ST. PAUL, Minn. MnIPC, an item processor owned by the Minnesota CU Network, has acquired ProDraft Services, a North Dakota CUSO that provides correspondent and EFT processing solutions.
MnIPC said the purchase of ProDraft significantly expands its footprint into neighboring North Dakota, and complements MnIPC’s nationwide expansion that began several years ago. Earlier this year, MnIPC announced a cooperative effort with CUsource in Montana, adding CUSOs to its client list and enabling the company to showcase its quality of service on a national level.
The merging of these assets creates additional strength for MnIPC clients, it said, and offers a continuation of the services offered by ProDraft, with the benefits of enhanced technology, greater efficiencies and increased financial stability. In addition, MnIPC said the merger allows it to offer expanded products and services to its clients and be well-positioned for future growth opportunities.
