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PSCU Debuts Digital Issuance Solution With Push Provisioning To Mobile Wallets

PYMNTS

PSCU , a payments credit union service organization (CUSO), has rolled out its Digital Issuance solution in an effort to keep bolstering the credit union (CU) member experience, according to a Thursday (Dec. 10) announcement.

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PSCU Testing CULedger’s Blockchain-Based Digital ID System

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PSCU , the credit union service organization (CUSO), announced on Monday (Feb. 24) that it is finishing up a proof of concept (POC) with CULedger and Baxter Credit Union (BCU) for a blockchain-based decentralized identification platform. They are now using it to verify their identities.

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Deep Dive: How Open Banking Can Help Credit Unions Succeed

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Many third-party applications rely on risky practices like data scraping, which records users’ login credentials and then uses those details to access customers’ FIs and examine their financial information. Member onboarding could also be accelerated, as members will no longer need to provide authentication to each of their FIs.