Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.