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Payments creditunionserviceorganization (CUSO) PSCU reported 11.4 percent year-over-year debit and credit overall same-store sales volume growth among its owner creditunions over the 2020 holiday season, according to a press release emailed to PYMNTS.
A new report from payments creditunionserviceorganization PSCU revealed that its owner creditunions saw banner results from the promotional programs offered through PSCU’s Advisors Plus during the two-day shopping event.
As the coronavirus pandemic continues to disrupt personal finances, a study by creditunionserviceorganization (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. Credit card spending was down 27.5
Amid the coronavirus pandemic, PSCU compared transactions of its owner creditunion members on a same-store basis between March 2019 and March 2020. Supermarkets/grocery stores experienced the largest rise in spend and transactionvolume. Transaction dollars are higher 41.3 per transaction and 4.9
PSCU , which is known as a premier payments creditsunionserviceorganization (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 creditunions (CUs). Debit sales volume grew by 8.76
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.
Creditunionserviceorganization (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.
Creditunions (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 CreditUnion World.
PYMNTS’ latest Next-Gen Debit Tracker® done in collaboration with PULSE , a Discover company, delves into debit trends like that, exploring options that merchants and their payments tech partners are using to keeping volume up as the economy reopens. It may be most prevalent in grocery payments now, as consumers adjust buying behaviors.
PSCU, a national payments creditunionserviceorganization, 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
A new decade — and for creditunions (CUs), might this be the decade of data as a conduit of trust, a way to cement customer loyalty? The focus is on helping creditunions improve and enhance engagement with their members. we’re still in the early stages.” However, that won’t be the sole driver, she cautioned.
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. The volume of grocery purchases made over PULSE’s debit network was 25 percent higher than usual during March 17 to March 24, for example.
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