Fiserv (NASDAQ: FISV), the leading global provider of financial services technology solutions, announced today that United Consumers Credit Union (UCCU) of Independence, Missouri is implementing its gateway service for credit card transactions.
A longtime client of the Spectrum account processing solution from Fiserv, UCCU chose the gateway service to consolidate its card based offerings -credit, debit and ATM - and leverage a total Fiserv solution.
With the credit gateway service, Fiserv acquires credit transactions directly from Visa or MasterCard and forwards them to issuers or their core processor for host authorization.
"The Fiserv credit gateway solution enables us to provide our members with outstanding credit card services while leveraging a total Fiserv relationship that delivers exceptional value," said Ed Foster, executive vice president of UCCU. "We're getting great technology, superior products, outstanding system performance and reliability, and we're continuing to leverage Fiserv's first-rate customer service organization."
"We offer a full range of integrated offerings for credit, from gateway to full service," said Vincent Forte, senior vice president of Fiserv Card Services. "In addition, our clients can leverage Fiserv's extensive complementary services, like our UChoose Rewards program and our comprehensive risk management tools, for a complete, integrated card payment solution."
"Fiserv's credit gateway service provides us with a state-of-the-art foundation upon which we can expand our credit card offering," Foster added. "Plus, we can easily add more features to our overall card program. Everything Fiserv provides works well across our card portfolio. The overall result is great service and a rich and robust product suite that directly benefits our members."