Cardholder Access to National ATM Network Also Included in Agreement
HOUSTON & THE WOODLANDS, Texas, Feb 11, 2010 (BUSINESS WIRE) -- PULSE, one of the nation's leading PIN debit/ATM networks, has extended
and expanded its long-term relationship with Woodforest Financial Group
for PIN point-of-sale (POS) debit and ATM services.
Under terms of the agreement, PULSE will be the exclusive network
provider of PIN POS debit services to Woodforest Financial Group and its
bank affiliates - Woodforest National Bank and Woodforest Bank. In
addition, PULSE will provide the banks' cardholders with access to
PULSE's nationwide network of ATMs.
"PULSE has provided ATM and PIN debit services to Woodforest for more
than 25 years, and we are very pleased to extend and further develop our
relationship," said Dave Schneider, President of PULSE. "Being chosen to
provide PIN debit network services by an innovative institution like
Woodforest demonstrates our ability to deliver the acceptance,
transaction processing services and customer support necessary to meet
the institution's PIN debit needs."
Woodforest Financial Group is a privately owned community bank holding
company headquartered in The Woodlands, Texas. Through its bank
affiliates, Woodforest Financial Group services over 850,000 accounts
from more than 725 branches located throughout 17 states.
"We have long relied on PULSE as a trusted debit network to serve our
cardholders, and we are looking forward to continuing our relationship,"
said Robert E. Marling, Jr., Chairman and Chief Executive Officer of
Woodforest Financial Group. "With debit playing an increasingly
important role in how consumers spend and manage their money, working
with a network that possesses the expertise in PIN debit that PULSE does
is critical.
"PULSE's ability to deliver reliable electronic payment services to our
cardholders, along with the responsiveness and outstanding customer
service we expect, were deciding factors in continuing our mutually
successful relationship," added Marling.
About PULSE
PULSE, a Discover Financial Services company, is a leading debit/ATM
network, serving more than 4,400 banks, credit unions and savings
institutions across the United States. The network links cardholders
with ATMs and POS terminals at retail locations nationwide. Through its
global ATM network, PULSE provides worldwide cash access for Diners Club
and Discover cardholders through hundreds of thousands of ATM locations.
The company is also a source of electronic payments research and is
committed to providing its participants with education on emerging
products, services and trends in the payments industry. For more
information, visit www.pulsenetwork.com.
About Woodforest Financial Group, Inc. and Its Family of Companies
Celebrating 30 years of banking success, Woodforest Financial Group,
Inc. is a privately owned community bank holding company that includes
Woodforest National Bank and Woodforest Bank in its family of companies.
Together, they currently service over 850,000 accounts from more
than 725 branches located throughout Texas, North Carolina, Ohio,
Maryland, Pennsylvania, Virginia, West Virginia, Illinois, Indiana,
South Carolina, Kentucky, Alabama, Louisiana, Mississippi, New York,
Georgia and Florida. For more information, visit www.woodforest.com.
SOURCE: PULSE
PULSE
Steve Sievert, 832-214-0111
ssievert@pulsenetwork.com
or
Woodforest National Bank
Cindi Stewart, 832-375-2508
cstewart@woodforest.com