PULSE EFT Flees HurricaneRita
HOUSTON - (09/23/05) -- PULSE EFT Association, one of thebiggest electronic funds networks for credit unions, said Thursdayit has moved its operations to its back-up station in Dallas inorder to avoid the oncoming Hurricane Rita. The company, whichprovides electronic funds services for as many as 1,700 creditunions and another 2,500 banks, said the move is a precautionaryone designed to maintain uninterrupted service should the hurricanehit the area, as projected. The network, which is owned by MorganStanley's Discover Financial Services, established a dualprocessing platform in 2003 that allows identical operations fromeither location. PULSE was able to operate uninterrupted throughoutHurricane Katrina, providing millions of Gulf Coast residentsaccess to their funds during and after the massivestorm.