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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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Metallicus and Payfinia bring crypto to credit unions

Finextra

Metallicus, a leader in blockchain technology for financial institutions, has partnered with Payfinia, an instant payments service provider and U.S.

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Velera Partners with Arroweye Solutions

Finovate

Payments credit union service organization (CUSO) Velera has turned to Arroweye Solutions for its dual interface debit and credit card portfolio. The multi-year partnership will provide faster speed to market and change orders, as well as zero inventory to avoid having to manage stores of pre-printed cards.

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Credit Unions Unite Behind Digital Banking

PYMNTS

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. Strong balance sheets in key areas like credit card debt ($64.4 billion), car loans ($382.9

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CULedger Debuts Credit Union Payments Exchange

PYMNTS

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.

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Credit Unions Place Big Bet On Biometrics

PYMNTS

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. Eyeing Instant Payments. we’re still in the early stages.”

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Deep Dive: How Open Banking Can Help Credit Unions Succeed

PYMNTS

Data from PYMNTS’ Credit Union Innovation Index found that 60.8 percent of members would not leave their credit unions (CUs) for different financial institutions that offered the same services. percent desiring instant payments innovations. Members do see room for improvement, however, with 42.4