Certegy Inc. (NYSE:CEY), a leading global card processor, today announced that it would provide credit card processing to Associated Credit Union, a $665 million Norcross, Georgia based institution with 151,000 members. They will move their entire base of 21,000 credit cards to Certegy, the nation’s preeminent card processor for credit unions and community banks.
“We selected Certegy because they offer the best solution for cardholders to view their credit card information on the Internet,” said Greg Connor, executive vice president at Associated Credit Union. “In addition to their Internet products, Certegy’s ‘a la carte’ offering of products and services allows us to pick and choose the services that best meet our members’ needs – we didn’t find this option with any other processor,” continued Connor. “The ability to move some back office functions to Certegy including, payment processing, fraud management and chargebacks, will afford us increased cost efficiencies. We look forward to working with Certegy’s Business Development Consultants to assist us in growing our card program.”
Associated Credit Union comes to Certegy through a relationship with Georgia Credit Union League Acceptance Corporation, (“GCUL-AC”) an organization that is part of the Georgia Credit Union Affiliates. GCUL-AC established its partnership with Certegy in 1996 and currently has 57 credit unions with 100 card programs participating. “We have a long-standing relationship with Associated Credit Union,” said Diana Houston, senior vice president, Georgia Credit Union Affiliates. “We are pleased that they chose Certegy’s credit card processing services.”
“Certegy is delighted to have Associated Credit Union as a new client,” said Bob Bream, senior vice president and general manager, Certegy Card Services – North America. “Through our comprehensive credit union card processing services we will assist Associated Credit Union in attaining increased profitability through use of our outsourced and special consulting services.”
Certegy (NYSE:CEY) provides credit and debit card processing, check risk management and check cashing services, and merchant processing to over 6,000 financial institutions, 117,000 retailers and 100 million consumers worldwide. Headquartered in Alpharetta, Georgia, Certegy maintains a strong global presence with operations in the United States, Canada, United Kingdom, Ireland, France, Chile, Brazil, Australia and New Zealand. As a leading payment services provider, Certegy offers a comprehensive range of transaction processing services, check risk management solutions and integrated customer support programs that facilitate the exchange of business and consumer payments. Certegy generated $936 million in revenue in 2001. For more information on Certegy, please visit [www.certegy.com].