PSCU, Fiserv Renew Card Processing Agreement
ST. PETERSBURG, Fla.—PSCU has extended its payments processing agreement with Fiserv, which it first entered into in 1989.
“PSCU and Fiserv share a mutual respect for each other’s business, and we are pleased to extend our longstanding partnership through this decade,” said Chuck Fagan, president and CEO of PSCU. “Our extended agreement not only provides continuity for the credit unions we serve, it also helps PSCU continue to innovate, as exemplified by our successful early-market launches of contactless and digital issuance. We are excited to continue the strong level of collaboration that we have established between our organizations on behalf of the credit union industry.”
PSCU said that since the partnership began more than 30 years ago, it has evolved from a reseller of transaction processing services to an integrated, value-add financial technology solution provider offering an end-to-end experience for credit unions and their members.
The CUSO reported it currently serves credit unions throughout the United States and facilitates more than 5.4 billion transactions annually.
“PSCU and Fiserv share a commitment to helping financial institutions prepare for the future and provide a best-in-class experience for their members and customers,” said Frank Bisignano, president and CEO of Fiserv. “We are proud to extend our partnership with PSCU and look forward to working together to help promote the growth and success of credit unions throughout the country.”