PSCU Hires a Former VISA USA EVP

FL-based PSCU Financial Services has hired Steve Ruwe, former VISA USA EVP of Operations and Risk for 13 years, as Chief Risk Officer. Prior to joining PSCU Financial Services, Ruwe was Visa USA’s Executive Vice President of Operations and Risk for 13 years. As a highly regarded risk management expert, Ruwe has testified before Congress numerous times on issues related to data security, Internet gaming, and Internet pharmacies. PSCU Financial Services is owned by more than 500 member credit unions representing over 10 million cardholder accounts and more than 345,000 online bill payment subscribers.

PSCU Financial Services Adds a Reloadable Card

FL-based PSCU Financial Services has added a reloadable card to its prepaid offerings and has produced turnkey marketing materials for credit unions including statement inserts, brochures, branch posters and other materials to promote its use as a “Travel Card,” “Student Card” and/or a general purpose card. This platform delivers all the benefits of a standard prepaid card, with the ability to add value as needed. This card also offers the same protection as a VISA debit card and is supported by the cooperative’s award-winning 24 x 7 Contact Center. PSCU Financial Services is owned by more than 500 member credit unions representing 10 million cardholder accounts and more than 345,000 online bill payment subscribers.

PSCU Expands a Virginia CU Deal

Fairfax County Federal CU of Virginia is converting its signature, PIN and ATM debit programs to PSCU Financial Services’ “DebitAdvantage” and has signed a five-year contract extension for credit card processing services. Under the terms of the agreement, Fairfax County FCU will convert more than 11,000 signature, PIN and ATM debit card accounts to the DebitAdvantage platform and PSCU Financial Services will continue processing more than 4,100 credit card accounts for the $145 million, 18,000-member credit union. Fairfax County Federal Credit Union, headquartered in Fairfax, Va., is a not-for-profit, member owned and operated, full-service financial institution. PSCU Financial Services is owned by more than 500 member credit unions representing 10 million cardholder accounts and more than 345,000 online bill payment subscribers.

PSCU Signs Two Deals with a PA-Based CU

Pennsylvania-based Clearview FCU has signed a long-term agreement for PSCU Financial Services to provide processing support for the credit union’s signature, PIN and ATM debit programs and also signed a six-year contract extension for credit card processing services with PSCU. Under the terms of the agreement, Clearview FCU converted more than 76,000 signature, PIN and ATM debit card accounts to the DebitAdvantageTM platform and will continue the processing more than 26,000 credit card accounts for the $560 million, 73,000-member credit union. Clearview Federal Credit Union, headquartered in Moon Township, Pa. is a not-for-profit, member owned and operated, full-service financial institution.

PSCU Donates 10 Million Pennies for CUs

PSCU Financial Services has processed 10 million accounts for credit and debit cards and is donating 10 million pennies to organizations and projects designed to expand and improve the credit union industry Donations were made to: National Center for Member Trust, Biz Kid$ Financial Literacy Programming, and the underwriting of an intensive three-day course for senior credit union executives at Georgetown University’s McDonough School of Business in conjunction with Callahan & Associates. As a non-profit cooperative, PSCU Financial Services is owned by more than 500 member credit unions representing 10 million cardholder accounts and more than 345,000 online bill payment subscribers.

PSCU Signs Catholic FCU for Processing

Michigan-based Catholic FCU has signed a long-term credit card processing contract with PSCU Financial Services for its 5,600 credit card accounts. PSCU Financial Services’ CreditAbility credit card processing and servicing program marries responsive service with efficient transaction processing, credit card monitoring, and risk management as well as portfolio support and consultative advisory services.

Oberthur Rolls Out FIPS 201 Smart Card

Oberthur Card Systems has become the first provider of
a “FIPS 201” certified smart card. With this certification, Government
Agencies and other organizations now have a commercial source of dual
interface smart cards to meet requirements as part of Homeland Security
Presidential Directive 12. Oberthur Card Systems government smart card
products are manufactured and personalized in the United States in ISO
certified environments; a significant advantage for agencies looking for
a shared services provider of ID credentialing.

PSCU Inks Shell Employees FCU Processing

Houston-based Shell Employees FCU has signed a long-term debit and credit card processing contract with PSCU Financial Services. PSCU Financial Services will convert more than 18,000 debit accounts for signature and PIN processing and 5,000 ATM accounts to the Debit Advantage platform and 9,000 credit card accounts to the CreditAbility platform for the $293 million, 28,000-member credit union. PSCU Financial Services is the nation’s largest credit union service organization, representing more than 8 million cardholder accounts and 200,000 online bill payment subscribers.

PSCU Plans 4 Card Meetings for Members

PSCU Financial Services announced four regional meetings to help its member-owners focus on building successful credit and debit card programs with the first scheduled for Honolulu on August 5th. The meetings will discuss “how to” tactics for segment marketing, activation and growth strategies, ways to combat fraud and new technologies that provide enhanced cardholder service. These meetings will be free to member-owners. PSCU Financial Services is the nation’s largest Credit Union Service Organization (CUSO). As a non-profit cooperative, the company is owned by more than 500 member credit unions nationwide.

MOBILE OFFICA

JCB is set to launch its wireless corporate solution in the fall of this year. Built around Sony’s “FeliCa” contactless IC chip technology, “Mobile Offica” includes a suite of functions including employee identification, office and network access, and cashless payment. “Mobile Offica” marks the first time that mobile phones incorporating a contactless chip enabling credit card payment will be available in Japan. Advanced postpay functionality is provided by linking to the employee’s own credit card account. “Mobile Offica” also enables users with i-mode capable phones to monitor outstanding credit card balances and view detailed transaction histories, and users may be able to request increases in their credit limits on-line. NTT DoCoMo will be releasing i-mode “FeliCa” Service for mobile wallet applications, including train pass and e-money, on four i-mode smart-card handset models, in early July.

JCB to Release Mobile Offica This Fall

JCB is set to launch its wireless corporate solution in the fall of this year. Built around Sony’s “FeliCa” contactless IC chip technology, “Mobile Offica” includes a suite of functions including employee identification, office and network access, and cashless payment. “Mobile Offica” marks the first time that mobile phones incorporating a contactless chip enabling credit card payment will be available in Japan. Advanced postpay functionality is provided by linking to the employee’s own credit card account. “Mobile Offica” also enables users with i-mode capable phones to monitor outstanding credit card balances and view detailed transaction histories, and users may be able to request increases in their credit limits on-line. NTT DoCoMo will be releasing i-mode “FeliCa” Service for mobile wallet applications, including train pass and e-money, on four i-mode smart-card handset models, in early July.