ATLANTA, May 31, 2012 — Austin Telco Federal Credit Union of Austin, Texas, has signed a multi-year agreement joining the STAR® Network. STAR will provide PIN-secured debit point-of-sale (POS) and ATM access to the credit union’s members.
With more than $1 billion in assets, Austin Telco serves members throughout the five-county Austin metro area. The credit union has 26 ATMs and 22 branch locations. STAR is one of the nation’s leading electronic funds transfer (EFT) networks, with more than 2 million retail and ATM locations, and a First Data company. First Data is a global leader in electronic commerce and payment processing.
“Austin Telco’s mission is to provide exceptional financial products and services to the communities we serve,” said James Poplin, president and chief executive officer for Austin Telco Federal Credit Union. “We chose STAR as our PIN debit network because we believe their expertise in debit and the innovative services they offer will help us fulfill that mission – providing payment capabilities that will help to satisfy member demand and create loyalty.”
“STAR is committed to enabling the payments products and services that consumers demand, to help members like Austin Telco reach their goals,” said Kevin Barry, general manager for the STAR Network. “By staying on top of the evolving payments landscape, we are able to help our members navigate through it successfully.”
Terms of the agreement remain confidential.
About Austin Telco Federal Credit Union
Austin Telco Federal Credit Union is a member owned, non-profit financial cooperative. Membership in ATFCU is open to anyone living, working, worshiping or attending school in Austin's five county Metropolitan Area (Travis, Williamson, Hays, Bastrop and Caldwell Counties). From a small beginning in 1941, Austin Telco has grown into a billion dollar, full service financial institution. With 22 locations throughout Austin and the surrounding areas, ATFCU has an ongoing commitment to be your primary financial institution now and for many years to come.
The STAR® Network enables consumers to use their ATM / debit cards to obtain cash and make purchases quickly and securely throughout the United States. With a singular focus on real-time debit payment processing for more than 25 years, STAR is committed to driving increased reliability, security, cardholder convenience, and choice wherever and whenever consumers demand access to their money. STAR puts its debit expertise and industry knowledge to use for its clients – which include financial institutions, retailers, processors and billers – delivering innovative services as well as market insights that help them increase the value they derive from their debit programs. For more information, visit www.star.com.
The STAR Network is an integral part of the payment services offered by First Data Corporation. Around the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction.
Katrina Delgado, Austin Telco Federal Credit Union
512-302-5555 ext. 7363
Kim Graber, First Data