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PSCU Financial Services, the payments CUSO serving over 500 credit unions that process their card transactions on the First Data platform has lobbied a financial ratings firm on behalf of credit unions.

MasterCard relies on ratings from LACE Financial, a financial ratings firm, in part to determine the amount of money credit card issuing credit unions have to set aside as reserves to cover card purchases, according to PSCU. The lower the rating, the higher the reserve requirements, the CUSO said, adding that Visa USA uses a similar system.

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