PSCU Financial Services Signs Agreement with Sterling Payment Technologies for Small Business Merchant ProcessingCredit Unions to Receive Fee for Referrals of Small BusinessesSt. Petersburg, FL, August 3, 2009 – PSCU Financial Services today announced a referral agreement with Sterling Payment Technologies for small business merchant processing. Sterling Payment Technologies is a fast-growing card processor that specializes in bringing the latest electronic payment technology to businesses. The cooperative’s credit unions will receive compensation from Sterling on small business members referred and performing merchant processing through Sterling. Sterling offers merchants the latest point-of-sale terminals along with software applications, wireless products and e-commerce functionality. The company provides account management support and a dedicated sales team for the cooperative’s member credit unions. It also delivers customized web training, support tools and printed collateral materials. “We are pleased to be working with PSCU Financial Services because our organizations share many common goals. We both create alliances with large industry partners to enhance the value proposition we offer to our clients,” said John Miglino, Sterling’s Executive Vice President of Product and Marketing. “And we both are committed to delivering products and services that enable smaller entities to compete with much larger ones. Small business owners can achieve significant benefits from our electronic payment services, and delivering this platform through their local credit union will also strengthen that relationship.” The cooperative’s credit unions can market this product and use it to introduce small business owners to their financial services. In addition to this electronic payment processing offering, PSCU Financial Services offers a comprehensive suite of products that includes credit, debit, prepaid, rewards, electronic banking and online bill payment, SBA Loans, payroll, insurance services, web design and hosting, data backup and retrieval solutions—all designed specifically for small businesses. “Small businesses represent a loyal member group that requires multiple financial services. Many credit unions have small business owners among their membership who are currently using consumer products that don’t satisfy their needs,” said David J. Serlo, President, PSCU Financial Services. “Marketing our small business solutions and this new service from Sterling equips owners with desired business functionality and better tracking and reporting that can help reduce time spent on administrative tasks.” About PSCU Financial ServicesBased in St. Petersburg, Florida, PSCU Financial Services is the nation's largest credit union service organization (CUSO) and serves more than 1,300 financial institutions nationwide. As a non-profit cooperative, the company is owned by more than 600 member credit unions representing over 13 million accounts and 880,000 online bill payment subscribers. Its Contact Centers handle more than 16 million inquiries a year.PSCU Financial Services offers 24/7 member support through four Contact Centers: its Eastern operations center in St. Petersburg, Fla.; a Western operations center based in Phoenix, Ariz.; and two call centers in Detroit, Mich. These Contact Centers perform member servicing and new member acquisition, cross-selling and automated lending solutions as well as support for debit/credit/prepaid cardholders and online bill payment subscribers. About Sterling Payment TechnologiesBased in Tampa, Florida, Sterling Payment Technologies is a fast-growing, innovative and service-oriented card processor. It specializes in bringing the latest electronic payment technology to all type of businesses quickly and affordably. Sterling offers latest point-of sale terminals for merchants along with software applications, wireless products and e-commerce functionality. The company offers comprehensive solutions for:
For more information, please visit www.sterlingpayment.com.
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