Velera news and trends

Velera Aims for Card Diversification With Arroweye Partnership
Partnerships // October 15, 2024

Credit union service organization Velera has launched a collaboration with Arroweye Solutions. According to a Tuesday (Oct. 15) news release, Velera has chosen Arrowye as a provider of card production, personalization and fulfillment for Velera’s debit and credit card portfolio. “We are pleased to add Arroweye services to our...

Fed Data Shows Credit Unions Making Gains With Cardholders and Non-Revolving Debt
Credit Unions // October 09, 2024

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...

Velera and Kinective Team to Help Credit Unions Integrate Financial Software
Credit Unions // October 08, 2024

Credit union service organization Velera has launched a partnership with banking software company Kinective. The collaboration gives Velera’s credit union clients access to Kinective’s Gateway, an integration technology designed to eliminate the development challenges typically found when introducing new software products into a “diverse ecosystem of core banking...

The Key to Capturing Gen Z: Credit Unions Embrace Digital Personalization
Credit Unions // September 17, 2024

When it comes to digital engagement, there’s a lot at stake for credit unions. As detailed in “How Credit Union Innovation Can Drive Gen Z Engagement,” a PYMNTS Intelligence report created in collaboration with Velera (formerly PSCU/Co-op Solutions), a growing percentage of Gen Z consumers are transitioning...

Interviews & Exclusives
The Key to Capturing Gen Z: Credit Unions Embrace Digital Personalization

September 17, 2024
When it comes to digital engagement, there’s a lot at stake for credit unions. As detailed in “How Credit Union Innovation Can Drive Gen Z Engagement,” a PYMNTS Intelligence report created in collaboration with Velera (formerly PSCU/Co-op Solutions), a growing percentage of Gen Z consumers are transitioning into higher-paying jobs and more rewarding career paths, meaning they […]

Velera CEO Says Regulation and Cybersecurity Top Credit Union Watch List

September 04, 2024
Careful contingency planning and watching shifts and trends can help firms be prepared for challenges, Velera CEO Chuck Fagan writes in a new PYMNTS eBook, “Beyond the Horizon: How to...

FinTechs Now See Credit Unions as Collaborators, Not Competitors

August 27, 2024
Many FinTechs partner with credit unions (CUs) and other financial institutions (FIs) to provide the innovative products and services that today’s digital-first consumers expect. In fact, almost all view CUs...

Winning Top Of Wallet: How Financial Institutions Compete in the Embedded Finance Era

July 12, 2024
Past performance doesn’t always guarantee future results, but it can inform them. That’s particularly evident when it comes to the payments and commerce landscape, which has witnessed a sea of...

Quick Reads
Velera and RAI Collaborate on Credit Acceptance Programs

October 30, 2024
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 release emailed to PYMNTS. RAI Partners’ turn-down programs run parallel […]

Velera Aims for Card Diversification With Arroweye Partnership

October 15, 2024
Credit union service organization Velera has launched a collaboration with Arroweye Solutions. According to a Tuesday (Oct. 15) news release, Velera has chosen Arrowye as a provider of card production, personalization and fulfillment for...

Velera and Kinective Team to Help Credit Unions Integrate Financial Software

October 08, 2024
Credit union service organization Velera has launched a partnership with banking software company Kinective. The collaboration gives Velera’s credit union clients access to Kinective’s Gateway, an integration technology designed to eliminate the development...

Velera Innovation Alliance Aims to Drive Credit Union Growth

September 04, 2024
Credit union service organization Velera launched the Velera Innovation Alliance (VIA), an extension of Velera’s Fintech Engagement Program, which was first announced in April. The VIA is a coalition made...