The $1.4 billion Anheuser-Busch Employees' Credit Union in St.Louis will be switching its debit and credit processing services toVantiv Inc., the credit union and company said.
|ABECU cited ease of issuing new cards and launching new programs, and a single point of member service,in its decision, according to a statement from Vantiv.
|“This superior level of support allows us to focus on deepeningrelationships with our members,” Ron Kampwerth, ABECU senior vicepresident, said in the statement.
|“Our consultative service approach helps financial institutionslike ABECU to navigate the evolving payments landscape and tocapitalize on emerging trends,” said Royal Cole, president,financial institution services, at Vantiv.
|The 112,100-member ABECU currently uses PSCU for credit and debitcard signature processing and CO-OP Financial Services for debitPIN processing, according to the Technology Survey from Callahan& Associates.
|Cincinnati-based Vantiv said it now serves more than 1,300financial institutions, about 60% of them credit unions.
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