AFFN Resigns With Fiserv

June 21, 2006, 1:00 a.m. EDT 1 Min Read

TAMPA, Fla. - (06/21/06) The Armed Forces FinancialNetwork announced Tuesday it has extended its contract for networkswitching services with Fiserv EFT, a unit of Fiserv, throughDecember 2009. AFFN has collaborated with Fiserv EFT since 1985 ona number of projects, including deployment of satellite technologyto allow account access at Navy ships. Fiserv also helped AFFNbecome the first network to switch POS transactions coast-to-coastin the U.S. with a generic ATM card, enabling AFFN to become thefirst network to transmit debit card POS transactions overseas inreal time. AFFN is jointly owned by 337 defense credit unions andbanks.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Fraud

SEC charges leader of $770 million ATM-centered Ponzi scheme

Prosecutors say Daryl Heller lured 2,700 investors with promises of safe ATM profits but misappropriated $185 million.

By Carter Pape

16m ago
Data sharing

JPMorganChase reaches deal to charge Plaid for customer data

The companies have signed a new data-sharing agreement that includes an undisclosed pricing structure. Plaid said it will not pass the new costs on to its clients.

By Penny Crosman

1h ago
CRA

Senate Democrats urge regulators to rethink CRA reversal

A group of Democratic Senators led by Elizabeth Warren, D-Mass., urged regulators to keep the 2023 Community Reinvestment Act overhaul, saying the rule was carefully crafted with bipartisan input.

By Ebrima Santos Sanneh

1h ago
M&A

National Bank Holdings CEO: Vista an 'almost perfect' seller

The Denver-based bank-holding company's pending acquisition of Vista Bancshares in Dallas is an opportunity to expand into key fast-growing Texas markets and deepen its talent bench, CEO Tim Laney told analysts.

By Allissa Kline

2h ago
Federal Reserve

Trump to appeal ruling leaving Fed's Cook in place

The White House said it will appeal a circuit court ruling allowing Federal Reserve Gov. Lisa Cook to remain on the central bank board while her lawsuit challenging her dismissal is litigated.

By John Heltman

4h ago
Zelle

Zelle's small business bet helps boost payments volume

Early Warning Service's peer-to-peer payments network saw payment volume growth accelerate in the first six months of 2025, buoyed once again by small-business payments.

By Joey Pizzolato

7h ago