Navy Army Community Credit Union, PSCU sign credit card processing deal

Texas-based Navy Army Community Credit Union has signed a deal with PSCU to re-enter the credit card market

Navy Army Community Credit Union, PSCU sign credit card processing deal

Texas-based Navy Army Community Credit Union (NavyArmy) has signed a deal with credit union service organization PSCU to re-enter the credit card market.

The long-term deal with PSCU covers full-service processing, including cardholder support, risk and fraud management services, disputes processing and statement production.

The credit union opted for PSCU as its processing partner due to the latter’s Advisors Plus strategic consulting and marketing team, as well as its Member Insight analytics platform and tools, PSCU said in a statement.

Advisors Plus consultants will help the credit union through the credit card program start-up process by suggesting card product types, pricing, profitability projections, risk management, loyalty rewards and marketing strategies, PSCU stated.

NavyArmy plans to roll out its new credit card products in the third quarter of 2016.

NavyArmy president/CEO Sarah O’ Brien said: “We’re excited to be able to meet our members’ needs for a superior credit card payments experience. We’re looking forward to working with PSCU’s team to develop our credit programs and promote awareness of our new card products and services. And we’re especially interested in leveraging their analytics tools to better understand and serve our members.”

PSCU president and CEO Chuck Fagan added: “The partnership between PSCU and NavyArmy positions the credit union to have access to many other payments solutions and technology. PSCU’s mobile apps, EMV cards, digital wallets, self-service tools and other integration services will help NavyArmy deliver and support a host of programs that attract and engage their members.”