The NCUA has asked credit unions that process their debit andcredit card transactions with FIS to evaluate their relationshipwith the card processor in light of an information technologysupervisory letter the company has received from other federalfinancial regulators.

FIS processes credit and debit card transactions for themajority of card-issuing credit unions and has about 5,400 client credit unions.

The NCUA letter included a copy of an FDIC supervisory letter.An interagency team from the bank insurer, the Federal Reserve Bankof Atlanta and the Office of the Comptroller of the Currencyconducted an interim supervisory review of FIS, which has both bankand credit union clients, beginning Oct. 17, 2011 and concludingwith an exit meeting on Jan. 20, 2012.

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