AFFN Resigns With Fiserv

Published June 21, 2006, 1:00 a.m. EDT

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Updated August 27, 2020, 2:11 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.

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