Fifth Third Processing Solutions Signs Cheyenne, Wyoming Credit Union

CINCINNATI, Jan. 6, 2011 /PRNewswire/ -- Fifth Third Processing Solutions is pleased to announce that First Cheyenne Federal Credit Union has signed a contract for electronic fund transfer services that includes ATM and debit card transaction processing, fraud monitoring, debit card portfolio marketing services and ATM terminal driving.

First chartered in 1935, as Cheyenne VAF to serve the Veteran's Administration Hospital, the Credit Union changed its name in 1997, to more accurately describe its mission and the fact they were the first credit union in Cheyenne, Wyoming.  First Cheyenne Federal Credit Union today has over $30 million in assets and operates three ATMs.  Its membership is now over 4,500 and is open to anyone that lives, works, worships, or attends school in Laramie County.  As the Credit Union celebrates its 75th anniversary as Wyoming's oldest credit union, it still takes pride in offering quality products and services that truly help their member's lead better financial lives.  www.firstcheyenne.com

In 1996, First Cheyenne Federal Credit Union became a member of the National Association of Federal Credit Unions (NAFCU).  According to Bill Helms, President/CEO of First Cheyenne, there were several significant factors that contributed to their decision to choose Fifth Third Processing Solutions.  "We were very impressed with their focus on the ever changing EFT industry, their debit marketing expertise, fraud monitoring systems, along with their new robust card extract file," he said.  "In addition, Fifth Third Processing Solutions' mutual relationship with NAFCU Services, along with their well known industry knowledge and experience in the credit union environment, was more than enough incentive to make this change."

Fifth Third Processing Solutions is the Debit Card and Credit Card Processing Solutions Preferred Partner of NAFCU Services.  According to David Frankil, President, NAFCU Services Corporation,

"One of the many benefits of NAFCU Services is to introduce superior solutions from our Preferred Partners to NAFCU members.  We've seen numerous credit unions take advantage of the efficiencies, capabilities and cost savings offered by Fifth Third Processing Solutions, and are extremely pleased to see First Cheyenne join them."

"We are excited about being chosen by First Cheyenne Federal Credit Union to deliver innovative processing solutions that will help differentiate them from their competitors," said Royal Cole, President, Financial Institution Services at Fifth Third Processing Solutions.  "Our team is dedicated to resolving our customers' business challenges through the delivery of specialized solutions and strategic partnerships with other influential industry organizations such as NAFCU."

Fifth Third Processing Solutions' product suite also includes ATM terminal driving and monitoring, ATM and debit card transaction authorization and processing, credit issuing and processing services, national and regional gateway services, comprehensive ancillary services including fraud detection, card production, rewards programs and other consultative services.

About NAFCU Services Corporation

NAFCU Services Corporation is a wholly owned subsidiary of the National Association of Federal Credit Unions (NAFCU). Since 1975, NAFCU Services has partnered with the industry's leading solutions providers to offer value-added products and services at a discount to credit unions. Currently, it offers 28 Preferred Partner programs to the credit union community and maintains the credit union locator website CULookup.com.

Learn more at www.nafcu.org/nafcuservices.  

Fifth Third Processing Solutions, LLC delivers innovative payment transaction processing and acceptance solutions to create and support complex payment strategies for merchants, businesses, and financial institutions around the world. A pioneer in card payment acceptance in the early 1970s, Fifth Third Processing Solutions is headquartered in Cincinnati, Ohio and is a joint venture with Advent International and Fifth Third Bank, a subsidiary of Fifth Third Bancorp (FITB)

As a premier full service payment solutions provider, the Company provides servicing solutions and product engineering for financial institutions’ and retailers’ credit card, debit card, merchant and private label programs processing over 33.3 billion ATM and point of sale transactions and over $344 billion in debit and credit card sales volume annually. Its subsidiary, NPC is the largest provider of payment processing services exclusively focused on the small-to-medium merchant processing market.  The Company supports over 180,000 merchant and financial institution locations and 11,000 ATMs in 44 states and 11 countries. According to the Nilson Report (March 2010), the Company is the third largest U.S. merchant transaction acquirer. Learn more at www.FTPSLLC.com.

SOURCE Fifth Third Processing Solutions