Credit Card Q2 Delinquency Stabilization Evident Among All Banks — Not Limited to Top 4 Issuers

The 30+ day delinquency rate, seasonally adjusted (SA), among the top 100 U.S. banks for the second quarter (2Q/18) increased seven basis points (bps) sequentially (Q2Q), and flat year-on-year (YOY). On a not seasonally adjusted basis (NSA), the delinquency rate among the top 100 U.S. banks for 2Q/18, decreased 19 bps Q2Q and down 19…

Online Payment Card Holiday Fraud to Climb 12% YOY in the U.S.

ACI Worldwide says it expects a 12% growth in online fraudulent activity in the upcoming holiday season, compared with the same period last year—and lower ticket prices on fraudster-targeted gifts and products. ACI says following the U.S. adoption of EMV chip cards, which protects card data through encryption, fraud is shifting online as fraudsters are…

CUs Embrace Card Management Services for Digital Banking

CUs Embrace Card Management Services for Digital Banking

NCR’s Digital Insight and PSCU have added new credit card management capabilities enabling consumers to access credit card accounts alongside checking and savings accounts in online and mobile banking applications. Known as Card Management Services for Digital Banking, the new service will give consumers a fast and easy way to manage their credit card accounts…

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Fiserv’s Account Processing Platform CUnify Leaps

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fiserv has inked 25 credit unions, with approximately $2.5 billion in assets and 250,000 members collectively to commit to the CUnify account processing platform from Fiserv. Five of these credit unions are new core processing clients of Fiserv, and will be converting to CUnify in 2016. CUnify is a scalable account…

PSCU, MasterCard Team Offer Payment Option

PSCU will offer the Mastercard “MasterPass” digital payment service to the CUSO’s nearly 700 Member-Owner credit unions, allowing shoppers to more conveniently and securely perform transactions during checkout. The “MasterPass” provides online shoppers a simple check-out process by eliminating the need to enter detailed shipping and card information with every purchase. PSCU’s future implementation phases of MasterPass may allow consumers to go beyond plastic and use an enabled device for in-store purchase transactions. Lake Trust Credit Union (Lansing, MI) has joined PSCU as a participant in testing the new digital solution.

Apple FCU Extends PSCU Credit Card Servicing Agreement

Apple Federal Credit Union signed a contract extension for credit card servicing from PSCU Financial Services through 2014. The credit union has $1.4 billion in assets, 120,000 members and has been a member of the CUSO since 1987. The credit union’s portfolio of 24,000 accounts represents $60 million in outstandings. It is leveraging “AdvisorsPlus” experts to design promotional campaigns and has placed responsibility for the credit card program with one management team member. PSCU Financial Services serves more than 1,500 financial institutions, representing 16 million credit, debit, prepaid, electronic banking and online bill payment accounts.