Velera is a credit union service organisation (CUSO) and financial technology provider serving the credit union and financial institution market in North America. Founded in 1977, the company delivers payment processing, fraud prevention and digital banking capabilities to more than 4,000 financial institutions, and processes nearly 16 billion transactions a year. Its combined operating expertise draws on more than 45 years of experience from PSCU and Co-op Solutions.
The company's technical work spans payment processing, fraud prevention and digital banking, areas in which machine learning and data engineering are applied to high-volume transaction flows and to the detection of fraudulent activity at scale. Velera describes its purpose as helping credit unions compete with larger institutions, having been founded to enable them to offer payment solutions to their members.
Operations are concentrated in the United States and the wider North American market, across the credit union, payments and banking-technology sectors. Velera states that it works at speed to keep clients abreast of rapid industry change, and places emphasis on service quality and on accelerating the growth of its partners. The company's website is https://velera.com/.
