Credit Unions
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Opportunity Fund Teams With CUs For SMB Lending Campaign
Tuesday 5th January - 7:15 pm
Longtime small business microlender Opportunity Fund is teaming up with a trio of credit unions (CUs) as part of the nonprofit’s bid to invest $1 billion in “marginalized businesses” across ...Tracking The Trends That Shaped 2020’s The Digital-First Economy
Friday 1st January - 4:02 am
This year, the PYMNTS data and analytics team published 252 reports that tracked the data, innovations and disruptive thinking that are reshaping the payments and commerce business. The Trackers use ...New Digital Experiences Keep Credit Unions Relevant – And Then Some
Thursday 31st December - 10:30 am
Like their cousins in banking, credit unions (CUs) long enjoyed a relaxed pace of technological change. It was all on their timetable. Consumers waited on financial institutions (FIs) to innovate ...Deep Dive: How Small FIs Use Third Parties, Gradual Integrations To Guide New Payment Rail Adoptions
Thursday 31st December - 9:00 am
The demand for faster payments is growing as companies look for swift, data-rich ways to transact. One study from 2019 found that 54 percent of 120 financial executives listed real-time ...Deep Dive: How Digital Trends Have Defined CUs' Moves In 2020, And How They Will Continue To Do So
Wednesday 30th December - 7:45 am
The ongoing pandemic has forced credit unions to pivot toward digital processes as members and businesses alike tackle more of their banking-related activities remotely. Many CUs found themselves quickly shifting to new solutions and operating ...Looking Ahead With Optimism As Credit Unions Tackle Digital Banking Opportunity
Wednesday 30th December - 4:01 am
As the days in December tick down, one is liable to hear the phrase “a year we will never forget” get thrown around a lot.
The year 2020 is no different ...Coast Capital On Weathering The Pandemic And Planning For The Future
Tuesday 29th December - 8:00 am
Credit unions’ digital shifts will continue in the new year, but physical branches should still factor into CUs’ future plans, says Nancy McNeill, senior vice president of Operations at Coast ...Branching Out: Physical Locations Boost CUs' Digital Plans
Monday 28th December - 4:00 am
Consumers, businesses and financial institutions (FIs) cannot wait to bid adieu to 2020, which has been one of the most trying years in recent memory. The pandemic has cost more ...PSCU CEO: Debit Still Wins With The Resilient Consumer
Tuesday 22nd December - 4:01 am
A year like no other draws to a weary close.
In a year marked by unpredictable events, high unemployment, business closures and, of course, a global pandemic, the U.S. consumer is ...Today In Digital-First Banking: Fiserv To Buy FinTech Ondot Systems; ESL Federal Now Live On RTP Network
Thursday 17th December - 3:24 pm
In today’s top news in digital-first banking, Fiserv has signed a definitive deal to purchase Ondot Systems, while Welcome Technologies has chosen payments credit union service organization (CUSO) PSCU to provide ...Real-Time Payments Go Live At ESL Federal Credit Union
Thursday 17th December - 10:46 am
ESL Federal Credit Union, through a team effort with other organizations, has gone live with real-time payments on the RTP network. ESL has more than 374,000 members and 11,400 businesses ...Credit Unions Revisit Branch Experience In Digital-First Economy
Tuesday 15th December - 4:00 am
The pandemic has brought seismic changes to the way credit unions interact with their members. Digital transformation is among the most noticeable changes, but it doesn’t herald the end of the ...PSCU Debuts Digital Issuance Solution With Push Provisioning To Mobile Wallets
Thursday 10th December - 7:22 pm
PSCU, a payments credit union service organization (CUSO), has rolled out its Digital Issuance solution in an effort to keep bolstering the credit union (CU) member experience, according to a ...Today In Digital-First Banking: Lumin Collaborates With Jax Federal; JPMorgan Predicts Record eCommerce Holiday Season
Monday 7th December - 12:45 pm
In today’s top news in digital-first banking, Lumin Digital is collaborating with Jax Federal Credit Union (JAXFCU), while J.P. Morgan predicts a record eCommerce holiday shopping season. Plus, a new ...Lumin Partners With JAXFCU On Digital Banking Integration
Friday 4th December - 6:00 pm
PSCU company Lumin Digital is partnering with Jax Federal Credit Union (JAXFCU) to provide mobile and online banking services for over 23,000 users, which comprises around 60 percent of JAXFCU’s ...Credit Unions Encouraged To Get Aggressive With Digital Strategies
Friday 4th December - 4:01 am
The 2020 winter holidays are going to be quite a bit different than they’ve ever been.
In fact, the holiday shopping season is already quite a bit different — starting with ...Owner Credit Unions Team Up With PSCU For $150K In Donations
Thursday 3rd December - 10:44 am
The credit union service organization (CUSO) PSCU has teamed up with owner credit unions to donate almost $150,000 to charity through the Advisors Plus “Spend and Give” campaign.
“The COVID-19 pandemic ...How Credit Unions Help SMBs Get Creative To Navigate Market Uncertainty
Wednesday 2nd December - 8:00 am
Small businesses are turning toward their financial service providers now more than ever, not only for access to working capital and key products to run their business, but also for ...How Credit Unions Fuel A Collaborative SMB Lending Experience
Wednesday 25th November - 8:00 am
Though big banks may dominate the small business lending market, an influx of SMB lending technological innovation has opened up the landscape for smaller and alternative players to compete — ...PSCU: Digital Banking Helps Credit Unions Compete With Larger Banks
Tuesday 24th November - 4:01 am
The pandemic is reshaping banking.
In an interview with PYMNTS, Jeremiah Lotz, managing vice president, digital experience and payment products at PSCU, said the increasing use of analytic technology, mobile banking ...Optimism Grows Among Credit Unions In A Major Refocus On Member Preferences
Monday 23rd November - 10:30 am
Credit unions (CUs) are keeping in step with — if not a step ahead of — account holder preferences and desires in the shifting digital sands of the 2020 pandemic.
That ...Deep Dive: How Personalized Approaches And Card Management Services Can Help CUs
Monday 23rd November - 7:45 am
Many consumers are seeking digital solutions to help them tackle their daily needs from home as the COVID-19 pandemic continues to grip the nation. The financial services sector in particular ...Teachers Credit Union On Using Technology To Drive A Personalized Member Service Approach
Friday 20th November - 8:00 am
Credit unions are personalizing their online and mobile banking experiences, but Dan Rousseve, senior vice president at Teachers Credit Union, says old-fashioned outreach combined with artificial intelligence can personalize their ...Old School, New School: TCU Pairs AI And Outreach To Personalize Members’ Experiences
Thursday 19th November - 4:01 am
Credit unions (CUs) have been riding high in recent years, with one October report finding that global CU membership hit an all-time high of 291 million last year.
The space has ...Lumin Digital To Provide LAFCU With Digital Banking Solution
Tuesday 17th November - 6:30 pm
Lumin Digital announced today (Nov. 17) that it will provide Los Angeles Federal Credit Union (LAFCU) with its cloud-based online and mobile digital banking platform, according to a press release ...Partners Against Crime: Visa Leads Effort To Fight Fraud With New Dynamic CVV Codes
Tuesday 17th November - 7:01 am
The rising trend of digitization in commerce and the increased occurrence of card-not-present fraud were not created by the COVID-19 pandemic. Instead, it would be more accurate to note that ...PSCU Unveils Enhanced Fraud Services To Help Protect Credit Unions
Tuesday 10th November - 11:06 am
PSCU, which is billed as the nation’s premier payments credit union service organization (CUSO), has announced its new Enhanced Fraud Services system, which the company said “has helped 10 early ...PSCU Delivers 16.7 Pct Top-Line Growth In FY20
Thursday 29th October - 10:04 am
PSCU, a credit union service organization (CUSO), reports revenue of $582.5 million for the 2020 fiscal year that ended Sept. 30, a top-line growth of 16.7 percent, the company said ...PSCU, FICO Partner To Bring Fraud Alert Tool To Credit Unions
Wednesday 28th October - 4:31 pm
PSCU, the credit union service organization (CUSO), is teaming up with FICO Customer Communications Services (CCS) to develop a fraud alert tool for credit unions (CUs), PSCU said in a ...PSCU: Providing Credit Unions With Data To Navigate The Pandemic
Wednesday 28th October - 10:00 am
When the pandemic hit, PSCU recognized an opportunity to capture the data on digital shifts and trends, and to share the results with its credit unions and the market. “Keeping ...Deep Dive: Meeting Credit Union Members' Mobile Banking Needs
Wednesday 28th October - 8:00 am
Consumers’ banking preferences have undergone a sea change over the last few years, and a growing share of Americans prefer to bank digitally rather than visit a branch.
The quality of ...Credit Unions Use Payments to Build Primary Financial Relationships
Wednesday 28th October - 4:00 am
There are two ways to consider consumers’ spending lives, according to Bruce Dragt, chief product officer at CO-OP Financial Services.
As he told PYMNTS, the first way is to think in ...Credit Union Innovations Catering To The Young And The Mobile
Tuesday 27th October - 10:30 am
“The average age of a credit union member is 47, making it clear that CUs must devise strategies to attract a younger audience,” according to PYMNTS October Credit Union Tracker® ...VyStar Credit Union On Using Mobile To Enhance The In-Person Banking Experience
Tuesday 27th October - 8:45 am
Meeting consumers’ banking needs during the pandemic has meant offering mobile and digital channels so that customers may engage in remote and contactless banking experiences.
Providing those services requires credit unions ...REPORT: Credit Unions Go The (Social) Distance With Mobile Banking Tools
Friday 23rd October - 4:02 am
The pandemic continues to affect almost all aspects of consumers’ lives, and their banking interactions are no exception. Consumers are increasingly seeking contactless ways to interact with their financial institutions ...PSCU: Credit Spend Rebounds, Offering CUs New Ways to Engage Members (Digitally)
Tuesday 20th October - 4:00 am
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, ...Today In Digital-First Banking: OneAZ Credit Union To Work With Lumin Digital; ECB: Next Pandemic Wave Won't Hit Economy As Hard
Wednesday 14th October - 12:40 pm
In today’s top news in digital-first banking, OneAZ Credit Union has signed a multi-year deal for Lumin Digital to be its digital banking technology, while an European Central Bank board ...Lumin Digital To Work With OneAZ For Digital Banking
Tuesday 13th October - 10:01 am
PSCU company Lumin Digital has announced that OneAZ Credit Union has signed a multi-year commitment for Lumin Digital’s cloud-based platform to be the credit union’s (CU’s) digital banking solution, according ...Credit, Debit And The Credit Union Conundrum
Wednesday 30th September - 9:30 am
Close to half of the credit union (CU) executives surveyed by PYMNTS earlier in the year expected credit card processing revenues to outstrip debit in 2020. Several months down the ...The Three Things Every Digital-Card App Needs
Wednesday 30th September - 4:00 am
The wave of digitization that has picked up incredible speed in banking over the past half year isn’t strictly a new trend, Randy Piatt, head of product solutions for Ondot ...Deep Dive: How CUs Are Rethinking Their Credit Solutions During The Pandemic
Tuesday 29th September - 8:00 am
Credit unions of various sizes were eager to roll out credit card innovation plans before the COVID-19 pandemic’s onset. PYMNTS’ July Credit Union Innovation Playbook: Card Trends Edition revealed that 47 percent of ...Alternatives Federal Credit Union On How Credit Solutions Provide Financial Lifelines
Monday 28th September - 8:00 am
More consumers are looking to access loans during the pandemic, but some lack the credit histories needed to obtain them. Credit unions can step up, however, by relying on more ...Today In Payments: Ant Group Launches Blockchain Trading Platform; Meal Delivery Companies Face New CA Rules
Friday 25th September - 3:00 pm
In today’s top news, Ant Group launched a cross-border blockchain trading platform for businesses, and California introduced new regulations for food delivery startups. Plus, credit card delinquencies have fallen.
Ant Group ...Report: Credit Unions Look Past FICO Scores To Unlock Member Credit
Friday 25th September - 4:00 am
Credit product innovation was on many credit unions’ (CUs’) agendas in the months before the pandemic struck.
Some 47 percent of CU executives were expecting credit card processing revenues to surpass ...Community FIs Battle Against Low Interest Rates To Help SMBs Thrive
Thursday 24th September - 8:00 am
When the Paycheck Protection Program (PPP) rolled out in the U.S., smaller community banks and credit unions (CUs) stepped up to the plate and, according to the Small Business Association ...
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