CINCINNATI and WASHINGTON, May 12,
2011 /PRNewswire/ -- Fifth Third Processing Solutions is
pleased to announce that NAFCU Services Corporation, a wholly owned
subsidiary of the National Association of Federal Credit Unions,
has extended an agreement with Fifth Third Processing Solutions as
its exclusive preferred partner for electronic funds transfer (EFT)
services including ATM and debit card processing, terminal driving,
network gateway transaction processing and credit card processing
and servicing.
"Since 2007 Fifth Third Processing Solutions has provided a
multitude of solutions to enable credit unions to establish
top-notch, quality debit, credit and ATM programs, said
David Frankil, president of NAFCU
Services. "We've worked closely with them on numerous
initiatives designed to educate credit unions on their technology,
security and marketing needs. All of which is proof-positive
of Fifth Third Processing Solutions' lasting commitment to the
credit union market and their innovative, flexible solutions to
generate a competitive advantage for credit unions."
"Fifth Third Processing Solutions understands the importance of
building loyal relationships with credit unions, and has a true
understanding of the credit union business," commented Michael
Lussier, President and CEO of Webster First Federal Credit Union
and NAFCU Chairman. "For years, they have partnered with us and
provided solutions that meet the needs of our members while
creating opportunities for efficiencies and revenue growth for our
credit union."
"We highly value our relationship with NAFCU Services
Corporation," said Royal Cole,
President, Financial Institution Services, Fifth Third Processing
Solutions. "Our status as a preferred partner allows us to
work with the strategic leaders in the credit union industry and
deliver solutions that drive greater efficiencies for our credit
union partners and their members."
About Fifth Third Processing Solutions
Fifth Third Processing Solutions, LLC delivers innovative
payment transaction processing and acceptance solutions to create
and support complex payment strategies for merchants, businesses,
and financial institutions around the world. A pioneer in card
payment acceptance in the early 1970s, Fifth Third Processing
Solutions is headquartered in Cincinnati,
Ohio, and is a joint venture with Advent International and
Fifth Third Bank, a subsidiary of Fifth Third Bancorp (FITB).
As a premier full service payment solutions provider, the
Company provides servicing solutions and product engineering for
financial institutions’ and retailers’ credit card, debit card,
merchant and private label programs, processing over 11.4 billion
ATM and point of sale transactions and over $378 billion in debit and credit card sales
volume annually. Its subsidiary, NPC, is the largest provider of
payment processing services exclusively focused on the
small-to-medium merchant processing market. The Company
supports over 406,000 merchant and financial institution locations
and 12,000 ATMs in 46 states and 8 countries. According to the
Nilson Report (March 2011), the
Company is the largest PIN Debit U.S. acquirer and third largest
U.S. merchant transaction acquirer ranked by general purpose
transaction volume. Learn more at www.FTPSLLC.com.
About NAFCU Services Corporation
NAFCU Services Corporation is a wholly owned subsidiary of the
National Association of Federal Credit Unions (NAFCU). Since 1975,
NAFCU Services has partnered with the industry's leading solutions
providers to offer value-added products and services at a discount
to credit unions. Currently, it offers 30 Preferred Partner
programs to the credit union community. For more information about
NAFCU Services Corporation, please visit
www.nafcu.org/nafcuservices.
CONTACT:
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CONTACT:
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David Frankil
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Lynn M. Rhoads, Senior Vice
President
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President, NAFCU Services
Corporation
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Communications
Director
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703.842.2226
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513.534.7742
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dfrankil@nafcu.org
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lynn.rhoads@53.com
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www.nafcu.org/nafcuservices
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www.ftpsllc.com
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SOURCE Fifth Third Processing Solutions