Remove Consumer Remove Contactless Payments Remove Credit Union Service Organization
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CUs Use AI, Cloud-Based Tools To Drive Member Engagement

PYMNTS

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. It is easy to see why contactless payments are growing in a time of social distancing and touchless safeguards to prevent spreading the virus.

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Anticipating The Consumer Spending Rebound

PYMNTS

The coronavirus pandemic winds on, and while it seems like it’s been forever, when — and not if — we emerge from all this, consumer spending will be altered. Even grocery spending growth slowed to 25 percent on credit cards and 10 percent for debit cards, which gives a nod to the fact that consumers are likely “fully stocked up.”

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Will Contactless Move Credit Union Cards To Top Of Wallet?

PYMNTS

Might consumers be ready for a new way to pay? In an interview with PYMNTS, Jeremiah Lotz, managing vice president of Digital Experience and Payment Products at PSCU , said the timing is right for the shift to contactless. The Consumer Perspective. Consumers are also comfortable with their plastic cards,” he said.

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How Music Retailers Keep Card-Not-Present Fraud From Sounding A Sour Note

PYMNTS

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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Today In Digital-First Banking: Sea Purchases Indonesian Bank BKE; PSCU Extends Partnership With Fiserv

PYMNTS

In today’s top digital-first banking news, Singapore tech startup Sea has reportedly bought Indonesia’s PT Bank Kesejahteraan Ekonomi (Bank BKE), while credit union service organization (CUSO) PSCU has lengthened its payment processing collaboration with Fiserv. Singapore Tech Startup Sea Buys Indonesian Bank BKE.

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PSCU Expects To Issue More Than 3M Contactless Cards In 2020

PYMNTS

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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For Credit Unions, An Innovation Mantra: ‘Easy Is The New Loyalty’

PYMNTS

The continued pivot toward digital banking and mobile devices substituting for in-person visits to branches is spurring financial institutions (FIs) to reconsider how they deliver new products and services – and what their consumers really need right now.