Woodforest Financial Group has renewed an agreement with the Pulse electronic funds transfer network in which Pulse will provide the privately held bank holding company ATM and PIN-based point-of-sale debit services, both companies announced recently.
Pulse will be the exclusive network provider of PIN-debit services for Woodforest National Bank and Woodforest Bank.
Pulse also will support access for the banks’ debit cardholders to its nationwide network of ATMs. Pulse trademark debit cards can access nearly 300,000 ATMs in United States, Canada, Mexico and certain parts of the Caribbean, says a Pulse spokesperson.
Neither Pulse nor Woodforest disclosed the contract’s specific length, calling it “long term.”
Woodlands, Texas-based Woodforest Financial Group supports more than 850,000 accounts and operates more than 725 branches in 17 states. The number of bank-issued debit cards was not immediately available.
With debit playing an increasingly important role in how consumers spend and manage money, working with Pulse an expert in debit card processing is critical, Robert J. Marling Jr., Woodforest Financial chairman and CEO, said in a statement.
