Source: Certegy
Certegy Inc. (NYSE:CEY), the nation's leading provider of card processing services to credit unions, today announced that Suncoast Schools Federal Credit Union has selected Certegy Card Services to process its 100,000 Visa credit cards.
With $275 million in credit card loans outstanding, Suncoast is the third largest card issuing credit union in the United States. With $4.3 billion in total assets and 350,000 members, Suncoast is the largest credit union in Florida, and the eighth largest credit union in the nation.
Certegy will service Suncoast's credit card portfolio on its industry leading BASE2000(TM) payment processing platform, which provides a comprehensive range of flexible, end-to-end card processing solutions.
"We chose Certegy based on a very thorough staff review of the top vendors. Advantages of partnering with Certegy include enhanced marketing opportunities and support, a flexible and user friendly system and leadership commitment to assist us in continuing our highly successful credit card program," stated Linda Darling, executive vice president and chief financial officer of Suncoast.
"Suncoast is a leader in providing high quality, flexible and innovative financial services," said Robert Bream, senior vice president and group executive for Certegy Card Services - North America. "We are very pleased with this opportunity to help Suncoast serve their members, and we are confident that they will benefit from this new relationship."