ATLANTA, Oct. 6, 2011 – The Bankers Bank, Oklahoma City, has selected the STAR® Network to provide electronic funds transfer (EFT) network services to its customers. Owned by nearly 100 community banks, The Bankers Bank serves correspondents in Oklahoma, Texas, and throughout the Midwest.
Under the agreement, The Bankers’ Bank will offer financial institutions complete access to ATM and debit card network services through the STAR Network. 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. The Bankers Bank has also selected First Data as its preferred Internet banking partner, and uses First Data’s debit processing services.
“STAR is committed to delivering value to its member financial institutions through meaningful innovations and strategies designed to increase transaction volume and heighten security,” said Kevin Barry, general manager, the STAR Network. “The choice of a trusted debit network helps enable community banks served by The Bankers Bank to offer their customers convenient, reliable and secure access to their money.”
“One goal of The Bankers Bank is to select the allies that we believe can provide our customers the high-quality products and services they need and deserve, while also improving their bottom lines,” said Troy Appling, senior vice president, The Bankers Bank. “The STAR Network offers industry expertise coupled with the reach and coverage that our customers need to provide consumers with the widest access to their funds.”
Terms of the agreement were not disclosed.
About The Bankers Bank
The Bankers Bank is committed to providing the highest quality correspondent services at reasonable cost. Owned by nearly 100 community banks, The Bankers Bank understands your bank’s needs, and the excellent customer service you deserve. (The Bankers Bank is Member FDIC, Member Federal Reserve System and an Equal Housing Lender.)
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.
Dee Glidewell, The Bankers Bank
Kim Graber, First Data