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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 transaction volume. percent drop. Transaction dollars are higher 41.3
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
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.
Debit transactions are on the rise, with creditunionserviceorganization 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.
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. Creditunionserviceorganization PSCU is also among those adding new features to help make remote life easier for CUs and their members.
In crisis situations like these, it is important to know in advance which employees are capable of working remotely and to verify that their systems can handle typical volume. Solid Foundation of Support.
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
“But creditunions have had really record years the last couple of years when capital has built up to where if there are some unfortunate losses that they will take on by doing the right thing, they’re prepared to do that.”.
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. However, that won’t be the sole driver, she cautioned.
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. PULSE noted that grocery purchasing volume declined during the week of April 3 to only 15 percent higher than typical levels. percent higher than PSCU had seen during the same period in 2019.
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