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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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CheckAlt, NXTsoft Partner To Boost Real-Time Integrations

PYMNTS

With the NXTsoft OmniConnect Marketplace, we are set to reshape the way financial institutions engage with digital banking technology providers to deliver on the growing demand for contactless and real-time payment solutions,” he said, according to the release.

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CUs Use AI, Cloud-Based Tools To Drive Member Engagement

PYMNTS

Around The Credit Union Landscape . President and CEO Chuck Fagan of credit union service organization PSCU said that while financial institutions (FIs) had forecast returns on assets (ROAs) would fall to 30 basis points in the new year, CUs have told him they are gaining confidence regardless.

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PSCU Study Shows Overall Spending Down Amid Coronavirus Pandemic

PYMNTS

As the coronavirus pandemic continues to disrupt personal finances, a study by credit union service organization (CUSO) PSCU shows that overall credit card spending is down 29 percent for the week ending April 5, compared to the same period in 2019. In these states, credit card spending was down 32.1

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Affinity Federal Credit Union On The Importance Of Accelerating Digital Transformations

PYMNTS

Credit unions (CUs) and other financial institutions (FIs) across the country have made leaps and bounds in their efforts to digitize services in recent years to meet an already-growing consumer demand. Headquarters Federal Credit Union, created to serve its employees. Embarking On A Digital Transformation.

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Old School, New School: TCU Pairs AI And Outreach To Personalize Members’ Experiences

PYMNTS

Avoiding stagnation and competing with other financial providers means that they must invest in new digital technologies and solutions in addition to playing to their traditional strengths, such as low rates and exceptional customer service. Around the Credit Union World. About the Tracker.

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Today In Digital-First Banking: Sea Purchases Indonesian Bank BKE; PSCU Extends Partnership With Fiserv

PYMNTS

In today’s top digital-first banking news, Singapore tech startup Sea has reportedly bought Indonesia’s PT Bank Kesejahteraan Ekonomi (Bank BKE), while credit union service organization (CUSO) PSCU has lengthened its payment processing collaboration with Fiserv. Singapore Tech Startup Sea Buys Indonesian Bank BKE.