Search
 

ePSCU holds Internet forum

ST. PETERSBURG, Fla. - ePSCU, the e-commerce unit of PSCU, a credit/debit/EFT CUSO owned by 510 CUs, held its first-ever Internet Forum recently. Just a year old, ePSCU, which offers e-com products such as electronic bill payment, has 150 CU clients. "ePSCU is very much for real and here to...

By Staff Writer | Updated on June 12, 2001

ST. PETERSBURG, Fla. – ePSCU, the e-commerce unit of PSCU, a credit/debit/EFT CUSO owned by 510 CUs, held its first-ever Internet Forum recently. Just a year old, ePSCU, which offers e-com products such as electronic bill payment, has 150 CU clients. “ePSCU is very much for real and here to stay,” said PSCU President/CEO Dave Serlo. After Serlo’s kick-off, Katy Slater, vice president of consumer information services with research firm NFO World Group Financial Services, challenged attendees to find out who their new competitors are. She said online firms like E*TRADE are now a legitimate competitor for CUs. The firm recently made a deal with Oracle to offer its 6,000 employees in Redwood, Calif., financial services. Oracle’s HR department now includes E*TRADE material in its employee packets. “Doesn’t that sound like a credit union to you?” said Slater. E*TRADE is also partnering with retailer Target to open financial service centers in Target stores. This gets the mostly virtual E*TRADE a physical presence. Sears, Wal-Mart and other retailers are now offering “generic” co-branded MasterCard products, where in years past these cards were only for purchases at the retailer’s store. Competition can come from just about anywhere. Slater said DePaul University has opened DePaulbank.com. That university happens to be served by a CU.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.