EUGENE, Ore. SELCO Community CU has acquire a quarter ownership in Member Access Pacific, a CUSO that provides a Visa DPS debit, credit, ATM, prepaid and mobile processing platform.
“In partnering with MAP, we join a leading CUSO in the fast-growing payments industry,” said Bob Newcomb, president of the $1.1-billion credit union.
SELCO owns two additional CUSOs, SELCO Investment and Retirement Services and SELCO Insurance Services.
The 10 winning innovations span categories from AI and payments to risk and compliance. An overall winner will be announced at American Banker's Digital Banking event on June 2.
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The Consumer Financial Protection Bureau under President Trump plans to make changes to the rule governing consumer financial data rights despite rare bipartisan support for the regulation.
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