WILMINGTON, Del., June 11 /PRNewswire/ -- Electronic Payment Services,
Inc. (EPS) announced today that it has been selected by the Credit Union
Consumers' Cooperative (CUCC) as a preferred electronic funds transfer (EFT)
vendor for its member credit unions. EPS will provide comprehensive
electronic transaction processing services, including terminal driving for
ATMs and advanced self-service terminals, processing for MasterMoney(TM) and
Visa Check(R) debit cards, and gateway services. The CUCC was organized in
April of 1997 to acquire and distribute goods and services for the benefit of
credit unions and their members throughout New Hampshire.
"We wanted to align ourselves with an industry leader so we could
differentiate ourselves from others in the marketplace," said Ron Rioux,
Chairman of the CUCC and president and CEO of St. Mary's Bank. "EPS was able
to offer the latest in technology and a commitment to service that we feel
will provide real value to our member credit unions, as well as an attractive
pricing package," said Rioux.
Steve Dawe, senior vice president, sales, EPS, said, "Our partnership with
the Credit Union Consumers' Cooperative offers a one-stop-shopping solution to
the member credit unions that we jointly serve. CUCC endeavors to best
position their members by enhancing their member product offering and
providing the benefit of volume pricing," Dawe said.
Electronic Payment Services, Inc. (EPS), a privately held company
headquartered in Wilmington, Delaware, is a leading electronic funds transfer
(EFT) processor in the United States, with approximately 2.3 billion
transactions annually. EPS is the holding company for BUYPASS Corporation, a
major third-party POS processor and debit transaction acquirer with annual
transaction volume of over 1 billion; and MONEY ACCESS SERVICE INC., an EFT
processor driving 27,000 ATMs in all 50 states. MONEY ACCESS SERVICE is also
operator of the MAC(R) EFT network, the largest EFT network in the United
States based on almost 1.3 billion switch transactions annually, with 36,000
ATMs and over 426,000 POS terminals nationally. Close to 2,200 financial
institutions are members of the MAC network, with 36.8 million customers
carrying cards bearing the MAC logo. MONEY ACCESS SERVICE INC. controls the
license rights for the registered trademark MAC.
SOURCE Electronic Payment Services, Inc.
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CONTACT:
Tricia L. Schafer, Public Relations Associate
of Electronic Payment Services, 302-791-8906
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