Publish Date : 01-Sep-2012
PULSE, one of the nation\'s leading debit/ATM networks, has extended and expanded its long-term relationship with Motorola Employees Credit Union (MECU), as MECU\'s network provider for PIN debit. The agreement provides MECU\'s 39,000 members with access to point-of-sale (POS) terminals at retail locations across the U.S. through PULSE PAY®, as well as PULSE\'s nationwide network of more than 380,000 ATMs.
MECU, with 10 branch locations in Illinois, Florida, Georgia, Massachusetts and Texas, has been a PULSE participant since 2007. MECU chose to expand its relationship with PULSE following a comprehensive review, facilitated by the Illinois Credit Union League Service Corporation, that included a detailed analysis of MECU\'s debit program transaction history. The process confirmed that MECU achieves improved debit economics when its PIN debit transactions are routed through PULSE.
\"Debit plays an increasingly important role in how consumers spend and manage their money. This agreement with PULSE gives our members convenient and secure access to their checking accounts at merchant locations and ATMs nationwide,\" said Michael Murphy, MECU Executive Vice President and Chief Operations Officer. \"We\'re confident in PULSE\'s ability to provide reliable electronic payment services to our members and, at the same time, help increase our bottom line. Both are critical for our credit union.\"
The agreement also includes the PULSE® Debit Dashboard, a web-based tool that provides MECU access to its data to analyze the performance of its debit program, and PULSE\'s fraud detection service, DebitProtect®, which helps MECU and other financial institutions combat debit card fraud.
\"PULSE is pleased that MECU has chosen to extend and further develop its relationship with our network under a new, long-term agreement,\" said Leah Henderson, PULSE Executive Vice President, Sales and Account Management. \"For more than 30 years, we\'ve delivered innovative debit products and services, and we continue to bring value to our financial institutions\' debit card programs. That\'s evidenced by our success in re-signing existing participants like MECU, and in winning new ones.\"
About PULSE - PULSE, a Discover Financial Services company, is a leading debit/ATM network, serving more than 6,300 financial institutions across the United States. This includes 4,300 issuers with which PULSE has direct relationships and more than 2,000 additional issuers through agreements PULSE has with other debit networks. PULSE links cardholders with ATMs and POS terminals at retail locations nationwide. Through its global ATM network, PULSE provides worldwide cash access for Diners Club and Discover cardholders through more than 850,000 ATM locations in more than 100 countries.
Go to previous page
