Fifth Third Processing Solutions, a provider of electronic payments and credit/debit card processing services, has signed a contract with Wyoming-based First Cheyenne Federal Credit Union (FCU), to provide electronic fund transfer services.
The agreement includes ATM and debit card transaction processing, fraud monitoring, debit card portfolio marketing services and ATM terminal driving of First Cheyenne FCU.
According to the Fifth Third Processing, the 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.
Currently, First Cheyenne FCU has over $30m in assets and operates three ATMs. Its membership has more than 4,500.
In 1996, First Cheyenne FCU became a member of the National Association of Federal Credit Unions (NAFCU). Fifth Third Processing Solutions is the debit card and credit card processing solutions preferred partner of NAFCU services.