While cryptocurrency continues to make headlines, the recent focus has been on declining valuations rather than stunning surges. Bitcoin (BTC), the quintessential decentralized crypto, is still primarily viewed as a speculative investment. Despite being around [...]
According to PSCU’s most recent Eye on Payments study, 97% of consumers shop online at least once a year. As more consumers seek out online and digital channels to make purchases and transactions, it [...]
Today’s credit unions are inundated with new technology and digital tools, all of which typically offer a myriad of benefits and use cases. But how do financial institutions adapt and incorporate these types of [...]
The speed of digital transformation has rapidly changed consumers’ behaviors and demands – and this evolution extends far beyond food delivery apps and entertainment streaming platforms. As technology advances, today’s consumers want and expect instant [...]
I am so excited to celebrate Pride Month! We have a lot of activities planned here at PSCU through the efforts of our LGBTQ+ Business Resource Group, PSCUnity, which started with the raising of the [...]
We are thrilled to introduce a new thought leadership platform – PSCUTV. This video series offers a new, fast-paced way to engage with topics that are relevant for your credit union and your members. PSCU Chief [...]
Open banking has emerged as a powerful force for transformation in the rapidly changing financial services industry. At its core, open banking is the concept of sharing financial data and services through standardized APIs (or [...]
During the past several years, the nature of the employee-employer relationship has experienced a seismic shift. According to ManpowerGroup’s 2023 Workforce Trends Report, a change in demographics, technology adoption, individual choice and a digital-first [...]
Social networking continues to grow as professionals across industries seek to connect with others in their field. However, not all connections are beneficial – and merely connecting may unknowingly cause business risk or lead to information-gathering [...]
The last several years have brought unique challenges for credit unions and the members they serve. One segment of consumers particularly impacted by evolving technology and economic uncertainty is small and medium businesses (SMBs). According [...]
For the past five years, PSCU has set out to gauge the state of payment preferences among credit union members and other financial institution customers (“non-members”) through annual research. Each year, PSCU has explored the [...]
There’s only one constant about fraud — and that is it’s constantly changing. Fraud is fluid, dynamic and often different from one day to the next. When one method ceases to be effective, not [...]
In October 2022, the Federal Reserve issued a final ruling on Regulation II (Durbin Amendment), which requires two unaffiliated networks on a debit card and sets a cap on debit interchange rates. In this ruling, [...]
In light of recent news about the seven big banks behind Zelle teaming up to launch a new digital wallet, many credit unions might be contemplating their role and next steps – if any – in the [...]
The Fed’s ongoing interest rate hikes appear to be making the desired impact on the economy as inflation is starting to slow. The February edition of the PSCU Payments Index shows growth in credit [...]
