Payment Platforms

A PSCU official says, "These trends are encouraging as the rebound continues."

Card-not-present transactions are up 35% in the first half of May, while in-person transactions using cards are down 33%.

Aptys will operate as a standalone subsidiary for Catalyst Corporate, which is already transitioning its 600 ACH client CUs to the payments platform.

According to PSCU's research, this is the fifth week of positive growth.

According to a new white paper, this quick shift in digital payment adoption requires FIs to "review their digital banking roadmaps."

"In areas that are starting the reopening process, we are seeing stronger growth, particularly for debit."