Credit union service organization (CUSO) Velera introduced its Card on File solution that enables cardholders to update payment methods across more than 115 merchants. Card on File solves a key pain point among cardholders by eliminating the need to update their credentials directly in each...
Tomorrow, PYMNTS Intelligence, in collaboration with Velera, will release a groundbreaking report, “Roadmap to 2030: The Seven Strategic Planks for Credit Unions To Capture Top of Mind.” The report will offer a detailed analysis of how credit unions (CUs) can thrive in the highly competitive...
In the financial services market, credit unions (CUs) and financial technology (FinTech) companies are moving from rivals to partners. As consumer demand for seamless banking increases, they are collaborating to improve efficiency and member experiences. Despite challenges like slow decision-making and incompatible systems, a PYMNTS...
Energy Capital Credit Union has expanded its partnership with credit union service organization (CUSO) Velera. Velera had already been providing credit card processing support for Energy Capital (ECCU), and it will now also provide debit card processing, the companies announced Thursday (Dec. 5). “While reviewing its card...
Credit union service organization (CUSO) Velera will provide debit card processing and support to Mississippi-based Keesler Federal Credit Union, which serves 327,000 members in the Southeast. This marks an expansion of a 40-year partnership between the CUSO, which was formerly known as PSCU/Co-op Solutions, and...
“Complexity powers the status quo,” Karen Webster wrote in a recent column. And in financial services — particularly for credit unions — complexity in the back office, and in member-facing interactions, the status quo is no longer acceptable. The constant flow of interactions between consumers,...
Bigger doesn’t always mean better across financial services — especially when it comes to innovation. And as financial technology reshapes the payments industry, even smaller, regional credit unions are finding that they must adapt quickly or risk falling behind. The CFOs of these financial institutions...
Velera and RAI Partners have teamed up to offer credit unions access to solutions that include turn-down programs and portfolio acquisitions. The two credit union service organizations (CUSOs) will work together to provide these RAI Partners offerings, they said in a Wednesday (Oct. 30) press...
Spending on the cards may be slowing, non-revolving debt is still rising, and credit unions — as shown by the Federal Reserve’s latest data on consumer trends — are seeing account balances swell a bit. Which speaks to some of the hallmarks of these smaller...
