Jeremiah Lotz, Managing Vice President, Digital and Data at PSCU, and Norm Patrick, VP of Advisors Plus, joined us on the show to share the announcement about PSCU launching its new Monthly Payments Index to track consumer behavior and the latest payments trends.
Both Jeremiah and Norm discussed what is the PSCU’s monthly payments index exactly, segueing from the CUSO's very popular and informative weekly Transaction Insights report during COVID.
Credit unions that process with PSCU can access comparable reports to benchmark their own membership data with the PSCU Payments Index for debit, credit and ATM transactions via Member Insight, the CUSO’s comprehensive data analytics and reporting tool. PSCU’s Payments Index leverages its industry-leading Data Science and Analytics tools that analyze data from billions of transactions annually.
The Monthly Payments Index will it include:
Three-year and current transaction trends data
Deep dives into different merchant sectors
Thought leadership and analysis
Perspective and insights from PSCU and industry leaders
U.S. state and territory analysis on debit purchases, credit purchases and ATM transactions
Infographics and charts to illustrate and explain data trends