Joint Check Processing Center LaunchesOperations In Hawaii

July 28, 2004, 1:00 a.m. EDT 1 Min Read

HONOLULU, Hawaii - (07/28/04) -- Pacific Processing Partners, LLC, ajoint venture between Hawaii USA FCU and WesCorp FCU, has beenlaunched here. The new CUSO will provide image-enabled checkprocessing services for credit unions located throughout theislands. The processing center is located inside HawaiiUSA FCU'smain office in downtown Honolulu and had been clearing share draftsfor members of the CU. WesCorp plans to migrate all items from itsexisting 54 credit union member clients to Pacific ProcessingPartners over the course of the next five months. The CUSOanticipates total volumes will exceed 1,000,000 items per month atthat time and has the capacity to accommodate more items andclients.

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

MORE FROM AMERICAN BANKER

Monetary policy

Fed's rate cut trajectory unclear as dueling dissents emerge

The Federal Open Market Committee voted to reduce interest rates by 25 basis points Wednesday, but the emergence of dissents on the committee makes the chance of another quarter-point cut in December less certain.

By Maria Volkova

10h ago
Small business banking

Small businesses' must-haves: Speed, simplicity, capital

American Banker's 2025 Small Business Banking conference yielded lessons about the need for speed, simplicity and safety in small-business lending. Other key takeaways included the significance of digital payment options and the importance of continuing to process SBA loan requests during the government shutdown.

By Allissa Kline

11h ago
Earnings

UMB shows growth and growing pains as it absorbs Heartland

Nine months after acquiring Heartland Financial, Missouri's largest bank posted a complicated quarter.

By Nathan Place

October 29
Stablecoin

Western Union plots its stablecoin move

The legacy money transfer firm plans to launch USDPT, a coin designed to improve international payment processing. That and more in the American Banker global payments and fintech roundup.

By John Adams

October 29
Climate change

What the pullback of U.S. climate guidance means for banks

Credit analysts say climate risk could still pose a financial threat to financial institutions, even though the federal government has taken an ax to Biden-era climate guidance.

By Catherine Leffert

October 29
Fiserv

Fiserv's earnings miss 'difficult to comprehend'

The bank technology company, which faces market pressure from fintechs, cut its outlook by about 20% and restructured its leadership following the departure of former CEO Frank Bisignano to the Trump administration.

By John Adams

October 29