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Payfinia Receives $4.5 Million from Star One Credit Union to Launch CUSO

Finovate

Payfinia has launched a new Credit Union Service Organization (CUSO) to help credit unions modernize their payments experience. The CUSO is launching in partnership with Star One Credit Union, which invested $4.5 million in the organization. million in the organization.

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Mastercard, PSCU tackle breach risk at credit unions

Payments Source

System breaches similar to events at Equifax and Marriott could just as easily happen to credit unions, leading Mastercard and the credit union service organization, PSCU, to take protective measures.

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Credit Unions, CUSOs Fighting Fraudsters

PYMNTS

Credit unions across the country are on high alert for scammers looking to take advantage of members during the pandemic and are stepping up fraud prevention efforts as a result,” according to PYMNTS’ April Credit Union Tracker® done in collaboration with PSCU.

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PSCU Unveils Enhanced Fraud Services To Help Protect Credit

PYMNTS

PSCU , which is billed as the nation's premier credit union service organization (CUSO), has announced its new Enhanced Fraud Services system, which the company said “has helped 10 early adopter credit unions combat fraud of all types, ranging from first-party chargeback fraud to identifying card information being sold on the dark web.”.

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PSCU Prevented $277M In Credit Union Fraud Last Year

PYMNTS

PSCU has prevented over $277 million in would-be fraud last year, 30 percent more than in 2018. 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.

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PenFed’s Playbook On Helping Government Workers Survive Shutdowns

PYMNTS

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.