PULSE Continues to Provide Comprehensive Debit Services to $3 Billion Financial Cooperative
HOUSTON, May 07, 2008 (BUSINESS WIRE) -- Randolph-Brooks Federal Credit Union, a $3 billion not-for-profit
financial cooperative based in Live Oak, Texas, has extended its
participation in the PULSE ATM/debit network through an exclusive
agreement. Under terms of the new agreement, Randolph-Brooks will
utilize PULSE exclusively for PIN debit transactions at the point of
sale, and for signature debit processing. The credit union also uses
PULSE for ATM transactions and gateway connections to other networks.
"Randolph-Brooks is pleased to extend its relationship with the
PULSE network through an exclusive agreement," said Randy Smith,
president and CEO. "PULSE offers a variety of debit services that not
only meet our needs as a financial institution, but also the needs of
our members. It's a partnership we have valued and trusted over the
past 16 years."
Randolph-Brooks was ranked 25th in asset size among U.S. credit
unions as of yearend 2007, according to American Banker. The credit
union has more than 260,000 members and operates 28 locations across
Central and South Central Texas, including Austin, Buda, Floresville,
Live Oak, Lockhart, New Braunfels, San Antonio, San Marcos, Schertz
and Seguin. A PULSE participant since 1992, Randolph-Brooks said it
views PULSE as not just a vendor, but a trusted partner that plays a
consultative role in helping to enhance its electronic payments
program.
"In addition to being a long-time PULSE participant and strong
supporter of the network, Randolph-Brooks was a beta development
partner in the implementation of our new DebitProctect(SM) fraud
detection service," said Dave Schneider, PULSE president.
"DebitProtect has enabled the credit union to identify debit card
fraud earlier and respond proactively, thereby reducing the negative
impact on its members."
About Randolph-Brooks Federal Credit Union
Chartered in 1952 as a not-for-profit financial cooperative,
Randolph-Brooks' mission is to help improve members' economic
well-being and quality of life by offering financial products and
services that enrich the lives of a diverse membership in an
ever-changing marketplace. For more information about Randolph-Brooks,
visit www.rbfcu.org.
About PULSE
PULSE is one of the nation's leading ATM/debit networks, currently
serving more than 4,500 banks, credit unions and savings institutions
across the country. PULSE is owned by Discover Financial Services
(NYSE: DFS). The network links cardholders with more than 265,000
ATMs, as well as POS terminals at retail locations nationwide. The
company is also a valued resource for industry research related to
electronic payments and is committed to providing its participants
with education on evolving products, services and trends in the
payments industry. For more information, visit www.pulse-eft.com.
SOURCE: PULSE and Randolph-Brooks Federal Credit Union
PULSE
Anne Rhodes, 832-214-0234
or
Randolph-Brooks FCU
Tracy Hennigan, 210-637-4150