This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
“Creditunions 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 CreditUnion Tracker® done in collaboration with PSCU. ” Phishing, Smishing and the Value of Education .
System breaches similar to events at Equifax and Marriott could just as easily happen to creditunions, leading Mastercard and the creditunionserviceorganization, PSCU, to take protective measures.
Among the most important questions to arise from that general trend is what creditunions must do to take advantage of that opportunity — more specifically, to move from in the wallet to top of wallet. This is a similar investment on the services side.” Without payments, a creditunion goes back to being a savings and loan.”.
The January CreditUnion Tracker® explores the latest development in the creditunion (CU) sector, including an examination of why it is so important for CUs to expedite their digital transformations and how they can help accommodate pandemic-induced challenges. Around The CreditUnion Landscape .
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.
The creditunionserviceorganization (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.
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 How Does Open Banking Help CreditUnions?
As the nation’s premier payments creditunionserviceorganization [CUSO] and a leader in the creditunion industry, PSCU is continuously looking for ways to meet and exceed the expectations of the creditunions we serve,” said Gandre. Denise shares this same commitment, dedication and vision.
CheckAlt , which provides lockbox and treasury management services, has struck a partnership with creditunionserviceorganization (CUSO) Tru Treasury to help creditunions attract new members and boost services, a press release says.
Payments creditunionserviceorganization (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.”
The greatest risk to creditunions and CUSOs today is the loss of your members’ trust and financial safety. Understanding your cyber risk is a critical part of protecting yourself and your members. Why is cyber scoring the next big idea for creditunions? Is cyber scoring the next big idea for creditunions?
PSCU , the creditunionserviceorganization (CUSO), is teaming up with FICO Customer Communications Services (CCS) to develop a fraud alert tool for creditunions (CUs), PSCU said in a statement on Wednesday (Oct. In the firm's contribution to PYMNTS' “ What Did You Change?
But it is also perhaps a time in which creditunions (CUs) can rise to the occasion, PSCU ’s President and CEO Chuck Fagan told Karen Webster in a recent conversation. It certainly could be a risk that we see later this year [and] in the next year,” he said. It’s a difficult time and an alarming one in many dimensions.
PSCU , which is billed as the nation's premier creditunionserviceorganization (CUSO), has announced its new Enhanced Fraud Services system, which the company said “has helped 10 early adopter creditunions combat fraud of all types, ranging from first-party chargeback fraud to identifying card information being sold on the dark web.”.
Creditunions, community banks, creditunionserviceorganizations, neobanks, embedded finance companies, and payment service providers with a need for embedded lending. High-street banks, creditunions, community banks, regional banks, challenger banks, fintechs, and digital banking providers.
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.
Creditunions (CUs) are unique among financial institutions (FIs) for the sense of loyalty they inspire among their members. PYMNTS’ CreditUnion Innovation Index found that 65 percent of such members chose their CUs because they trusted them, for example, with 60.8 Developments From Around the World of CreditUnions.
In the March CreditUnion Tracker , PYMNTS explores how creditunions (CUs) and creditunionserviceorganizations (CUSOs) are working to cater to the unique financial needs of their members, while also focusing on continually combating fraud. Around the CreditUnion Landscape.
“As creditunions help their members manage through the current COVID-19 crisis, it’s more important than ever for CUSOs like PSCU to partner with creditunions to help them and their members weather the storm of uncertainty,” PSCU EVP and Chief Operating Officer Tom Gandre told PYMNTS.
Payments creditunion PSCU is prepared to handle what they predict will be a rush in 2020 to adopt contactless cards, the company said in a press release on Wednesday (Nov. In 2020, PSCU anticipates distribution of more than three million new contactless cards to 100-plus creditunions.
Creditunions (CUs) remain strong, despite the many challenges they face. 19 Statistical Release, “Consumer Credit,” recently found that CUs hold $64.4 billion in credit card debt and $382.9 Developments From Around The World Of CreditUnions. billion in car loans, a 6.9 percent and 4.1
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
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. Find the full story in the Tracker. Download the Tracker to read more. About The Tracker.
They not only have to battle fellow creditunions and banks, but also newer FinTech players offering wide-ranging innovations that can entice modern consumers. According to the March 2019 edition of PYMNTS’ CreditUnion Innovation Playbook , 57.6
According to reports from cybersecurity expert Brian Krebs, first news of the breach came via a CreditUnionServiceOrganization (CUSO) called PSCU, which sent out a non-public alert to the 800 creditunion member banks it serves advising that it had received a list of compromised card numbers from Mastercard and Visa.
“We are thrilled that the funding will allow us to quickly scale our user base, as well as our service and support teams to drive growth and innovation that this market so desperately needs,” NYMBUS president and CRO, David Mitchell added.
With over 58 percent of customers saying they’re “extremely” satisfied with creditunions (CUs) and nearly six in 10 saying they would stick with their CU even if it didn’t have all the bells and whistles of bank tech that competitors do, the bond between members and CUs remain strong. Innovate or Die’. And Finally, Fraud.
A transformation toward contactless payments is underway at the nation’s creditunions as the public shuns cash and even physical cards to lower infection risks with COVID-19. This change in consumer behavior is expected to remain even after vaccines are more widely distributed. The High Stakes Of Offering Contactless.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content