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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.
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. Purchases between Nov. percent to 5.2
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. Digital banking efforts were once only realistic for the most deep-pocketed of traditional FIs.
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’s a difficult time and an alarming one in many dimensions. It certainly could be a risk that we see later this year [and] in the next year,” he said.
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.
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
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
“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. Solid Foundation of Support.
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. The average credit card grocery transaction is higher by $11.41 percent drop.
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
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.
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.
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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