PYMNTS

FEBRUARY 17, 2020

Credit unions (CUs) have a bit of asymmetry in their relationships with their customers. On one hand, as PYMNTS data shows , customers very much like their credit unions, and are loyal to them. The historical focus of credit unions has been consumer lending , with a focus on providing the lowest rates to customers.

Credit Union 73

Credit Union Consumer Credit Cards Product 73

Finovate

DECEMBER 13, 2023

Payments solutions company Allied Payment Network has partnered with MY CREDIT UNION of Bloomington, Minnesota. The partnership will integrate Allied’s payment technology with the credit union’s Ultracs digital banking platform. billion in payment volume. In 2022, the company processed $3.6

Credit Union 64

Credit Union Payment Networks Online and Mobile Banking Funds Transfer 64

PYMNTS

JANUARY 16, 2020

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.

Credit Union 55

Credit Union Instant Payments Real Time Payments Credit Union Service Organization 55

PYMNTS

JANUARY 24, 2019

Zelle’s operator, Early Warning Services, reported a Q4 payment volume of $35 billion, which is up 12 percent from Q3 and 61 percent from a year before. Zelle has outperformed Venmo with volume, but not with PayPal’s branded money transfers. Also, 135 million transactions were processed during that same time.

Zelle 69

Zelle Volume Process Venmo 69

Payments Source

NOVEMBER 26, 2018

A year after its launch, Zelle’s P2P payment volume has rapidly expanded through usage at the nation’s largest banks. But enabling smaller institutions to offer it to their customers is proving to be more challenging.

Credit Union 87

Credit Union Zelle P2P Volume 87

PYMNTS

OCTOBER 11, 2018

Credit unions can be easy to overlook and underestimate — individually, they generally don’t have a massive amount of assets, their membership bases are often pretty small and more localized, and on average their rate of credit card penetration among members is pretty small: 15 to 17 percent on average. The Member Experience.

Credit Union 56

Credit Union Fraud Detection Online and Mobile Banking Account Takeovers 56

PYMNTS

JANUARY 14, 2021

Payments credit union service organization (CUSO) PSCU reported 11.4 percent year-over-year debit and credit overall same-store sales volume growth among its owner credit unions over the 2020 holiday season, according to a press release emailed to PYMNTS. percent for credit, coming out far above the 3.6

Volume 62

Volume Credit Union Credit Union Service Organization NOV 62

FICO

NOVEMBER 20, 2020

According to research from Equifax, the 2008 recession had an unexpected and interesting effect on credit unions. While market volume was down across the board in auto loan and bank card originations: Credit unions increased their market share by about 15% in auto loan origination. said the long manual process.

Credit Union 52

Credit Union Best Practices Origination Volume 52

Finovate

APRIL 17, 2025

Banks, credit unions, and fintechs. Mid-market businesses with high transactional volume. Community banks, credit unions, and regional banks. Banks, credit unions, and lenders. Who’s it for? Tavant Tavant’s LO.ai Features Provides a complete regulatory compliant solution LO.ai

Payment APIs and Integration 52

Payment APIs and Integration Credit Union API Privacy 52

PYMNTS

OCTOBER 20, 2020

The pandemic may still be forcing financial institutions (FIs) to confront the new digital reality — but opportunities abound for credit unions to engage with members who are, just now, growing a bit more positive about spending money again. Stepping Up On Credit .

Credit Union 107

Credit Union Online and Mobile Banking Push-to-Card Debit Card 107

Finovate

JANUARY 28, 2025

Banks, credit unions, payment providers, and fintechs. Banks, credit unions, fintechs, lenders, and credit builders. Arva AI Arva AI offers AI-enabled business verification for banks and fintechs. Financial institutions of any size, ranging from large multinational banks to smaller regional players.

Credit Union 52

Credit Union Online and Mobile Banking Fraud Detection AI 52

PYMNTS

MAY 22, 2020

For credit unions (CUs), the shift to digital banking is here — and depending on how you look at it, the pivot, by necessity, took only a few months. Despite the fact that volumes are rebounding across debit and credit, CUs may be in for a bit of a bumpy ride, at least through the remainder of the year. Looking Ahead.

Credit Union 105

Credit Union Remote Deposit Capture Volume Push-to-Card 105

PYMNTS

MAY 27, 2020

The COVID-19 pandemic is accelerating the pace of digital innovation across the financial sector, and credit unions (CUs) are no exception. The Credit Union Tracker® , done in collaboration with PSCU , is the go-to monthly resource for updates on trends and changes in the credit union industry.

ATM 97

ATM Innovation Credit Union Mobile Banking 97

PYMNTS

AUGUST 24, 2020

One FI deploying ITMs on a wide scale is Tennessee-based Ascend Federal Credit Union , which first began this initiative in 2014. Its 200,000 members have been enjoying a range of improved services ever since, according to the credit union’s (CU’s) senior vice president of administration, Jason Powers.

Credit Union 61

Credit Union ATM Identity Theft Security 61

PYMNTS

MARCH 23, 2020

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. It certainly could be a risk that we see later this year [and] in the next year,” he said.

Credit Union 52

Credit Union Credit Union Service Organization Shutdown Volume 52

PYMNTS

NOVEMBER 26, 2019

Meeting customers’ expectations and desires is a key goal for all enterprises, and credit unions (CUs) are no exception. PYMNTS’ Credit Union Innovation Index found that CU members may not prioritize the latest technologies as much as bank and FinTech customers do, but they still value easy-to-use mobile apps and online capabilities.

Credit Union 52

Credit Union On-Demand Push-to-Card Privacy 52

Tearsheet

JANUARY 28, 2025

This came with a 27% increase in transaction volume YOY for the firm, showing how quickly the Zelle network is expanding. We connect more than 2,200 banks and credit unions, and we are engaging with financial institutions every day to grow that number. Were proud that we have banks of all sizes on our network.

Zelle 52

Zelle Transactions Credit Union P2P 52

Fintech Finance

JULY 10, 2024

In Q2, payment volume grew 7% while overall payment value jumped 30% on the RTP network, as businesses and corporations increased the number of higher-value payments sent on the system as they leveraged instant payments for cash concentration. “The RTP Network Records: Second Quarter 2024 Single Day Value: $1.1

RTP 96

RTP Instant Payments Credit Union Volume 96

Fintech Finance

AUGUST 15, 2024

So far, over 1,000 banks and credit unions have signed on with either the RTP or FedNow networks, or both, and instant payment volume continues to grow. Today, Modern Treasury’s customers move over $1 billion in instant payments volume annually. is growing.

Instant Payments 105

Instant Payments Treasury RFP RTP 105

Stax

MARCH 27, 2025

To choose the right payment method, consider transaction volume, transfer speed, cost, and security. Interconnecting 10,000 US banks and credit unions, this network continues to receive high demand. There are two ACH categories based on who has control over the payment: ACH credit or ACH debit. In 2024, it processed 1.2

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wires 88

PYMNTS

SEPTEMBER 24, 2020

smaller community banks and credit unions (CUs) stepped up to the plate and, according to the Small Business Association (SBA), ended up facilitating more than half of PPP loan volume to SMBs. That's good news for community banks and credit unions, which could see a wave of new SMB customers and members in the coming months.

Credit Union 77

Credit Union Small Business Community Banks Volume 77

PYMNTS

APRIL 30, 2020

Credit unions (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 Credit Union World.

Credit Union 75

Credit Union Phishing Credit Union Service Organization Online and Mobile Banking 75

Fintech Finance

OCTOBER 17, 2024

Transaction volume on Zelle increased by 27% year-over-year to over 1.7 Early Warning Services , LLC., billion transactions sent by individuals and small businesses across the network. Highlights: Zelle helped consumers and small businesses move nearly half a trillion dollars in the first half of 2024. Zelle users sent $1.8

Zelle 97

Zelle Scams Small Business Enrollments 97

Stax

NOVEMBER 13, 2024

Banks simply pay for the use of the network, but this fee does not vary by transaction volume. When to Use ACH Credit vs. ACH Debit Payments Choosing between ACH credit and ACH debit transactions depends on the nature of the payment and the control that either the payer or payee wishes to have. Are ACH Transactions Secure?

ACH 88

ACH ACH Network Payer Payee 88

The Fintech Times

APRIL 24, 2025

BrightStar Credit Union (BSCU) is teaming up with fintech firm Jack Henry to leverage itsSymitar platform and complementary products to support BSCU’s growth and deliver better member experiences. Through the partnership,the credit union is shifting to a private cloud environment.

FinTech 59

FinTech Cross-Border Payment APIs and Integration Multi-Currency 59

PYMNTS

MAY 1, 2019

The company said gross dollar volumes were up 12 percent to nearly $1.5 Drilling down into the gross dollar volumes, the company said United States volume was up 8 percent to $451 billion, outpaced by international growth, which was up 13 percent to $1 trillion. billion, better than the $3.8 billion that had been expected.

Volume 49

Volume Visa Cross-Border Credit Union 49

PYMNTS

OCTOBER 1, 2018

According to a report in Reuters , citing the companies, the three clients that are using xRapid at the launch are Cuallix, Mercury FX and Catalyst Corporate Federal Credit Union. xRapid uses XRP to make faster cross-border payments.

Cross-Border Payments 76

Cross-Border Payments Cross-Border Credit Union Cryptocurrency 76

PYMNTS

APRIL 23, 2020

“As credit unions help their members manage through the current COVID-19 crisis, it’s more important than ever for CUSOs like PSCU to partner with credit unions 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.

Credit Union 63

Credit Union Credit Union Service Organization Business Continuity Fraud Detection 63

PYMNTS

DECEMBER 4, 2019

Jack Henry & Associates has announced the launch of iPay CardPay, which enables its banks and credit unions “to provide near-real-time, card-funded bill payments using credit and debit cards as an alternative funding option,” according to a press release.

Credit Union 52

Credit Union Debit Card Near Real-Time Credit Cards 52

Finovate

JULY 9, 2024

A partnership between data intelligence business Curinos and brand experience company Adrenaline will help banks and credit unions leverage data to make better decisions. In April, the company announced a partnership with mortgage pricing technology firm Lender Price and reported that Achieva Credit Union ($2.8

Credit Union 59

Credit Union Community Banks AI Volume 59

Bank Automation

OCTOBER 4, 2024

As real-time payments become integral to growth strategies, small financial institutions are increasingly signing on with instant payment rail FedNow to boost transaction volume and improve efficiency.

FedNow 52

FedNow Federal Reserve Credit Union Real Time Payments 52

PYMNTS

SEPTEMBER 13, 2016

Along with that growth in card numbers, said the firm, purchase transactions and volumes are also on the upswing. In a press release detailing the survey results, Entrust Datacard noted that instant issuance technologies were first adopted by smaller banks and credit unions almost a decade-and-a-half ago.

Card Issuer 69

Card Issuer Debit Card EMV Issuers 69

FICO

JULY 12, 2016

Harborstone Credit Union has managed to increase its small business loan volume by 250%—with no delinquencies—since deployment two years ago. Based in Tacoma, Washington, Harborstone Credit Union serves more than 75,000 consumer and small business accounts through its 16 branches.

Small Business 61

Small Business Credit Union Due Diligence Volume 61

PYMNTS

FEBRUARY 6, 2020

PSCU , which is known as a premier payments credits union service organization (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 credit unions (CUs). Debit sales volume grew by 8.76

Credit Union 52

Credit Union Credit Union Service Organization Debit Transaction PayPal 52

PYMNTS

OCTOBER 25, 2020

The technology particularly impacted FIs like community banks, Minority Depository Institutions (MDIs) and Community Development Financial Institutions, which made up around 75 percent of the StreetShares PPP loan forgiveness volume, the release stated. Rockefeller in the release.

Credit Union 64

Credit Union Community Banks Underserved Small Business 64

PYMNTS

JULY 1, 2020

Banks, credit unions and other FIs have responded, proactively or reactively, by assembling complex tech stacks with components that may do the job — but often not very well, and certainly not with anything resembling speed. Cloudy, With A Chance of Innovation.

AI 107

AI Credit Union Volume Technology 107

PYMNTS

MARCH 11, 2020

Making the necessary investments is especially challenging for smaller community banks and credit unions (CUs), Good maintained. Payment volume through smart devices worn on the body (watches, yes, but also other options) may top $500 billion this year, he added. Invisible Payments .

Contactless Payments 103

Contactless Payments Payments Credit Union Processors 103