PYMNTS

FEBRUARY 11, 2020

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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Credit Union Credit Union Service Organization Blocks Bots 56

PYMNTS

JANUARY 28, 2021

A transformation toward contactless payments is underway at the nation’s credit unions as the public shuns cash and even physical cards to lower infection risks with COVID-19. This change in consumer behavior is expected to remain even after vaccines are more widely distributed.

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Contactless Payments Credit Union Innovation P2P 74

PYMNTS

AUGUST 28, 2019

That question served as the anchor for a recent PYMNTS discussion between Karen Webster and Brian Scott, chief growth officer at PSCU , one of the country’s premier credit union service organizations (CUSOs). First, credit unions are often too focused on avoiding risk (think delinquencies and similar matters).

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Credit Union Credit Union Service Organization Credit Cards Consulting 62

PYMNTS

JULY 15, 2020

CheckAlt , which provides lockbox and treasury management services, has struck a partnership with credit union service organization (CUSO) Tru Treasury to help credit unions attract new members and boost services, a press release says.

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Credit Union Treasury Reconciliation Credit Union Service Organization 52

PYMNTS

DECEMBER 5, 2019

Credit union service organization CULedger has debuted its financial exchange for credit unions using R3’s Corda blockchain technology, the firms said in a press release Thursday (Dec. Now, the technology is ready with a visible proof-of-concept, reports said.

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Credit Union Cross-Border Payments Cross-Border Credit Union Service Organization 52

PYMNTS

SEPTEMBER 9, 2020

Debit transactions are on the rise, with credit union service organization PSCU finding that the value of payments made with debit cards rose 18 percent year over year between June 29 and July 5. Around The Next-Gen Debit World. Find the full story in the Tracker. Download the Tracker to read more. About The Tracker.

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Debit Card Credit Union Service Organization Point-of-Sale (POS) Contactless Payments 64

PYMNTS

NOVEMBER 20, 2019

Payments credit union 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 credit unions.

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Credit Union Credit Union Service Organization Contactless Payments NOV 47

FICO

MARCH 21, 2017

The greatest risk to credit unions and CUSOs today is the loss of your members’ trust and financial safety. Understanding your cyber risk is a critical part of protecting yourself and your members. Why is cyber scoring the next big idea for credit unions? Can your institution survive a cyber breach?

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Credit Union Credit Union Service Organization Breach Risk 45

PYMNTS

APRIL 6, 2020

Such solutions could be key to preventing evolving fraud types, according to Jack Lynch, senior vice president and chief risk officer at credit union service organization (CUSO) PSCU.

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Credit Union Credit Union Service Organization Online and Mobile Banking Authentication 60

PYMNTS

APRIL 30, 2020

Credit union service organization PSCU is also among those adding new features to help make remote life easier for CUs and their members. The company has plans to further enhance its mobile services, including support for online card management tools according to a recent press release.

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Credit Union Phishing Credit Union Service Organization Online and Mobile Banking 75

PYMNTS

NOVEMBER 4, 2019

PSCU, a national payments credit union service organization, is teaming up with dispute management firm Lean Industries to process disputes, PSCU announced in a press release on Monday (Nov. The company will leverage Lean Industries’ AdjustmentHub and NetworkHub solutions to manage dispute services. “As

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Disputes Credit Union Credit Union Service Organization NOV 40

PYMNTS

APRIL 23, 2020

Additionally, having policies and business continuity plans for key partners is imperative, as is assessing key vendors that may be located in high-risk areas to ensure the availability of readily sourced alternatives.

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Credit Union Credit Union Service Organization Business Continuity Fraud Detection 63

PYMNTS

OCTOBER 28, 2020

PSCU , the credit union service organization (CUSO), is teaming up with FICO Customer Communications Services (CCS) to develop a fraud alert tool for credit unions (CUs), PSCU said in a statement on Wednesday (Oct.

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Credit Union Credit Union Service Organization Fraud Detection Advisors 43

PYMNTS

NOVEMBER 25, 2019

Technology companies are supplying them with the products and services their members desire, working with both individual CUs and credit union service organizations (CUSOs) to develop case management platforms, modernize systems and provide advanced loan software.

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Credit Union Cybersecurity Credit Union Service Organization Fincen 61

PYMNTS

AUGUST 29, 2019

These details need to be unencrypted for third parties to use them, meaning they are at a constant risk of theft. Digital payments provider Payveris recently announced a collaboration with VyStar Credit Union to develop an open banking-focused credit union service organization (CUSO).

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Credit Union Payment APIs and Integration API Credit Union Service Organization 63

PYMNTS

DECEMBER 23, 2019

Credit union service organization (CUSO) CULedger is partnering with digital credential provider Autonomous Lending to offer next-gen digital credentials to its partner CUs. The initiative removes friction and reduces fraud risk when members apply for loans, also reducing the potential for human-based errors.

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Credit Union Credit Union Service Organization Credential Regulations 52

PYMNTS

MARCH 23, 2020

The challenges in mitigating a disaster, particularly one like COVID-19 — the disease caused by the coronavirus, which is novel and thus unprecedented — is there is no standard rulebook to turn to when assessing risk. It certainly could be a risk that we see later this year [and] in the next year,” he said.

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Credit Union Credit Union Service Organization Shutdown Volume 52

PYMNTS

MAY 1, 2019

BECU’s NPS data plays a key role in determining if customers are considering leaving — Passives and Detractors are considered flight risks. “If The best defense against member attrition, according to Knollenberg, is to team up with other CUs to form credit union service organizations (CUSOs).

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Credit Union Credit Union Service Organization Direct Deposit Debit Card 49

PYMNTS

FEBRUARY 13, 2017

According to reports from cybersecurity expert Brian Krebs, first news of the breach came via a Credit Union Service Organization (CUSO) called PSCU, which sent out a non-public alert to the 800 credit union member banks it serves advising that it had received a list of compromised card numbers from Mastercard and Visa.

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Automation Credit Union Breach Compromise 49

Fintech Labs Insights

AUGUST 15, 2016

“We are thrilled that the funding will allow us to quickly scale our user base, as well as our service and support teams to drive growth and innovation that this market so desperately needs,” NYMBUS president and CRO, David Mitchell added.

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Credit Union Credit Union Service Organization Innovation API 15

PYMNTS

MARCH 6, 2019

In the March Credit Union Tracker , PYMNTS explores how credit unions (CUs) and credit union service organizations (CUSOs) are working to cater to the unique financial needs of their members, while also focusing on continually combating fraud. Around the Credit Union Landscape.

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