Today In Digital-First Banking: PSCU’s CU Recovery & TLSC Widens Relationship With Advia; MoneyGram Collaborates With Visa On P2P

In today’s top news in digital-first banking, PSCU company CU Recovery & The Loan Service Center grew its relationship with Advia Credit Union, while MoneyGram and Visa are collaborating to introduce a peer-to-peer (P2P) payment offering to people in Vietnam. Plus, Virgin Money has added U.K. FinTech Codat onto its roster of partners.

PSCU’s CU Recovery & The Loan Service Center Grows Relationship With Advia

PSCU company CU Recovery & The Loan Service Center (TLSC) has widened its relationship with Advia Credit Union. TLSC began providing early-stage payment reminders for the credit union (CU) aside from third-party support services for recoveries on charged-off loans and shares. “Collaborating with The Loan Service Center will enable our in-house collection team to maximize their time, focus and efforts on creating optimal resolutions for later-stage delinquent members,” Joe Trotter, manager of Collections at Advia Credit Union, said in an announcement.

MoneyGram Teams With Visa To Roll Out Real-Time P2P Payments In Vietnam

Visa and MoneyGram are teaming to debut a real-time P2P payment offering to individuals in Vietnam. Individuals will soon have the capacity to transfer money electronically to Vietnam via the MoneyGram mobile program or website from the United Kingdom, the United States and 18 European nations via Visa Direct. “Our digital solution will enable MoneyGram consumers to quickly and conveniently receive money directly into their bank accounts via Visa Direct,” Madame Dang Tuyet Dung, country manager at Visa Vietnam and Laos, said in a release.

Virgin Money Teams With Codat For Business Banking Technology

Virgin Money has brought Codat onto its lineup of partners as it boosts its digital business banking qualifications. The technology of Codat will have an important role in enabling the communication of data among Virgin Money and its business bank customers. Codat, which was established in 2017 in the United Kingdom, connects the technology inside of small- to medium-sized businesses (SMBs) to financial institutions (FIs), banks and FinTechs. “Our [application programming interface (API)] offers many powerful use cases that strengthen the relationship between bank and customer,” Codat CEO Pete Lord said in an announcement.

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