ANCHORAGE, Alaska – Alaska Option, an electronic funds transfer network owned by Alaska USA FCU and six other credit unions, has signed a multi-year contract with TSYS to provide processing for Visa and MasterCard credit and signature debit card programs.
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The contract provides for integrated settlement, dispute management and reconciliation processes. Credit unions now may select to work with one payment provider for all of their card program and EFT payment needs.
TSYS will provide Alaska Option with product development, new account origination, portfolio management and turnkey operating solutions for consumer and commercial credit cards.
