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Krebs noted that the first mention of the breach came from a CreditUnionServiceOrganization (CUSO) called PSCU , which sent out a non-public alert to the 800 creditunion member banks it serves advising that it had received a list of compromised card numbers from Mastercard and Visa.
After rumors of decline, CUs kicked off the roaring 2020s with higher metrics across the board – mortgage loans up by a staggering 81 percent, loan originations up almost 30 percent year over year, and non-real estate loans up by double digits. Seems that everybody likes creditunions—including cybercrooks. The Trust Factor.
Payments creditunion 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 creditunions.
As COVID-19, the disease caused by the coronavirus , ravages the economy, and millions of Americans shelter in place to figure out their next financial moves amid layoffs and volatile markets, creditunions (CUs) have a role to play — particularly in the battle against fraudsters who would prey upon CU members at this most vulnerable moment.
Creditunionserviceorganization (CUSO) PSCU reported that, among its members’ customers, debit spending at grocery stores was up 10 percent year over year for March 17 to March 23. Consumers making in-store purchases largely turned to cash for their non-credit card transactions.
Speaking of responding to feedback… Bank Of America And The Automated Branch. In an attempt to build banking and financial services products for literally everyone, Bank of America is experimenting with a fully automated branch design. “I think that is differentiated in the marketplace. BoA is one of many U.S.
The latest PYMNTS CreditUnion Tracker™ , powered by CO-OP Financial Services, features news on the latest regulation changes facing the creditunion market, along with recent partnerships and innovations that are changing how creditunions conduct their lending practices.
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