Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
CU Is First To Implement MasterCard Digital Wallet
ST. PETERSBURG, Fla. (4/19/13)--Lake Trust CU, a member-owner of credit union service organization PSCU, is the first U.S. credit union to deploy MasterCard's MasterPass digital wallet service, PSCU announced.

PSCU's initial implementation of MasterPass provides online shoppers with a simple check-out process by eliminating the need to enter detailed shipping and card information with every purchase. In addition to MasterCard cards, consumers can use other branded credit, debit and prepaid cards.

"PSCU member-owners like Lake Trust are forging into exciting new territory to more deeply engage members with services that truly simplify their lives and add value to their credit union relationship," said Michael J. Kelly, president/CEO of St. Petersburg, Fla.-based PSCU. "MasterPass is a prime example of how credit unions can quite easily and quickly enhance their standing as the preferred financial service provider in their communities."

Members of Lansing, Mich.-based Lake Trust CU can register their payment cards, store their payment, billing and shipping information and set their security credentials and preferences through the credit union's own branded MasterPass site. Once registered, members can select MasterPass as their payment method at participating merchants and speed through checkout.

"Payment methods and channels are evolving at an incredibly rapid pace," said David Snodgrass, Lake Trust CU president/CEO. "Secure and simple payment technology like MasterPass gives our members greater opportunities for transactional convenience. We want our members to know Lake Trust is committed to continual innovation in financial services that can enrich their lives."


RSS print
News Now LiveWire
Goodwill Industries latest to report data security breach http://t.co/gIaXNsT4Bk
1 hours ago
CUNA economist Schenk discusses regulators' focus on interest-rate risk. See CU Magazine: http://t.co/tW1p9rTSSv
3 hours ago
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
3 hours ago
Children in foster care face higher risk of identity theft via @NBCNews http://t.co/Dif0hCfBdA
3 hours ago
.@Cornerstone_CUL's leadership conference includes food drive for San Antonio food bank http://t.co/h2O8O4TxuD
4 hours ago