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Payfinia has launched a new CreditUnionServiceOrganization (CUSO) to help creditunions modernize their payments experience. The CUSO is launching in partnership with Star One CreditUnion, which invested $4.5 million in the organization. million in the organization. .”
These and other 19 th -century proto-cooperatives were the forerunners of today’s creditunion (CU) community. Though the sector is considered healthy and well-managed, creditunions and the CUSOs (creditunionserviceorganizations) that support them with tailored offerings face upheavals in the next couple of years.
Creditunionserviceorganization CULedger has debuted its financial exchange for creditunions using R3’s Corda blockchain technology, the firms said in a press release Thursday (Dec. CUPay was first announced earlier this year in partnership with Luxoft.
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. Eyeing InstantPayments. we’re still in the early stages.”
The market share of creditunions is only a fraction of their larger bank counterparts, but they tend to inspire a greater sense of loyalty among customers. Data from PYMNTS’ CreditUnion Innovation Index found that 60.8 Data from PYMNTS’ CreditUnion Innovation Index found that 60.8
Paymentscreditunionserviceorganization (CUSO) Velera has turned to Arroweye Solutions for its dual interface debit and credit card portfolio. “We view Arroweye as a true financial services partner and look forward to integrating their suite of capabilities into our core offering.”
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