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PSCU Extends Payment Processing Collaboration With Fiserv

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FinTech credit union service organization (CUSO) PSCU said Wednesday (Jan. PSCU has grown from a transaction processing service reseller to a FinTech provider serving credit unions (CUs) and their members since the start of that partnership over three decades ago, according to the announcement.

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Preparing For Unprecedented Times

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In response to the pandemic, we activated both our Business Continuity Plan (BCP) and Pandemic Response Plan (PRP), and we continue to take proactive steps in accordance with the procedures outlined in each, quickly adapting them to support an ever-changing environment.

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Deep Dive: How Open Banking Can Help Credit Unions Succeed

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Open banking is typically achieved via application programming interfaces (APIs) that allow third-party developers to create tools based on the specific services and information FIs offer, ensuring they are compatible with other banks’ procedures.

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Credit Unions Doing Cyber-Battle

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Reading the February 2020 Credit Union Tracker ® done in collaboration with PSCU , we discover that Canadian credit union Desjardins Group was hacked , impacting the records of 4.2 million individual and business members in 2019. They were not alone in 2019, a year when cybertheft records were set.