St. Petersburg, Fla. — (Jan. 17, 2019) — According to the National Retail Federation, holiday sales for 2018 were expected to increase by 4.3 percent to 4.8 percent over 2017. PSCU, the nation’s premier payments CUSO, has released data indicating spend growth of 10 percent among Owner credit unions, more than double the forecast. The data also shows that debit cards contributed the most to overall spend growth, potentially pointing to a shift in consumer confidence when it comes to payment preference for discretionary versus non-discretionary spend.
PSCU, the nation’s premier payments CUSO, supports the success of over 900 Owner credit unions representing more than 2 billion transactions annually. Committed to service excellence and focused on innovation, PSCU’s payment processing, risk management, data and analytics, loyalty programs, digital banking, marketing, strategic consulting and mobile platforms help deliver possibilities and seamless member experiences. Comprehensive, 24/7/365 member support is provided by contact centers located throughout the United States. The origin of PSCU’s model is collaboration and scale, and the company has leveraged its influence on behalf of credit unions and their members for more than 40 years. Today, PSCU provides an end-to-end, competitive advantage that enables credit unions to securely grow and meet evolving consumer demands. For more information, visit pscu.com .