PULSE to Provide PIN Debit, ATM Network Services
HOUSTON--(BUSINESS WIRE)--Aug. 30, 2012--
PULSE, one of the nation’s leading debit/ATM networks, has extended and
expanded its long-term relationship with Motorola Employees Credit Union
(MECU), as MECU’s network provider for PIN debit. The agreement provides
MECU’s 39,000 members with access to point-of-sale (POS) terminals at
retail locations across the U.S. through PULSE PAY®, as well
as PULSE’s nationwide network of more than 380,000 ATMs.
MECU, with 10 branch locations in Illinois, Florida, Georgia,
Massachusetts and Texas, has been a PULSE participant since 2007. MECU
chose to expand its relationship with PULSE following a comprehensive
review, facilitated by the Illinois Credit Union League Service
Corporation, that included a detailed analysis of MECU’s debit program
transaction history. The process confirmed that MECU achieves improved
debit economics when its PIN debit transactions are routed through PULSE.
“Debit plays an increasingly important role in how consumers spend and
manage their money. This agreement with PULSE gives our members
convenient and secure access to their checking accounts at merchant
locations and ATMs nationwide,” said Michael Murphy, MECU Executive Vice
President and Chief Operations Officer. “We’re confident in PULSE’s
ability to provide reliable electronic payment services to our members
and, at the same time, help increase our bottom line. Both are critical
for our credit union.”
The agreement also includes the PULSE® Debit Dashboard, a
web-based tool that provides MECU access to its data to analyze the
performance of its debit program, and PULSE’s fraud detection service,
DebitProtect®, which helps MECU and other financial
institutions combat debit card fraud.
“PULSE is pleased that MECU has chosen to extend and further develop its
relationship with our network under a new, long-term agreement,” said
Leah Henderson, PULSE Executive Vice President, Sales and Account
Management. “For more than 30 years, we’ve delivered innovative debit
products and services, and we continue to bring value to our financial
institutions’ debit card programs. That’s evidenced by our success in
re-signing existing participants like MECU, and in winning new ones.”
About PULSE
PULSE, a Discover Financial Services (NYSE: DFS) company, is a leading
debit/ATM network, serving more than 6,300 financial institutions across
the United States. This includes 4,300 issuers with which PULSE has
direct relationships and more than 2,000 additional issuers through
agreements PULSE has with other debit networks. PULSE 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 more than 850,000 ATM locations in more
than 100 countries. The company also is 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
or follow PULSE on Twitter @PULSENetwork.
About ICUL Service Corporation
A subsidiary of the Illinois Credit Union League (ICUL), the ICUL
Service Corporation operates as a credit union service organization
offering a wide array of fee-based products and services and is
dedicated to helping credit unions compete. Its services include credit,
debit, pre-paid debit, and ATM cards; strategic planning and
collections. It serves more than 2,400 credit unions in 49 states
including Illinois, as well as the District of Columbia. More
information can be found at: www.iculsc.com.
ICUL is the primary trade association for credit unions in Illinois,
which provides members with information, legislation and education.
Membership is open to any credit union operating in accordance with the
Illinois Credit Union Act or the Federal Credit Union Act. There are 365
credit unions in Illinois with more than 2.84 million members.
Source: PULSE
PULSE
Patty Sendelbach, APR, 832-214-0395
patty.sendelbach@pulsenetwork.com
or
DPK
Public Relations
Daniel Keeney, 832-467-2904
dkeeney@dpkpr.com