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. percent drop.

Debit Card 56

Debit Card Consumer Credit Union Service Organization Credit Union 56

PYMNTS

JULY 25, 2019

A new report from payments credit union service organization PSCU revealed that its owner credit unions saw banner results from the promotional programs offered through PSCU’s Advisors Plus during the two-day shopping event.

Credit Union 66

Credit Union Credit Union Service Organization Advisors Debit Card 66

PYMNTS

NOVEMBER 19, 2020

Avoiding stagnation and competing with other financial providers means that they must invest in new digital technologies and solutions in addition to playing to their traditional strengths, such as low rates and exceptional customer service.

Credit Union 91

Credit Union AI Credit Union Service Organization Authentication 91

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. percent in Q3 2019, which is a concern for the entire sector.

Credit Union 52

Credit Union Credit Union Service Organization NCUA Instant Payments 52

PYMNTS

DECEMBER 28, 2020

The December edition of the Credit Union Tracker® explores the space’s latest developments, including how CUs are continuing to go digital and why credit unions’ can no longer afford to take wait-and-see approaches to digital innovation. Around The Credit Union Landscape.

Credit Union 79

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

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. We look forward to continuing to partner with PSCU and drive new, innovative contact center solutions for its owner credit unions and their members.”.

Bots 54

Bots Credit Union Credit Union Service Organization Automation 54

PYMNTS

JANUARY 28, 2021

All indicators suggest that these trends are only likely to continue to grow, however. This change in consumer behavior is expected to remain even after vaccines are more widely distributed. It will likely alter global markets and regulations as the financial ecosystem becomes more digitized.

Contactless Payments 74

Contactless Payments Credit Union Innovation P2P 74

PYMNTS

APRIL 23, 2020

While organizations cannot predict or fully prepare for a black swan event, there are steps that can be taken to help minimize the impact. Business Continuity Is Key. PSCU has built a robust and resilient cyber and fraud foundation to support our credit unions and their members. This is imperative to mitigating impact.

Credit Union 63

Credit Union Credit Union Service Organization Business Continuity Fraud Detection 63

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.

Credit Union 52

Credit Union Treasury Reconciliation Credit Union Service Organization 52

PYMNTS

DECEMBER 5, 2019

Credit union service organization CULedger has debuted its financial exchange for credit unions using R3’s Corda blockchain technology, the firms said in a press release Thursday (Dec. We look forward to seeing CULedger continue to achieve success and transform the way that payments are executed.”.

Credit Union 52

Credit Union Cross-Border Payments Cross-Border Credit Union Service Organization 52

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’s Enhanced Fraud Services assigns fraud consultants to members.

Credit Union 56

Credit Union Credit Union Service Organization Blocks Bots 56

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. In areas that are starting the reopening process, we are seeing stronger growth, particularly for debit.

Debit Card 52

Debit Card Credit Union Service Organization Credit Cards Credit Union 52

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 for credit and 42.7

Credit Union 52

Credit Union Credit Union Service Organization ATM On-Demand 52

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. We look forward to continuing to partner with PSCU and drive new, innovative contact center solutions for its owner credit unions and their members.”.

Credit Union 52

Credit Union Credit Union Service Organization Bots Automation 52

PYMNTS

JANUARY 28, 2020

CUs are also leveraging the latest technologies, including cloud computing, to continue fostering the relationships with their customers. New technologies are being developed to continue this market growth. Security threats continue to trouble the industry, however. million members in 2009 to 119.6 million in 2019.

Credit Union 62

Credit Union Innovation Credit Union Service Organization Federal Reserve 62

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).

Credit Union 52

Credit Union Credit Union Service Organization Debit Transaction PayPal 52

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. This will hopefully help state residents with some of their financial worries during the virus’s continued spread.

Credit Union 75

Credit Union Phishing Online and Mobile Banking Credit Union Service Organization 75

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

AUGUST 28, 2019

That question served as the anchor for a recent PYMNTS discussion between Karen Webster and Brian Scott, chief growth officer at PSCU , one of the country’s premier credit union service organizations (CUSOs). More specifically, the two new hires will help PSCU offer more strategic consulting services for credit unions.

Credit Union 62

Credit Union Credit Union Service Organization Credit Cards Consulting 62

PYMNTS

FEBRUARY 10, 2017

Krebs noted that the first mention of the breach came from a Credit Union Service Organization (CUSO) called PSCU , which sent out a non-public alert to the 800 credit union member banks it serves advising that it had received a list of compromised card numbers from Mastercard and Visa.

Credit Cards 47

Credit Cards Data Breach Credit Union Service Organization Credit Union 47

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.

Credit Union 47

Credit Union Credit Union Service Organization Contactless Payments NOV 47

PYMNTS

AUGUST 22, 2019

PSCU, one of the nation’s premier Credit Union Service Organizations (CUSO), has named two new account management executives, as part of what the company calls its continued commitment to delivering a best-in-class experience, according to a press release.

Credit Union 46

Credit Union Accounts Credit Union Service Organization Consulting 46

PYMNTS

APRIL 6, 2020

Such solutions could be key to preventing evolving fraud types, according to Jack Lynch, senior vice president and chief risk officer at credit union service organization (CUSO) PSCU.

Credit Union 60

Credit Union Credit Union Service Organization Online and Mobile Banking Authentication 60

PYMNTS

MAY 12, 2020

We can divide financial services into two eras: before the pandemic and after. 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

MARCH 6, 2019

In the March Credit Union Tracker , PYMNTS explores how credit unions (CUs) and credit union service organizations (CUSOs) are working to cater to the unique financial needs of their members, while also focusing on continually combating fraud. Around the Credit Union Landscape.

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Shutdown Governance Government Credit Union 53

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

Disputes 40

Disputes Credit Union Credit Union Service Organization NOV 40

PYMNTS

JUNE 5, 2020

Understanding consumers’ new approaches to commerce can help merchants and FIs cater to customers’ needs during the pandemic and anticipate which behavioral changes may continue into the future,” the Tracker states. Consumers are … rethinking whether they should be paying for goods with cash, credit cards or debit cards.

Debit Card 52

Debit Card Credit Union Service Organization Payments Credit Union 52

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

Consumer 67

Consumer Credit Union Credit Cards Debit Card 67

PYMNTS

AUGUST 29, 2019

Digital payments provider Payveris recently announced a collaboration with VyStar Credit Union to develop an open banking-focused credit union service organization (CUSO). Further innovations in addition to open banking will be necessary if CUs want to continue pushing back against their rivals.

Credit Union 63

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

FICO

MARCH 21, 2017

And now, our cyber score has been selected as one of 5 big ideas to be presented at the National Association of Credit Union Service Organizations (NACUSO) 2017 Network Conference "Next Big Idea Competition.". Why is cyber scoring the next big idea for credit unions? The score is strictly empirical.

Credit Union 45

Credit Union Credit Union Service Organization Breach Risk 45

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 The government is holding feet to the fire over cybersecurity, and credit unions are expected to have the same protections as any bank.

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.

Credit Union 43

Credit Union Credit Union Service Organization Fraud Detection Advisors 43

PYMNTS

MAY 1, 2019

CUs must focus on seamless onboarding processes, enabling customers to quickly access banking services. The relationship with the member will continue to grow from there, he pointed out, providing the CU with a plethora of valuable data.

Credit Union 49

Credit Union Credit Union Service Organization Direct Deposit Debit Card 49

PYMNTS

JUNE 3, 2020

Understanding consumers’ new approaches to commerce can help merchants and financial institutions (FIs) cater to customers’ needs during the pandemic and anticipate which behavioral changes may continue into the future. These numbers and PULSE’s data indicate the prominence of supermarket purchasing as consumers continue to cook at home.

Consumer 55

Consumer Debit Card Credit Cards Credit Union Service Organization 55

PYMNTS

MARCH 23, 2020

“But credit unions have had really record years the last couple of years when capital has built up to where if there are some unfortunate losses that they will take on by doing the right thing, they’re prepared to do that.”. So far, those efforts have remained on time, although that situation is obviously evolving.

Credit Union 52

Credit Union Credit Union Service Organization Shutdown Volume 52

PYMNTS

NOVEMBER 22, 2019

The credit union service organization has already sent half a million contactless cards to members from 14 credit unions through national reissuance — and sees 3 million more cards being issued to more than 100 credit unions next year.

Credit Union 40

Credit Union Credit Union Service Organization Federal Trade Commission Push-to-Card 40

PYMNTS

FEBRUARY 13, 2017

Apart from applying logistics expertise, the new service also promises partners access to better data sets for tracking items, managing inventory and analyzing trends. Moving goods efficiently and reliably is what we do best.

Automation 49

Automation Credit Union Breach Compromise 49