- Thursday 13th June - 10:00 am
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 ...
- Thursday 13th June - 4:02 am
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 ...
- Thursday 6th June - 12:40 pm
Open banking’s success in the United States — as with any ecosystem — will hinge on several factors, none guaranteed.
But, with lessons learned from abroad, and with an incrementally clearer ...
- Thursday 6th June - 12:30 pm
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) ...
- Tuesday 4th June - 4:03 am
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 ...
- Thursday 30th May - 3:34 pm
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, ...
- Thursday 30th May - 4:00 am
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 ...
- Wednesday 29th May - 6:04 pm
Embedded payments technology company VoPay has debuted a digital transaction and cash management platform.
Dubbed TXB, the platform is designed to help banks and credit unions launch “API-first transaction banking and ...
- Tuesday 28th May - 12:35 pm
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 ...
- Friday 24th May - 4:02 am
When it comes to payments innovations, banks and payment companies have held up their end of the deal.
Instant payments, pay-by-bank, digital wallets, artificial intelligence and tokenization all have been pushed forward from the supply ...
- Thursday 23rd May - 1:08 pm
The Federal Reserve’s proposal to lower debit interchange fee caps has drawn a flurry of responses — roughly 2,500 responses, in fact — from trade organizations representing merchants and financial ...
- Wednesday 22nd May - 4:03 am
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 ...
- Tuesday 21st May - 10:00 am
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 ...
- Friday 17th May - 12:20 pm
Banks have been fine-tuning their branch efforts as the pandemic recedes, shuttering locations in some markets and building new outposts in others.
The Federal Reserve said in a recent blog post ...
- Thursday 16th May - 11:15 am
Frictionless commerce firm AppTech Payments completed the pilot of its Banking-as-a-Service (BaaS) platform.
Now, the company will use the BaaS solution for the commercial launch of InstaCash, a real-time pay-by-bank transaction system that AppTech is positioning as ...
- Tuesday 14th May - 11:30 am
The Federal Reserve’s FraudClassifier divides fraud into two categories: authorized fraud and its unauthorized counterpart.
Authorized fraud occurs when a legitimate party initiates a payment only to have a bad actor intervene and hijack the funds. Unauthorized ...
- Tuesday 7th May - 7:58 pm
PSCU/Co-op Solutions is rebranding as Velera.
The credit union service organization (CUSO) will roll out the Velera brand in phases over the next year, though the Co-op Solutions brand will be retained for its ...
- Wednesday 1st May - 10:00 am
PSCU/Co-op Solutions teamed up with Aloha Pacific Federal Credit Union (APFCU).
The partnership will see the payments credit union service organization (CUSO) help Hawaii-based APFCU provide credit and debit card processing services and support, PSCU/Co-op Solutions said ...
- Tuesday 30th April - 4:01 am
Not all that long ago, as Doug Brown, chief product officer, NCR Voyix Digital Banking, observed, credit unions and banks had a rather simple approach to financial wellness.
The old-school playbook, ...
- Monday 29th April - 12:01 pm
According to PYMNTS Intelligence, credit unions (CUs) and community banks continue to gain traction in the consumer credit card space.
As we found in researching “Credit Unions and Community Banks Gain ...
- Thursday 25th April - 4:18 pm
Lending marketplace Upstart has debuted a tool to help lenders offer customized loan offers.
That tool, dubbed Recognized Customer Personalization (RCP), lets banks and credit unions (CUs) identify when a customer is actively seeking a ...
- Monday 22nd April - 4:00 am
Credit unions (CUs) are continuing to win over members, with roughly 1 in 5 current CU members telling PYMNTS Intelligence they’ve changed primary banks last year.
This is just one important ...
- Wednesday 17th April - 11:18 am
When it comes to issuing credit cards, national banks continue to dominate the field, and — thanks to their massive scale, extensive customer base and seemingly unlimited opportunities to cross-sell ...
- Monday 15th April - 7:00 am
There are 69 million consumers in the U.S. who are between the ages of 12 and 27. They are described as the first digitally-native generation — a generation that has ...
- Friday 12th April - 2:06 pm
For traditional financial services providers — chiefly credit unions — the future belongs to youth.
For FinTechs, in looking at Gen Z consumers, well, things are a bit more cautious. They ...
- Wednesday 10th April - 7:09 pm
California state lawmakers are considering legislation that would limit the number of overdraft fees credit unions (CUs) can charge their members.
Under SB-1075, the 100+ CUs now doing business in the Golden ...
- Wednesday 10th April - 10:00 am
PSCU/Co-op Solutions has teamed with Amount to launch a digital lending suite.
The suite, dubbed Origination Solutions, is now in the pilot stage with two credit unions, the credit union service organization (CUSO) announced ...
- Wednesday 10th April - 4:02 am
There’s no shortage of damage payments and social engineering fraud can do to a company as well as its member relationships.
Creating silos within an organization usually isn’t one of them, ...
- Tuesday 9th April - 3:10 pm
Arizona Financial Credit Union (AZFCU) has launched a partnership with retail banking firm NCR Atleos.
According to a Tuesday (April 9) news release, AZFCU has picked Atleos’ ATM as a Service (ATMaaS) offering ...
- Tuesday 2nd April - 10:00 am
PSCU/Co-op Solutions has launched a program designed to facilitate collaboration between credit unions and FinTech companies.
The new Fintech Engagement Program includes both vetted FinTech companies and credit unions that are looking to address ...
- Monday 1st April - 1:09 pm
NCino expanded the omnichannel functionality of its Consumer Banking Solution for banks and credit unions.
The expansion helps bankers interact with consumers where and how those customers want to engage, the provider of cloud banking for ...
- Tuesday 26th March - 4:02 am
In a world where big banks have long dominated the financial landscape, a quiet revolution is underway.
Credit unions (CUs), those member-owned financial cooperatives that have always prided themselves on their ...
- Monday 25th March - 7:00 pm
Harborstone Credit Union plans to expand its presence in Washington with an acquisition of SaviBank and its parent holding company, Savi Financial.
The credit union has entered into a purchase and ...
- Monday 25th March - 11:40 am
The traditional banking model and business roadmap for financial institutions needs future-proofing.
Across today’s financial services landscape, digital increasingly rules the roost — making prioritizing innovation important for long-term success.
Staying relevant ...
- Wednesday 20th March - 5:23 pm
Digital banking is all the rage, right? Who can resist the convenience of using a bank app to balance accounts while waiting for the barista to brew a cup?
No one ...
- Tuesday 12th March - 6:00 am
Credit unions (CUs), known for their community-focused approach and member-centric values, are navigating a changing financial ecosystem. With the rise of FinTech startups offering cutting-edge technologies and personalized services, CUs ...
- Monday 11th March - 4:03 am
Credit union (CU) members value the classic benefits associated with CUs, such as lower fees and more access to loan products. Still, PYMNTS Intelligence finds they also show more interest ...
- Thursday 7th March - 5:19 pm
The Consumer Financial Protection Bureau (CFPB) came under fire on Capitol Hill Thursday (March 7) from critics who charged that caps on credit card late fees, and other actions, would ...
- Wednesday 6th March - 11:16 am
An increasing number of former bank customers are transitioning away from those institutions in favor of becoming credit union members.
These newly minted members are migrating to credit unions due to ...
- Tuesday 5th March - 9:17 pm
As the country’s banking giants expand, some consumers are looking for smaller alternatives.
It’s a trend at the center of a Tuesday (March 5) Wall Street Journal (WSJ) report, which says ...
- Monday 4th March - 11:40 am
Epic River has unveiled a specialized digital lending platform designed to bridge the gap between financial institutions and healthcare services.
This solution aims to transform the way patient payments are managed, ...
- Thursday 29th February - 4:00 am
While traditional financial institutions (FIs) have historically dominated the industry, credit unions (CUs) have carved out a unique niche, serving the needs of their members with personalized care and a ...
- Wednesday 28th February - 2:01 pm
Wedge has introduced a white-label programmable payment solution for banking associations and credit unions.
The firm has also appointed Kim Askwith, formerly of Ernst & Young, as president to lead the go-to-market strategy for ...
- Wednesday 21st February - 10:13 am
Prizeout has introduced a new white-label solution that enables credit unions to offer their members a suite of cash-back products.
The new CashBack+ helps credit unions boost their non-interest income and ...
- Wednesday 21st February - 4:00 am
Mergers are born of the principle that a combination of enterprises is greater than the sum of the respective parts.
Chuck Fagan, president and CEO of PSCU/Co-op Solutions, told Karen Webster ...