Jacksonville, Florida-based VyStar Credit Union has selected ACCEL/Exchange debit payments network from Fiserv to be the credit union's exclusive PIN debit provider.
The $4.1bn credit union has been an ACCEL/Exchange member for 20 years. Nearly three years ago, VyStar streamlined the number of its PIN debit providers down to two. VyStar has now chosen the ACCEL/Exchange network as its single payments provider.
According to Fiserv, the unique governance structure of ACCEL/Exchange gives clients the opportunity to participate in the ACCEL/Exchange Network Advisory Council to set the strategic and tactical goals for the network.
Fiserv claims that by participating on the Council, which is comprised of financial institutions that represent a cross-section of ACCEL/Exchange Network membership, VyStar can have a real influence on the network’s pricing, rules and strategic direction, including product innovation.
VyStar executive vice president and COO Richard Alfirevic said with PIN debit as a key component of VyStar’ overall payments strategy, ACCEL/Exchange from Fiserv provides VyStar with exceptional transactional revenue opportunities and a diverse mix of innovative and secure debit payment solutions.
"Based upon our past experience with ACCEL/Exchange, we are extremely confident that the Network will provide us with all of the access, performance and value that we need, and high quality services our members have come to expect," Alfirevic said.