PSCU First CUSO to Offer Google Wallet to Credit Unions

Six Member-Owners are Early Adopters of Innovative Mobile Payment Technology

St. Petersburg, Florida – (September 13, 2012) – Today, PSCU announced it has partnered with Google to make card art from six of its Member-Owner credit unions available in the Google Wallet mobile app. When cardholders of the six participating PSCU credit unions add their cards to Google Wallet they will see an actual image of their credit union’s card. This brand reinforcement is key to helping credit unions own their share of the mobile channel.

The six credit unions participating with PSCU as early adopters of leading edge payments technology include: Arkansas Federal Credit Union (AR), BCU (IL), CFE Federal Credit Union (FL), GTE Financial (FL), TruMark Financial Credit Union (PA) and Vantage Credit Union (MO).

“PSCU is the first payments industry leader collaborating with Google to bring Google Wallet to the credit union market,” said Michael Kelly, PSCU CEO & President. “By working hand in hand with Google, credit unions can know that PSCU’s relationships with technology innovators give them the edge they need to engage, attract and better serve their members. The convenience of a secure digital wallet backed by the power of the trusted PSCU and Google brands sends a strong signal about our commitment to ongoing innovation and growth for credit unions.”

Google Wallet is a virtual wallet that enables consumers to save time and money when they shop. Today, Google Wallet is accepted at 200,000 merchant locations across the US. Consumer adoption of the Google Wallet app has nearly doubled since early August when Google released a new, cloud-based version of the app that supports all debit and credit cards.

PSCU is working closely with Google on other initiatives that will enable all of its credit unions to brand their payment cards in Google Wallet.

About PSCU

PSCU (St. Petersburg, Fla.) is the nation's leading credit union service organization (CUSO) and serves more than 1,500 financial institutions nationwide. As a non-profit cooperative, the company is owned by more than 680 member credit unions representing 16 million credit, debit, prepaid, online bill payment, mobile and electronic banking accounts. Comprehensive 24/7/365 member support is delivered through four Contact Centers located throughout the United States that handle more than 18 million inquiries a year.

PSCU’s MōPRO initiative marries emerging technologies with proven strategies and empowers the CUSO to lead the industry in developing and delivering innovative payments solutions. This new culture of engagement, agility and energy can enhance both revenue and market share for member-owner credit unions. For more information, visit the PSCU website