PYMNTS

SEPTEMBER 30, 2020

Close to half of the credit union (CU) executives surveyed by PYMNTS earlier in the year expected credit card processing revenues to outstrip debit in 2020. Several months down the road, it’s a very different picture, as credit tightens and debit takes on an air of frugality. More than 40 million U.S.

Credit Union 56

Credit Union Credit Union Service Organization Issuers Credit Cards 56

PYMNTS

MARCH 2, 2020

After rumors of decline, CUs kicked off the roaring 2020s with higher metrics across the board – mortgage loans up by a staggering 81 percent, loan originations up almost 30 percent year over year, and non-real estate loans up by double digits. Seems that everybody likes credit unions—including cybercrooks.

Credit Union 52

Credit Union Credit Union Service Organization NCUA CCPA 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. Data and predictive analytics can offer new insights that can help CUs engage members.

Credit Union 43

Credit Union Credit Union Service Organization Fraud Detection Advisors 43

PYMNTS

APRIL 29, 2020

The April 2020 New Payment Flows edition of PYMNTS’ Credit Union Innovation Playbook series, a PSCU collaboration, looks into the credit union (CU) space at a pivotal moment: Many concepts, from eating to shopping to traveling and, of course, how we pay, have changed forever. A Members-First Mentality.

Credit Union 61

Credit Union Innovation P2P Credit Union Service Organization 61

PYMNTS

DECEMBER 11, 2019

Might consumers be ready for a new way to pay? His comments came in the wake of findings by credit union service organizations that a rush to adopt contactless cards is likely to come in 2020 and beyond. PSCU said it has rolled out a half-million contactless cards to members from 14 credit unions (CUs).

Credit Union 53

Credit Union Contactless Payments Credit Union Service Organization Debit Card 53