NAFCU Services, a wholly owned subsidiary of the National Association of Federal Credit Unions (NAFCU), has selected direct banking and payment services company Discover Financial Services as its preferred partner program for national payment network solutions for credit unions.
Discover’s national payment network solutions will provide NAFCU members with turnkey credit, debit and prepaid card programs built to attract and retain members through expanded, enhanced and competitive solutions.
Moreover, Discover’s solutions are suited to meet the needs of credit union issuers. As such, credit unions may choose one or multiple products to suit their member base, satisfying both consumer and business needs. In addition, NAFCU member credit unions receive special benefits on Discover’s payment solutions.
David Frankil, president of NAFCU Services, said: “What made Discover really stand out is the fact that its payment network solutions can help credit unions drive member loyalty and acquisition, responsible consumerism, product differentiation and innovation. All of which are values that fit perfectly with the solutions offered in the NAFCU Services preferred partner program.”
Kevin O’Donnell, vice president of credit issuance at Discover, said: “Working with NAFCU Services enables us to better deliver innovative payment network solutions to credit unions. We value the credit union mission and strive to support and enhance the important role credit unions have in their communities.”