Remove Credit Union Service Organization Remove Digital Payments Remove Point-of-Sale (POS)
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For Credit Unions, An Innovation Mantra: ‘Easy Is The New Loyalty’

PYMNTS

There’s also room for growth in mobile payments, and contactless card adoption will likely encourage more frequent use of mobile wallets. Another tailwind for contactless payments comes as people realize that “contactless cards and mobile payments are the ‘healthy way to pay’ during these pandemics,” said Young.

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Anticipating The Consumer Spending Rebound

PYMNTS

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 The Shift In Payments.

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Deep Dive: Why Contactless Payment Innovation Is Key For CUs Amid The Pandemic And Beyond

PYMNTS

It will likely alter global markets and regulations as the financial ecosystem becomes more digitized. Fifty-seven percent of survey respondents in PYMNTS’ How We Shop Report stated that merchants’ digital payment options impact their willingness to shop, and 26 percent insisted that merchants accept contactless card payments.