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Payfinia Receives $4.5 Million from Star One Credit Union to Launch CUSO

Finovate

Payfinia has launched a new Credit Union Service Organization (CUSO) to help credit unions modernize their payments experience. The CUSO is launching in partnership with Star One Credit Union, which invested $4.5 million in the organization. million in the organization. .”

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Credit Unions, CUSOs Fighting Fraudsters

PYMNTS

Credit unions across the country are on high alert for scammers looking to take advantage of members during the pandemic and are stepping up fraud prevention efforts as a result,” according to PYMNTS’ April Credit Union Tracker® done in collaboration with PSCU. This, in turn, helps mitigate fraud.”.

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PSCU Prevented $277M In Credit Union Fraud Last Year

PYMNTS

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 has prevented over $277 million in would-be fraud last year, 30 percent more than in 2018.

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For Credit Unions, Doing The Right Thing Is Also Doing The Smart Thing

PYMNTS

But it is also perhaps a time in which credit unions (CUs) can rise to the occasion, PSCU ’s President and CEO Chuck Fagan told Karen Webster in a recent conversation. It’s a difficult time and an alarming one in many dimensions. But, Fagan noted, there are also opportunities as the world begins to recover from the crisis.

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PSCU Unveils Enhanced Fraud Services To Help Protect Credit

PYMNTS

PSCU , which is billed as the nation's premier credit union service organization (CUSO), has announced its new Enhanced Fraud Services system, which the company said “has helped 10 early adopter credit unions combat fraud of all types, ranging from first-party chargeback fraud to identifying card information being sold on the dark web.”.

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FinovateSpring 2024 Sneak Peek Series: Part 4

Finovate

Credit unions, community banks, credit union service organizations, neobanks, embedded finance companies, and payment service providers with a need for embedded lending. High-street banks, credit unions, community banks, regional banks, challenger banks, fintechs, and digital banking providers.

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PSCU Finalizes Purchase Of Card Issuer Primax

PYMNTS

Payments credit union service organization (CUSO) PSCU has acquired payment solution firm Primax , according to a press release. Primax has been working with designing and providing services for payment card programs for credit unions for 40 years in the U.S. and the Caribbean, the press release adds.