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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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Credit Unions, CUSOs Fighting Fraudsters

PYMNTS

This, in turn, helps mitigate fraud.”. Delivering more robust analytics for predictive modeling as well as [continually investing in and deploying] multilayered fraud mitigation tools helps identify spending trends and fight fraud.” Financial institutions should leverage data analytics to their benefit.

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FinovateSpring 2024 Sneak Peek Series: Part 4

Finovate

Credit unions, community banks, credit union service organizations, neobanks, embedded finance companies, and payment service providers with a need for embedded lending. Banks, credit unions, payment providers, and SMBs.

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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 Finalizes Purchase Of Card Issuer Primax

PYMNTS

Payments credit union service organization (CUSO) PSCU has acquired payment solution firm Primax , according to a press release. PSCU president and CEO Chuck Fagan said PSCU and Primax shared many of the same values. Primax president and CEO Ted Keith Jr.

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PSCU Prevented $277M In Credit Union Fraud Last Year

PYMNTS

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

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Preparing For Unprecedented Times

PYMNTS

This is imperative to mitigating impact. Our well-orchestrated vendor management program and strong supply chain provide our credit unions with confidence in our ability to serve them in their greatest times of need.