Utilities Employees Credit Union (UECU) has selected Velera to provide debit and credit card processing services and support. Velera, which is a payments credit union service organization (CUSO) and integrated financial technology solutions provider, will begin providing those services for UECU in October, the companies...
Regardless of a credit union’s size, members expect digital-first capabilities that can compete with what for-profit financial institutions (FIs) offer. While many CUs are rising to the innovation challenge, there are differences across the CU landscape. To measure CUs’ current and planned innovations, PYMNTS Intelligence...
As Generation Z comes into its own as a demographic sector to be reckoned with, financial institutions (FIs) of all stripes are eager to win their business. Credit unions (CUs) are especially enthusiastic: 95% of CUs tell PYMNTS intelligence they are now focused on boosting...
A key objective among FinTechs is to innovate new products that extend their brand reputation and market reach. For example, FinTechs are expanding their mobile features and capabilities and improving the user experience to retain existing accountholders and attract new customers. Many — but not...
According to PYMNTS Intelligence data, 95% of U.S. credit unions (CUs) are now wooing prospective Gen Z members. However, as “How Credit Union Innovation Can Drive Gen Z Engagement, makes clear, Gen Z consumers are a fickle bunch. In the past year, 42% of Gen...
In an era of rapid technological advancement, there remain certain immutable aspects — particularly for payments. When it comes to the way businesses and consumers transact, speed, security and convenience are far from ever going out of style. As Scott P. Young, senior vice president...
Pidgin and Corelation have teamed to let more credit unions offer members real-time payments. The partnership between real-time payments platform Pidgin and payments processing Fintech Corelation will let credit unions (CUs) access faster payment channels and “embrace real-time payments” based on their operational preferences and their members’ needs,...
In the current economic environment, Generation Z consumers struggle more than older consumers. Nonetheless, they are a growing demographic that financial service providers — including credit unions (CUs) — need to watch. This generation is made up primarily of digital-first consumers who manage and spend...
Maine-based cPort Credit Union has joined the Co-op ATM network offered by Velera, the payments credit union service organization (CUSO) formerly known as PSCU/Co-op Solutions. With the credit union joining the ATM network, cPort members will have access to more than 180 fee-free ATMs in Maine and 32,000 such ATMs nationwide,...