PYMNTS

DECEMBER 27, 2019

These and other 19 th -century proto-cooperatives were the forerunners of today’s credit union (CU) community. 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.

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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. The Best-Laid Plans.

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Credit Union Credit Union Service Organization Issuers Credit Cards 56

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. Around The Credit Union World. The past decade was a period of slow but steady progress for credit unions. Total CU assets increased 7.4 CUs like St.

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Credit Union Innovation Credit Union Service Organization Federal Reserve 62

PYMNTS

MARCH 2, 2020

Good thing people don’t feel that way about credit unions (CUs). Seems that everybody likes credit unions—including cybercrooks. Seems that everybody likes credit unions—including cybercrooks. Quite the opposite, actually. million individual and business members in 2019. The Trust Factor.

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PYMNTS

MAY 12, 2020

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.

Credit Union 64

Credit Union Innovation Credit Union Service Organization Point-of-Sale (POS) 64

PYMNTS

FEBRUARY 10, 2020

As the nation’s premier payments credit union service organization [CUSO] and a leader in the credit union industry, PSCU is continuously looking for ways to meet and exceed the expectations of the credit unions we serve,” said Gandre. Denise shares this same commitment, dedication and vision.

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PYMNTS

AUGUST 29, 2019

The market share of credit unions is only a fraction of their larger bank counterparts, but they tend to inspire a greater sense of loyalty among customers. Data from PYMNTS’ Credit Union Innovation Index found that 60.8 How Does Open Banking Help Credit Unions? How is Open Banking Being Implemented?

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Credit Union Payment APIs and Integration API Credit Union Service Organization 63

PYMNTS

JANUARY 16, 2020

A new decade — and for credit unions (CUs), might this be the decade of data as a conduit of trust, a way to cement customer loyalty? The focus is on helping credit unions improve and enhance engagement with their members. Digital banking efforts were once only realistic for the most deep-pocketed of traditional FIs.

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Credit Union Instant Payments Real Time Payments Credit Union Service Organization 55

PYMNTS

JULY 15, 2020

CheckAlt , which provides lockbox and treasury management services, has struck a partnership with credit union service organization (CUSO) Tru Treasury to help credit unions attract new members and boost services, a press release says.

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PYMNTS

NOVEMBER 19, 2020

Credit unions (CUs) have been riding high in recent years, with one October report finding that global CU membership hit an all-time high of 291 million last year. Around the Credit Union World. Some organizations are keeping members secure by partnering to provide the latest cutting-edge solutions.

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PYMNTS

AUGUST 8, 2019

That truth especially applies in the world of credit unions, financial institutions (FIs) that are always fighting to survive among bigger banks and their relatively large holds of cash. Credit unions — along with most FIs — also have something else at stake when it comes to loyalty and rewards programs: branding.

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PYMNTS

APRIL 21, 2020

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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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. It also offers participating CUs customized consulting services.

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

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).

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PYMNTS

MARCH 30, 2020

Amid the coronavirus pandemic, PSCU compared transactions of its owner credit union members on a same-store basis between March 2019 and March 2020. The year-over-year increase in debit card drug store transactions came out ahead of credit cards by two times. The consumer goods space notched an overall increase of 9.2

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Debit Card Consumer Credit Union Service Organization Credit Union 56

PYMNTS

MARCH 23, 2020

For the last two weeks — and for much of the foreseeable future — it is the questions that consumers, businesses, banks, public health officials and legislators are asking themselves as an utterly unprecedented situation is unfolding around them amid the coronavirus pandemic. How do you plan for something that has never happened before?

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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. In the firm's contribution to PYMNTS' “ What Did You Change?

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Credit Union Credit Union Service Organization Fraud Detection Advisors 43

PYMNTS

APRIL 30, 2020

Credit unions (CUs) have had to shutter many of their branches or limit capacity alongside other financial institutions (FIs) to protect members and staff as the COVID-19 virus continues on. Around The Credit Union World.

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PYMNTS

JANUARY 14, 2021

Payments credit union service organization (CUSO) PSCU reported 11.4 percent year-over-year debit and credit overall same-store sales volume growth among its owner credit unions over the 2020 holiday season, according to a press release emailed to PYMNTS. Purchases between Nov. percent to 5.2

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PYMNTS

APRIL 13, 2020

As the coronavirus pandemic continues to disrupt personal finances, a study by credit union service organization (CUSO) PSCU shows that overall credit card spending is down 29 percent for the week ending April 5, compared to the same period in 2019. In these states, credit card spending was down 32.1

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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.

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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

MARCH 6, 2019

From cannabis legalization to the federal shutdown, government actions are reshaping financial circumstances for consumers and businesses alike. Around the Credit Union Landscape. EncoreFX and Motor City Community Credit Union (MCCCU) of Ontario are also fueling up their fraud fights related to cross-border payments.

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PYMNTS

NOVEMBER 25, 2019

Credit unions (CUs) are unique among financial institutions (FIs) for the sense of loyalty they inspire among their members. PYMNTS’ Credit Union Innovation Index found that 65 percent of such members chose their CUs because they trusted them, for example, with 60.8 Developments From Around the World of Credit Unions.

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PYMNTS

MAY 14, 2020

While staying mindful of our credit unions’ time and current member needs, we have an impressive lineup packed with strategies for sustaining success now and into the future – and we’ll have some fun together as well,” he added. ET each day.

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PYMNTS

MARCH 30, 2020

As COVID-19, the disease caused by the coronavirus , ravages the economy, and millions of Americans shelter in place to figure out their next financial moves amid layoffs and volatile markets, credit unions (CUs) have a role to play — particularly in the battle against fraudsters who would prey upon CU members at this most vulnerable moment.

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PYMNTS

DECEMBER 16, 2020

Welcome Technologies , which builds data-driven tech for immigrant communities, has chosen PSCU , a credit union service organization, to provide processing services and support for the first credit card program to be offered by Welcome, an online consumer platform that focuses on immigrant communities, according to a press release.

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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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Credit Union Credit Union Service Organization Contactless Payments NOV 47

PYMNTS

DECEMBER 16, 2019

Payments credit union service organization PSCU unveiled the deployment of desktop automation via its partnership with Jacada to optimize the call center experience. A key to driving operational efficiency in the contact center is the ability to automate manual, error-prone and time-consuming tasks on behalf of the agent.

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PYMNTS

JANUARY 13, 2021

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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PYMNTS

DECEMBER 23, 2019

Credit unions (CUs) remain strong, despite the many challenges they face. 19 Statistical Release, “Consumer Credit,” recently found that CUs hold $64.4 billion in credit card debt and $382.9 Developments From Around The World Of Credit Unions. billion in car loans, a 6.9 percent and 4.1

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PYMNTS

DECEMBER 16, 2019

Payments credit union service organization PSCU unveiled the deployment of desktop automation via its partnership with Jacada to optimize the call center experience. A key to driving operational efficiency in the contact center is the ability to automate manual, error-prone and time-consuming tasks on behalf of the agent.

Credit Union 52

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PYMNTS

APRIL 21, 2020

Credit union service organization PSCU has updated its weekly transaction analysis from Owner credit union members to reflect the impact of the coronavirus, finding that credit spending overall was down 32 percent while debit spending was down 11 percent. percent drop in credit and a 7.4

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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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PYMNTS

NOVEMBER 4, 2019

PSCU, a national payments credit union service organization, is teaming up with dispute management firm Lean Industries to process disputes, PSCU announced in a press release on Monday (Nov. The company will leverage Lean Industries’ AdjustmentHub and NetworkHub solutions to manage dispute services. “As

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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.

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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