Payment Platforms

CO-OP's new spending data indicates a short-term desire for members to spend as they did in pre-COVID days.

Card-not-present alternatives continue showing growth of 48% with debit card transactions.

"That volume alone tells us that payments can be one of the credit union's most powerful drivers of revenue and membership growth."

PSCU data shows card-not-present and debit card CNP volumes had their 12th consecutive week of growth above 30%.

Primax executives say they look forward to providing added value to their clients through PSCU's substantial resources.

A PSCU official is "encouraged with these phenomenal rates of growth in debit" but doesn't expect it to continue at this rate.