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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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Branching Out: Physical Locations Boost CUs' Digital Plans

PYMNTS

The December edition of the Credit Union Tracker® explores the space’s latest developments, including how CUs are continuing to go digital and why credit unions’ can no longer afford to take wait-and-see approaches to digital innovation. Around The Credit Union Landscape.

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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.

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PSCU: Consumers Choose Debit As Preferred Payment Amid Coronavirus

PYMNTS

Amid the coronavirus pandemic, PSCU compared transactions of its owner credit union members on a same-store basis between March 2019 and March 2020. The year-over-year increase in debit card drug store transactions came out ahead of credit cards by two times. percent drop. percent decline in transactions and a 22.5

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PSCU To Hold Virtual Member Forum Amid Pandemic

PYMNTS

While staying mindful of our credit unions’ time and current member needs, we have an impressive lineup packed with strategies for sustaining success now and into the future – and we’ll have some fun together as well,” he added. ET each day.

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Credit Unions Doing Cyber-Battle

PYMNTS

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 credit unions—including cybercrooks.

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Debit Leads Payments Preference Parade

PYMNTS

PULSE supports all of these transaction types whether they originate inside a store, in-app or online,” Schroeder said. Learnings and data from prior economic downturns tell us that consumers will prefer debit over credit in uncertain times. It may be most prevalent in grocery payments now, as consumers adjust buying behaviors.