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credit unions
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222Credit UnionsSenate Federal CEO On Protecting Member Trust During Digital Overhauls
Credit unions (CUs), as much as other financial entities, are seeing a boom in competition as banking moves to online and mobile...
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2.8KCredit UnionsWhy Credit Unions’ ‘Mature Trust Model’ Matters For Members
As COVID-19, the disease caused by the coronavirus, ravages the economy, and millions of Americans shelter in place to figure out their...
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2.3KBankingHelping Small FIs Make Banking Services As Seamless As Taking An Uber
In the age of digital commerce, legacy financial institutions (FIs) have ceded ground to tech-savvy upstarts. To regain some of that ground,...
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3.4KCredit UnionsPSCU CEO: Credit Unions Step Up And Step In For Members
How do you plan for something that has never happened before? For the last two weeks — and for much of the...
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4.5KCredit UnionsNEW DATA: The Innovations Credit Union Members Need To Stick, Not Switch
Credit unions (CU) members have a reputation of being loyal to their financial institution (FI) — and not without reason. CU members,...
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2.5KCredit UnionsPSCU Sponsors Credit Union Cherry Blossom Run, Fundraiser
For the 13th consecutive year payments credit union service organization (CUSO) PSCU is a lead sponsor for the Credit Union Cherry Blossom...
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2.3KCredit UnionsAdding Tech To The Credit Union’s ‘War Chest’ Of Trust
Through an ongoing process of habituation over the last two decades, consumers have come to not only want certain types of seamless...
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1.4KCredit UnionsWCCU Taps PSCU For Credit Card Processing Support, Services
PSCU, a payments credit union service organization (CUSO), announced that Westby Co-Op Credit Union (WCCU) has become a part of the cooperative...
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2.1KSecurity & FraudCredit Unions Doing Cyber-Battle
Comedy legend Groucho Marx is credited with the famous line, “I don’t want to belong to any club that would have me...
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2.4KCredit UnionsHow One Nevada Credit Union Secures Its Self-Service Innovations
Credit union members are increasingly placing emphasis on self-services like mobile and online banking for their seamlessness and convenience. And while many...
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1.8KCredit UnionsPSCU’s Lumin Teams With Vermont Credit Union To Provide Digital Banking
PSCU’s Lumin Digital has signed the Vermont State Employees Credit Union (VSECU) to a multi-year digital banking and cloud computing agreement, Lumin...
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3.7KCredit UnionsHow One Nevada Credit Union Secures Its Self-Service Innovations
Credit unions (CUs) are performing well as the new decade dawns, with a recent study finding that CUs increased their loan originations...
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2.8KB2B PaymentsPayRailz Expands Credit Union Collaboration Initiative
Payrailz announced the addition of four new investors to its credit union-sponsored payments CUSO, CU Railz. The new additions were Unify Financial Credit...
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3.0KCredit UnionsPSCU Testing CULedger’s Blockchain-Based Digital ID System
PSCU, the credit union service organization (CUSO), announced on Monday (Feb. 24) that it is finishing up a proof of concept (POC)...
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6.4KBankingNCR: How FIs Can Triumph Over the Challenger Bank Challenge
For traditional financial institutions (FIs), especially smaller FIs and credit unions (CUs), the age of disruption is here. Digital banks are poised...
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3.7KCredit UnionsThe $500B Consumer Lifestyle Opportunity Credit Unions Are Missing
Credit unions (CUs) have a bit of asymmetry in their relationships with their customers. On one hand, as PYMNTS data shows, customers very...
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1.7KCredit UnionsPSCU Prevented $277M In Credit Union Fraud Last Year
PSCU has prevented over $277 million in would-be fraud last year, 30 percent more than in 2018. The credit union service organization (CUSO)...
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1.7KPersonnelPSCU Taps New Leaders To Advance Products, Innovation
PSCU has appointed Denise Stevens as senior vice president and chief product officer, while Scott Young will head the product delivery leadership...
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2.3KCredit UnionsPSCU Reports Higher Debit, Credit Sales During Holidays
PSCU, the payments credits union service organization (CUSO), reported significantly higher year-over-year growth than expected during the holidays, with a 7.86 percent...
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4.2KB2B PaymentsOpen Banking Targets SMB Apps, Payments Data
Open Banking frameworks continue to proliferate throughout the world. The Australian Competition and Consumer Commission (ACCC) has now formally released the Consumer...
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4.6KB2B PaymentsPayrailz Brings Banking As A Service To Credit Unions
FinTech startups Constellation Digital Partners and Payrailz are teaming up to create a joint solution to help credit unions offer an enhanced...
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2.6KCredit UnionsGallup: Credit Unions Feel The Love
The notion that credit unions (CUs) play country mouse to their more worldly banking cousins is beyond flawed, as a recent poll...
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2.2KCredit UnionsCUs Work Together To Stay Ahead Of The Competition
With 79 percent of credit union members willing to switch to a financial institution with more convenient banking services, offering mobile apps...
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5.4KCredit UnionsCredit Unions Find ‘Co-opetition’ Key To Closing The Innovation Gap
Credit unions (CUs) face stiff competition from banks, FinTech firms and other players in the financial industry, but they have several intrinsic...
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3.7KCredit UnionsCredit Unions Place Big Bet On AI And Biometrics
A new decade — and for credit unions (CUs), might this be the decade of data as a conduit of trust, a...
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3.1KCredit UnionsKnow Your Member: How Credit Unions Can Win Via Customer Experiences
We don’t mean to be melodramatic here at PYMNTS, but one can reasonably argue that as a new decade begins, credit unions...
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5.6KCredit UnionsCredit Union’s API Drive To Digital Innovation
It wasn’t very long ago that nearly every banking-connected function required a trip to the local branch. Even the simplest tasks like...
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3.3KDigital BankingCredit Unions Unite Behind Digital Banking
The Rochdale Society of Equitable Pioneers. The Shore Porters Society. Fenwick Weavers’ Society. These and other 19th-century proto-cooperatives were the forerunners of...
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4.5KB2B PaymentsSmall Business Banking Braces For More Disruption
With regulations surrounding data ownership, privacy and open banking now in full swing in multiple markets around the globe, opening up account...
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3.3KBankingReport Shows US Small Towns Lost 14 Pct Of Banks Between 2012-17
Financial institutions have been abandoning American smaller towns in striking numbers over the past decade, presenting a significant economic challenge in the...
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3.5KCredit UnionsGulf Winds’ Data Driven Approach To Member Retention
Credit unions (CUs) remain strong, despite the many challenges they face. The G.19 Statistical Release, “Consumer Credit,” recently found that CUs hold...
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4.5KSecurity & FraudWhen The Text Message From The Bank Isn’t From The Bank
In business – and especially in financial services and banking – trust is built up over decades, and can be destroyed in...
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3.3KB2B PaymentsPayment Rails Search For Harmony In B2B Payments
Innovation in the payments arena has provided more rails upon which to move money. In B2B payments, though, legacy tools continue to...
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2.1KCredit UnionsPSCU’s Annual Dividend To Aid Owner Credit Unions Announced
PSCU, a payments credit union service organization (CUSO), has announced a patronage dividend for fiscal year 2019 of $25.9 million, and one...
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3.7KChatbotsPSCU Uses Automation To Streamline Call Center Interactions
Payments credit union service organization PSCU unveiled the deployment of desktop automation via its partnership with Jacada to optimize the call center...
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4.3KMobile PaymentsWill Contactless Move Credit Union Cards To Top Of Wallet?
Get ready for the contactless card surge. This holiday season may remind you of the “hurry up and wait” component of brick-and-mortar...
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2.3KCredit UnionsCanadian CUs Link Interac Debit With Google Pay To Enable Android Payments
Seven Canadian credit unions (CUs) have become the first in Canada to launch Interac Debit on Google Pay, Canadian Credit Union Association...
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3.6KB2B PaymentsCredit Unions Find Opportunity In Payments Disruption
Credit unions are underdogs in a financial services space still dominated by major traditional banks, particularly when it comes to small business...
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3.0KB2B PaymentsCULedger Debuts Credit Union Payments Exchange
Credit union service organization CULedger has debuted its financial exchange for credit unions using R3’s Corda blockchain technology, the firms said in...
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2.9KPersonnelPSCU Names Kevin Spear New SVP, Service Delivery
PSCU has announced that Kevin Spear has been named senior vice president of service delivery. This is Spear’s second round at PSCU,...
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3.0KPayment MethodsJack Henry Debuts Card-To-Card Bill Pay
Jack Henry & Associates has announced the launch of iPay CardPay, which enables its banks and credit unions “to provide near-real-time, card-funded...
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1.5KNewsTop News In Payments: CFPB Seeks Remittance Exemptions For Small Banks; Regulators Support Traditional Credit Evaluation Alternatives
In today’s payments news, the Consumer Financial Protection Bureau (CFPB) has proposed to boost the number of smaller banks and credit unions (CUs) that...
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3.0KDigital BankingLumin Digital To Power Banking, Bill Pay For University Of Illinois Credit Union
Lumin Digital has signed a multi-year contract with the University of Illinois Community Credit Union (UICCU) that will have Lumin’s cloud-based platform...
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3.2KCredit UnionsCorporate America Credit Union To Serve As RTP Funding Agent
The Corporate America Credit Union (CACU), which serves almost 500 credit unions (CUs) around the world, has become a funding agent for...
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3.8KCFPBCFPB Proposal On Remittances Offers Exemptions For Banks, CUs
In the years ahead, might there be a greater number of smaller financial institutions (FIs) offering remittance services? As Bloomberg Law reported...
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4.1KBankingHow Credit Unions Can Win The FinServ Innovation Game
In addressing the innovation gap that exists between credit unions and their larger financial institution (FI) brethren, credit unions (CUs) may be...
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2.3KCredit UnionsSAFE Credit Union Brings Targeted Marketing To An Increasingly On-Demand World
Meeting customers’ expectations and desires is a key goal for all enterprises, and credit unions (CUs) are no exception. PYMNTS’ Credit Union...
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5.6KCredit UnionsWhat Grubhub, Uber Can Teach CUs About Loyalty And Rewards
Credit unions (CUs) are unique among financial institutions (FIs) for the sense of loyalty they inspire among their members. PYMNTS’ Credit...
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2.1KCredit UnionsPSCU Backs Subsidiary Lumin Digital With Additional $35M
PSCU, a credit union service organization (CUSO), is backing its subsidiary Lumin Digital, a cloud-based banking platform, with an additional $35 million,...
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3.4KCredit UnionsTech Takes The Emotion Out Of Dispute Management
Where there are credit card transactions, there are disputes. That’s especially true of transactions that happen in a card-not-present environment (as is...
