BROOKFIELD, Wis.--April 11, 2005--Fiserv EFT, a provider of electronic funds transfer services and a unit of Fiserv, Inc. (Nasdaq: FISV), has expanded its relationship with the Virginia Credit Union League and renewed a joint marketing agreement for an additional three-year term. The District of Columbia Credit Union League also will join in the relationship. Fiserv and the Virginia League began their original EFT affiliation in 1989.
Under the agreement, the Virginia Credit Union League will continue to market Fiserv EFT's ATM and network gateway services to its membership. The District of Columbia Credit Union League also will participate in marketing these services, and both leagues will promote Fiserv EFT debit card services to their members.
Shared branch services for League members also are available through Fiserv's third-party connection to the Credit Union Service Corporation (CUSC) Next Generation Network (NGN). Currently, 90 Virginia League and 14 District of Columbia League members obtain EFT services from Fiserv.
"Fiserv EFT is a one-stop resource for comprehensive ATM and debit services for our members," said Terry Childress, senior vice president of the Virginia Credit Union League. "When we recommend Fiserv, our members know they'll receive consistent, high-quality products and performance that benefits their individual credit unions and their members."
The Virginia Credit Union League represents approximately 220 state- and federally chartered credit unions in Virginia, with 5 million members and combined assets in excess of $43 billion. The District of Columbia Credit Union League represents approximately 60 credit unions in southern Maryland, Northern Virginia and the District of Columbia. The District of Columbia League has 470,000 members with a combined $5 billion in assets.
"The Virginia Credit Union League and the District of Columbia Credit Union League provide outstanding support to their membership," said Laticia Shaw, Fiserv EFT senior vice president of client relations. "Our joint marketing agreement with the leagues continues their tradition of providing their credit union members with significant product and service suite choices. We're extremely pleased to be part of their team."
Fiserv EFT serves 3,000 client endpoints across the United States, representing financial institutions of all sizes. Fiserv EFT operates more than 16,500 ATMs, and owns the ACCEL/Exchange Network. Fiserv EFT currently processes approximately 385 million ATM and debit transactions per month, making it one of the largest electronic funds transfer (EFT) processors in the nation.
Fiserv, Inc. (Nasdaq: FISV) provides information management systems and services to the financial and health benefits industries, including transaction processing, outsourcing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, credit unions, financial planners/investment advisers, insurance companies and agents, self-insured employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $3.4 billion in processing and services revenues for 2004.
Fiserv was ranked the largest provider of information technology services to the U.S. financial services industry in the 2004 FinTech 100 survey by the American Banker newspaper and the Financial Insights research firm. Fiserv can be found on the Internet at www.fiserv.com.