PSCU announced today that Lake Trust Credit Union (Lansing, MI) will be the first credit union in the U.S. to deploy MasterCard’s MasterPass digital wallet service. The PSCU Member-Owner credit union has been participating in a MasterPass pilot since PSCU announced its partnership with MasterCard MasterPass in late February.
The implementation of MasterPass provides online shoppers 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.
“We are delighted that Lake Trust Credit Union has embraced this new payments technology and moved rapidly forward to live production with their own branded MasterPass site,” said Michael J. Kelly, PSCU’s President & CEO. “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.”
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