Humboldt Causes
Humboldt Merchant Services is funding Operation Underground Railroad (OUR) and Vista Maria. These two world-class organizations are dedicated to the eradication of human trafficking and sex slavery.
PSCU Board
PSCU announced the appointments of Cathy Pace, President and CEO, Allegacy Federal Credit Union, Winston-Salem, North Carolina; and Andrew Rosen, President and CEO, Hawaii State Federal Credit Union, Honolulu.
Intl Bancard Exec
International Bancard has ankled Steve Ventura as its Senior Vice President of Partner Development. Ventura brings 20 years of business, sales and partnership experience to International Bancard at its corporate headquarters just outside Detroit.
Other Breaking News
In today’s CardFlash News Que: ACI (board); AMEX (study); CSI (China); and NAB (award).
NAB CFM Exec
MI-based North American Bancard (NAB) has ankled Rhett Rowe as president of its subsidiary, Capital for Merchants (CFM), a merchant cash advance program that helps businesses get the working capital they need. In his new position, Rowe will be responsible for providing strategic
CUSO + PSCU
PSCU has announced that Community 1st Credit Union has joined the nation’s leading CUSO after an extensive partner evaluation process. The credit union, which currently has more than 55,000 members, $530 million in assets, and 16 locations in 14 cities, signed a five-year deal with PSCU.
Credit Union ONE selects DNA from Fiserv
Credit Union ONE has selected the Fiserv DNA account processing platform from Fiserv to increase efficiency and implement its long-term growth strategy. Leaders at the $810 million asset credit union cited the DNA platform’s easy integration, highly configurable feature-set and innovative DNAcreator™ toolkit as key to its decision. Recognized by industry-leading analysts for its technology, user experience and breadth of functionality, DNA from Fiserv is the first open, person-centric core banking platform built for collaboration. DNA was completely rewritten using Microsoft’s leading .NET Framework for a state-of-the-art core platform that banks and credit unions can rely on for the long-term. With DNA, Credit Union ONE benefits from 24/7 real-time processing, robust retail, mortgage and commercial banking capabilities, and a 360 degree view of its retail and business relationships.
Wildfire CU Deploys Fiserv Processing
Fiserv announced Wildfire Credit Union selected its “DNA” account processing platform and a comprehensive set of integrated solutions from Fiserv to better serve its more than 37,000 members. The “DNA” platform from Fiserv is the first open, person-centric core banking platform built for global collaboration. DNA was completely rewritten using C# within the .Net framework for a state-of-the-art core platform that banks and credit unions can rely on for the long-term. With DNA, clients benefit from 24/7 real-time processing, robust retail, mortgage and commercial banking capabilities and a 360 degree view of retail and business relationships. Wildfire will also implement “Nautilus” enterprise content management, Prologue™ financial accounting, ConvergeIT® interactive voice response, AML Manager anti-money laundering and the CRM/BI suite for DNA.
GE Capital Retail Bank Inks La-Z-Boy Card Program
GE Capital Retail Bank and La-Z-Boy inked a five-year extension of their relationship to provide consumer credit card services through many of the home furnishings retailer’s 781 U.S. retail locations. GE Capital Retail Bank provides financial solutions to retailers to help grow their customer sales and will continue to service the account and manage the La-Z-Boy relationship. Customers can apply online or use in-store application kiosks for secure processing and fast credit decisions. GE Capital has helped major retailers and more than 200,000 small- and mid-sized businesses throughout the United States build consumer financing programs that support business growth and customer satisfaction.
DANTOM Systems Achieves PCI DSS Level 1 Recertification
DANTOM Systems is pleased to announce the achievement of its annual recertification of PCI DSS Level 1, version 2.0 compliance. PCI DSS Level 1 certification is required for organizations processing over six million payment transactions annually. In addition to achieving PCI DSS Level 1, DANTOM also was recertified as complying with the following laws, regulations…
TSYS Inks Extension with Veracity Payment
TSYS has extended its long-term agreement with Veracity Payment Solutions to serve as their full-service payment solutions provider. Veracity will utilize TSYS’ POS solutions and systems to support its full-service payment technology to more than 12,000 businesses nationwide, for which it processes approximately $2 billion in transaction volume annually. Veracity is a merchant acquirer and provider of payment transaction processing services, related software applications and other value-added products to primarily small- and medium-sized merchants. It ultimately devises and delivers emerging payment solutions that have traditionally been available to only larger financial institutions and businesses.
Apple FCU Extends PSCU Credit Card Servicing Agreement
Apple Federal Credit Union signed a contract extension for credit card servicing from PSCU Financial Services through 2014. The credit union has $1.4 billion in assets, 120,000 members and has been a member of the CUSO since 1987. The credit union’s portfolio of 24,000 accounts represents $60 million in outstandings. It is leveraging “AdvisorsPlus” experts to design promotional campaigns and has placed responsibility for the credit card program with one management team member. PSCU Financial Services serves more than 1,500 financial institutions, representing 16 million credit, debit, prepaid, electronic banking and online bill payment accounts.