Velera

Velera is a payments credit union service organization (CUSO) and financial technology provider, supplying payment processing, fraud prevention and digital banking capabilities to financial institutions. The company serves more than 4,000 institutions across North America and processes nearly 16 billion transactions a year. It has been in operation for 47 years, with combined expertise of more than 45 years drawn from PSCU and Co-op Solutions.

Its portfolio comprises three main areas. Payment processing lets credit unions offer payment services to their members. Fraud prevention is delivered as part of an integrated fintech solutions suite. Digital banking capabilities are designed to help credit unions compete as the financial landscape changes. The technical work spans payments technology, payment processing, fraud prevention, digital banking and financial technology more broadly.

Velera was founded to help credit unions offer payment solutions to their members, and states a mission of accelerating partners' success and fuelling their growth. The company describes itself as operating with velocity so that clients can keep pace with rapid change, and places emphasis on service experience. Its markets are concentrated in North America, particularly the United States, across the credit union, financial services, payments and banking technology sectors.