PYMNTS

JULY 25, 2019

A new report from payments credit union service organization PSCU revealed that its owner credit unions saw banner results from the promotional programs offered through PSCU’s Advisors Plus during the two-day shopping event.

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PYMNTS

APRIL 13, 2020

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. Debit card spending is down 12 percent for the same period.

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Credit Union Service Organization Debit Card Credit Union Credit Cards 56

PYMNTS

APRIL 27, 2020

Credit union service organization (CUSO) PSCU compared the week ending April 19, 2020, to the same time frame in 2019 to discover what impact the coronavirus is having on consumer spending and shopping trends. People spent more money on consumer goods, with a 20 percent increase in debit card transactions.

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PYMNTS

MARCH 30, 2020

Amid the coronavirus pandemic, PSCU compared transactions of its owner credit union members on a same-store basis between March 2019 and March 2020. Supermarkets/grocery stores experienced the largest rise in spend and transaction volume. Transaction dollars are higher 41.3 percent decline in transactions and a 22.5

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PYMNTS

JANUARY 14, 2021

Payments credit union service organization (CUSO) PSCU reported 11.4 percent year-over-year debit and credit overall same-store sales volume growth among its owner credit unions over the 2020 holiday season, according to a press release emailed to PYMNTS. Debit contactless transactions expanded to 17.1

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Volume Credit Union Credit Union Service Organization NOV 62

PYMNTS

NOVEMBER 19, 2020

Alabama-based digital experience platform provider DeepTarget , for example, released several machine learning (ML) algorithms designed to help CUs and community financial institutions (FIs) boost customer service, process more transactions and open more accounts.

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Credit Union AI Credit Union Service Organization Authentication 91

Finovate

APRIL 18, 2024

Features Utilizes a robust cloud-based Loan Management System Delivers reliable, scalable, and proven BNPL capability Offers a comprehensive front-to-back solution covering all lending and BNPL transactions Provides post-purchase financing Who’s it for?

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Credit Union Credit Union Service Organization BNPL Community Banks 59

PYMNTS

JANUARY 13, 2021

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. billion transactions annually.

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Credit Union Service Organization Credit Union eWallet Contactless Payments 56

PYMNTS

FEBRUARY 6, 2020

PSCU , which is known as a premier payments credits union service organization (CUSO), reported significantly higher year-over-year growth than expected during the holidays, with a 7.86 percent increase in debit and credit sales among its owner credit unions (CUs). Debit sales volume grew by 8.76

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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 is also “committed to preserving the member experience and ensuring successful transactions at the point of sale.”.

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Credit Union Credit Union Service Organization Blocks Bots 56

PYMNTS

SEPTEMBER 9, 2020

It also examines how merchants and financial institutions (FIs) are responding and working to enable easy contactless and online purchasing while keeping such card-not-present (CNP) transactions safe. Around The Next-Gen Debit World.

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

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. The EFT option aims to boost transparency from the beginning to the end of a transaction, the announcement noted.

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PYMNTS

MAY 18, 2020

Credit union service organization (CUSO) PSCU compared the 19 th week of 2020, which concluded on May 10, to the same timeframe in 2019 to discover the impact of the pandemic on consumer spending and shopping trends. percent year over year, and the volume of overall debit transactions grew for the sixth consecutive week.

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PYMNTS

JUNE 30, 2020

Payments credit union service organization (CUSO) PSCU has acquired payment solution firm Primax , according to a press release. PSCU president and CEO Chuck Fagan said PSCU and Primax shared many of the same values.

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PYMNTS

APRIL 30, 2020

Credit unions (CUs) have had to shutter many of their branches or limit capacity alongside other financial institutions (FIs) to protect members and staff as the COVID-19 virus continues on. Around The Credit Union World.

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PYMNTS

APRIL 21, 2020

Credit union service organization PSCU has updated its weekly transaction analysis from Owner credit union members to reflect the impact of the coronavirus, finding that credit spending overall was down 32 percent while debit spending was down 11 percent. percent drop in credit and a 7.4

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PYMNTS

APRIL 21, 2020

In an interview with Karen Webster, Chuck Fagan, president and CEO of PSCU , a credit union service organization (CUSO), said that the impact to consumer spending will be prolonged, but the recovery will be swift and sharp — depending on where you look. Overall credit card spend was down 29.9

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Consumer Credit Union Credit Cards Debit Card 67

PYMNTS

AUGUST 28, 2019

Among the most exciting trends of the last two decades is the evolution of payments from a focus on transactions to a strategic driver of revenue and growth. The announcement goes beyond the actual people involved, as he addressed the broader issues facing credit unions at the dawn of a new decade.

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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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PYMNTS

MARCH 30, 2020

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, credit unions (CUs) have a role to play — particularly in the battle against fraudsters who would prey upon CU members at this most vulnerable moment.

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PYMNTS

SEPTEMBER 30, 2020

Credit products often carry debt and fees, and consumers are generally less inclined to use such solutions when they are on uneven financial footing.”. Strategies that cater to mobile experiences and payments preference are likely to win over more traditional options. percent to nearly 10 percent of card-present activity.

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Credit Union Credit Union Service Organization Issuers Credit Cards 56

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. And something will need to be done about that paucity of banking apps among U.S.

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

PYMNTS

DECEMBER 11, 2019

His comments came in the wake of findings by credit union service organizations that a rush to adopt contactless cards is likely to come in 2020 and beyond. PSCU said it has rolled out a half-million contactless cards to members from 14 credit unions (CUs).

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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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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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PYMNTS

JUNE 5, 2020

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 shows there’s life for credit, and there’s power for merchants in offering payments choice.

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Debit Card Credit Union Service Organization Payments Credit Union 52

PYMNTS

MAY 12, 2020

He noted that the digital issuance of cards can help consumers keep transacting without interruption, as they can provision new account details within their mobile apps in minutes as opposed to waiting several days to get a plastic card in the mail.

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Credit Union Innovation Credit Union Service Organization Point-of-Sale (POS) 64

PYMNTS

AUGUST 29, 2019

One particularly large push comes from the European Union, where the revised Payment Services Directive (PSD2) requires all of the region’s banks to provide each other access to transaction data and account information.

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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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PYMNTS

JANUARY 16, 2020

A new decade — and for credit unions (CUs), might this be the decade of data as a conduit of trust, a way to cement customer loyalty? The focus is on helping credit unions improve and enhance engagement with their members. we’re still in the early stages.” However, that won’t be the sole driver, she cautioned.

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Credit Union Instant Payments Real Time Payments Credit Union Service Organization 55

PYMNTS

NOVEMBER 22, 2019

The credit union service organization has already sent half a million contactless cards to members from 14 credit unions through national reissuance — and sees 3 million more cards being issued to more than 100 credit unions next year.

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PYMNTS

JUNE 3, 2020

The COVID-19 pandemic and safety measures taken to slow the virus’s spread have overturned consumers’ daily lives, including what they are buying and which payment methods they are using to transact. One recent report from data analytics company NPD Group found that the share of all in-store purchases made with credit cards has risen 3.4

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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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