Arizona State CU Converts 96,000 Signature/PIN Debit Accounts to PSCU Financial ServicesManagers Cited Cooperative’s Outstanding Fraud Management, Convenience of Single Source Credit/Debit SupplierSt. Petersburg, FL, July 29, 2008 – Arizona State Credit Union, Glendale, Arizona, converted 96,000 signature and PIN debit accounts to PSCU Financial Services as part of a five-year agreement that also includes driving 41 ATMs, the cooperative announced today. Arizona State Credit Union is the state’s largest state-chartered credit union and third largest credit union with $1.2 billion in assets and 130,000 members. PSCU Financial Services, the nation’s largest credit union service organization (CUSO), also processes the credit union’s credit platform. Arizona State Credit Union conducted an extensive evaluation of processors for its debit platform, according to Paul Stull, the credit union’s Senior Vice President of Marketing. “Other factors in the decision also included the convenience of a single source solution for credit and debit, the cooperative’s exceptional service and our ability to take advantage of its attractive relationship pricing structure,” Stull said. “More credit unions are taking a close look at fraud management tools prior to signing credit and debit processing contracts,” said David J. Serlo, President and CEO, PSCU Financial Services. “We believe our fraud management package is unmatched in the industry. We are seeing substantial growth in our processing volumes as a result of being able to offer superior risk management along with excellent service and affordable pricing.” PSCU Financial Services recently launched a relationship pricing structure that provides discounts for purchasing multiple products and services through the cooperative. The cooperative’s debit program is rapidly expanding. It topped 500 million transactions in 2007, servicing more than 200 credit unions representing over 7 million accounts 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 1,100 financial institutions nationwide. As a non-profit cooperative, the company is owned by more than 500 member credit unions representing over 11 million cardholder accounts and more than 650,000 online bill payment subscribers. Its Contact Center handles more than 14 million inquiries a year. PSCU Financial Services maintains an Eastern operations center in St. Petersburg, Florida, and a Western operations center based in Phoenix, Arizona. The cooperative’s wholly owned subsidiary, Digital Dialogue, operates two 24/7 call centers in Detroit, Mich., that specialize in member services, new member acquisition, cross-selling and automated lending solutions.Established in 1977, the company provides a broad array of cost-effective, high quality financial services that include credit, debit, ATM, prepaid, bill payment and contact center solutions. PSCU Financial Services uniquely offers its members a full range of processing options, any combination from full service to in-house pass through processing for credit, debit and ATM transactions. As a leader in the credit union movement, the company offers gateway access to national and regional networks. It also provides full function ATM terminal driving services. For more information, visit PSCU Financial Services’ website at www.pscufs.com.
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