Press
Redwood Credit Union and State Department Federal Credit Union are latest PSCU Credit Unions to enable members to use Apple Pay
ST PETERSBURG, FL (February 19, 2015) — PSCU announced today that Visa cardholders with consumer debit and credit cards from RedwoodCredit Union (Santa Rosa, CA) and State Department Federal Credit Union (Alexandria, VA) now have access to Apple Pay, which transformsmobile payments with an easy, secure and private way to pay.
The credit unions are enabling members to pay in participating stores with iPhone 6, iPhone 6
Plus and Apple Watch, upon availability. Within apps, Apple Pay is compatible with iPhone 6 and iPhone 6 Plus, iPad Air 2 and iPad mini 3.
“We’re helping credit unions to implement products and services that ensure that they maintain the payment relationship with their members in the digital environment, “said Tom Gandre, Acting PSCU CEO. “From uploading card art and developing training programs, to testing and certification,PSCU’s effort to deliver the new Apple Pay technology requires working closely with our partners to provide a smooth implementation and payment experience for members. Our objective is to give credit unions the edge in sustaining the member’s payments relationship.”
When members add a credit or debit card to Apple Pay, the actual card numbers are not stored on the device or on Apple servers. Instead, aunique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorizedwith a one-time unique dynamic security code, instead of using the security code from the back of your card.
PSCU supports credit union members’ calls for assistance related to their set-up and use of Apple Pay through the company’s Total Member CareTM 24/7/365 contact centers. Representatives are equipped to help members enroll their credit union card into Apple Pay, as well as perform ongoing maintenance of digital tokens associated with the cards in the mobile wallet.
With the implementations of Redwood and State Department, a total of eight PSCU Member- Owners are now offering Apple Pay and tokenization to their members.
About PSCU
Established in 1977, PSCU (St. Petersburg, FL) is the nation’s leading credit union service organization (CUSO). The company is owned by 800Member-Owner credit unions representing 18.5 million credit, debit, prepaid, online bill payment, mobile and electronic banking accounts. 24/7/365 member support is delivered through contact centers located throughout the United States that handle more than 18 million inquiries a year.