ST. PETERSBURG, Fla. – PSCU has announced a number of new milestones and developments surrounding EMV and Apple Pay. The company said that EMV credit card program deployments for its member-owner CUs have officially surpassed the one million-card mark. PSCU’s EMV card deployments began in 2011 when the CUSO became one of the first in the credit union industry to offer plastics that incorporate both EMV chip and PIN technology.
“Members of PSCU’s member-owner credit unions demand the benefits of security, availability and convenience that new payments technologies promise,” said Chuck Fagan, PSCU president and CEO. “These innovations provide the greatest protection available today for members against unauthorized use of their accounts. PSCU will always be committed to providing leadership in the fraud prevention space, as well as delivering payments methods that enable our credit unions to build the strongest member relationships possible.”
To mark its success in EMV, Hawaii State Federal Credit Union (HSFCU), a PSCU member-owner, was awarded the MoPRO Award for its achievements in better serving and protecting its members through EMV chip card technology. The credit union was the first in their state to launch an EMV program that aimed to provide the most secure payment channel for their members and limit exposure to fraud. HSFCU worked with PSCU’s Advisors Plus consultants to execute several transactions and cash rebate-based campaigns to introduce a new Visa Signature EMV credit card program that successfully launched more than 2,800 Signature Platinum EMV Cards. The award was presented at the organization’s annual member-owner conference, MoPRO 2015: Driving the Future Forward, which was held in New York City.
The CUSO also announced today that members of 18 more of PSCU’s member-owner credit unions have access to Apple Pay, bringing the total number of PSCU credit unions offering Apple Pay to 65.
“As attacks on data become more sophisticated, the fraud environment is becoming increasingly unstable and complicated to navigate. By leading the way in developments like EMV and Apple Pay, PSCU is helping its credit unions take the right steps to protect their members against fraud and protect their data,” added Fagan.
New PSCU CUs On Apple Pay
The additional PSCU credit unions now enabled with Apple Pay include:
Bellwether Community Credit Union (Manchester, N.H.); Benchmark Federal Credit Union (West Chester, Pa.); Blackhawk Community Credit Union (Janesville, Wis.); City Employees Credit Union (Knoxville, Tenn.); Community America Credit Union (Lenexa, Kan.); Congressional Federal Credit Union (Washington); Coulee Dam Federal Credit Union (Coulee Dam, Wash.); DFCU Financial (Dearborn, Mich.); Dupont Community Credit Union (Waynesboro, Va.); Fairfax County Credit Union (Fairfax, Va.); First Entertainment Credit Union (Hollywood, Calif.); Harvard University Employees Credit Union (Cambridge, Mass.); Interra Credit Union (Goshen, Ind.); Municipal Credit Union (New York, N.Y.); Pima Federal Credit Union (Tucson, Ariz.); Quorum Federal Credit Union (Purchase, N.Y.); and San Mateo Credit Union (Redwood City, Calif.); Scient Federal Credit Union (Groton, Conn.).