Remove Credit Union Remove Credit Union Service Organization Remove Debit Card
article thumbnail

PSCU Credit Unions See Boost In Sales During Prime Day

PYMNTS

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.

article thumbnail

NY Fed: Credit Applications, Acceptances Plunge During Pandemic

PYMNTS

Many people began to think long and hard about using credit when they were unsure if they'd have financial stability with the mass layoffs and virus shutdowns. Credit union service organization (CUSO) PSCU noted that there had been a 28.9 percent decrease of credit card spending in April as opposed to a year prior.

article thumbnail

PSCU: Debit Card Spend Growth Above Historic Levels

PYMNTS

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. The average debit card purchase amount rose 19.9 percent year over year.

article thumbnail

Credit Unions Place Big Bet On Biometrics

PYMNTS

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. Digital banking efforts were once only realistic for the most deep-pocketed of traditional FIs.

article thumbnail

PSCU Study Shows Overall Spending Down Amid Coronavirus Pandemic

PYMNTS

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.

article thumbnail

PSCU Says CU Spending Up With Stimulus Funds Arriving

PYMNTS

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.

article thumbnail

Will Contactless Move Credit Union Cards To Top Of Wallet?

PYMNTS

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).