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P u b l i s h e d E x c l u s i v e l y f o r M e m b e r s o f C a r d S e r v i c e s f o r C r e d i t U n i o n s , I n c .
Two Powerful Players. One Powerful Partnership
CSCU & Certegy Announce Contract Extension
Certegy Inc., (NYSE:CEY), the leading provider
of card processing services to credit unions in the
U.S., and Card Services for Credit Unions, Inc.
(CSCU), the nation's largest credit union card
processing association, jointly announced a three-
year extension, through 2007, of Certegy's contract
to provide payment services processing.
Continuing the
Partnership
Through its
contract with
Certegy, CSCU
processes for more
than 1,800 credit
unions across the
United States. This
three-year contract
extension, added to
the two and one-
half years
remaining on the
current term,
ensures continuity and critical services
support to the nation's credit unions by the
two organizations.
Contract Terms
The contract terms provide for the continua-
tion of Certegy's full array of card products
including debit and credit card processing,
merchant processing, and various support
services.
"Once again, we are extremely pleased to
extend this long-standing partnership with
CSCU," stated Vince Pavese, senior vice presi-
dent, Certegy Inc. "We are committed to
providing quality card and merchant
processing services to CSCU's membership,
delivered with the same high standards that
we've provided over the past 12 years," said
Pavese.
CSCU and Certegy's partnership began in
1989. From just under 500 card-issuing credit
unions and 1.3 million cardholder accounts,
together the two companies have become the
major player in the credit union card services
business processing for over 1,800 credit
unions serving over 7.6 million cardholder
accounts.
CSCU’s Continuing Support of its Credit
Unions
"The contract extension with Certegy assures
that the CSCU membership will continue to
receive state-of-the-art card and merchant
processing services, cutting edge products and
various related card ser