NAFCU has elected to keep Fifth Third Processing Solutions as its exclusive preferred provider for EFT Services, including electronic funds transfer services, ATM and debit card processing, terminal driving, network gateway transaction processing and credit card processing and servicing.
Fifth Third Processing Solutions is a joint venture between Advent International, a private equity firm, and Fifth Third Bank.
“Since 2007, Fifth Third Processing Solutions has provided a multitude of solutions to enable credit unions to establish top-notch, quality debit, credit and ATM programs,” said David Frankil, president of NAFCU Services. “We’ve worked closely with them on numerous initiatives designed to educate credit unions on their technology, security and marketing needs. All of which is proof-positive of Fifth Third Processing Solutions’ lasting commitment to the credit union market.”
“Fifth Third Processing Solutions understands the importance of building loyal relationships with credit unions, and has a true understanding of the credit union business,” commented Michael Lussier, president/CEO of Webster First Federal Credit Union and NAFCU chairman.