PSCU Partners With Amount to Provide Credit Card Origination Services to Credit Unions

PSCU, the nation’s largest credit union service organization, is now working with Amount, which offers various omnichannel and BNPL services, a press release notes.

This will give PSCU and its owner credit unions access to a platform to power the credit card experiences of the modern day.

PSCU also invested in Amount, though the terms were not disclosed.

The release notes that PSCU wanted to find a tech provider that had “best-of-breed” functionality for digital credit card opening and loans. This comes as the digital landscape has evolved: customers want “immediacy” now more than ever. They don’t want to wait for things like food delivery or ridesharing services — or even money transfers.

According to the release, Amount’s platform is based on digital lending expertise and works on powering instant loan approvals.

“Our new partnership with and investment in Amount will add significant value for our credit unions by enabling a digital-first credit card application experience that is simple to implement,” said Denise Stevens, SVP, chief product and digital officer for PSCU. “In addition to helping grow credit card portfolios, it will drive new member acquisition as consumers can apply for credit union membership while applying for their new card.”

PYMNTS wrote that True North Federal Credit Union recently tapped PSCU to help out with credit and debit processing work.

Learn more: True North Federal Credit Union Chooses PSCU to Provide Credit and Debit Processing Support

True North, based in Alaska, contributes to civic and nonprofit organizations.

PYMNTS wrote that True North has more than $205 million in assets and has been looking for a provider with “quality and communication” to deliver the level of service the company expects.

“Our team has been watching PSCU closely, and we were impressed with everything the CUSO has accomplished over the past several years, as well as how dynamic it has become,” said Lauren MacVay, president and CEO of True North. “We are pleased to partner with an organization that demonstrates such a consistent commitment to credit unions, as we feel confident PSCU is well-positioned to best lead us into the future.”