Fiserv EFT, Northeast CU To Partner
Fiserv, Inc. said its Fiserv EFT/CNS unit and New Hampshire's Northeast Credit Union have extended their electronic funds transfer (EFT) processing agreement for an additional five years. The two organizations began their original EFT relationship in 1983. Under the terms of the agreement, Fiserv will continue to provide Northeast with ATM driving support, network gateway access and on-line host authorizations. For info: www.fiserv.com.
Firm Brokers Sale of Portfolio
PETERBOROUGH, N.H.-Brookwood Capital has brokered the sale of Springfield Teachers CU's credit card portfolio to InfiCorp. As of March 31, STCU had 1,700 credit card accounts and $2.1 mllion in receivables. For info: 603-371-9087
Christmas Card Promo Available
DES MOINES, Iowa-The Members Group is reporting there is still time to implement and market a gift card program prior to the Christmas holidays through Credituniongiftcards.com. The company said it launched the gift card product more than a year ago and has seen interest both from credit unions and their members - in some surprising ways. "Consumers' acceptance of gift cards has boomed during the past year," said Jeff Russell, CIO/VP-strategic development. "More than three-million gift cards were issued by financial institutions nationally in 2003. Consumers use gift cards for more than a replacement for the traditional gift. We even have clients who issue cards to their business members who are offering incentives and bonuses to their employees on these easy-to-use cards."