Certegy (NYSE:CEY)
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Certegy Partners With Eastern Financial Florida Credit Union to
Launch New MasterCard(R) Program
Issuer Brings Portfolio Management In-House
ST. PETERSBURG, Fla., July 12 /PRNewswire-FirstCall/ -- Certegy Inc., the
nation's leading provider of credit card processing services to credit unions,
today announced a new three-year agreement with Eastern Financial Florida
Credit Union (EFFCU) of Miramar, Florida. Under the terms of the agreement,
Certegy will provide credit card processing, cardholder support and rewards
programs for EFFCU's newly launched MasterCard(R) program. EFFCU is the third
largest credit union in Florida, with over $2.0 billion in total assets and
over 200,000 members nationwide.
After selling its credit card portfolio in 2001, EFFCU's management recently
decided to launch a new program to better serve its members. "We believe we
can provide more value to our membership base by making credit card decisions
locally and managing our portfolio in-house," said Gary Lanier, senior vice
president of EFFCU. "In addition, we want to reward our members with loyalty
programs and discounts on other services. Certegy's comprehensive product
offering and its ability to integrate a card program into our other product
offerings were key factors in our choice of a third- party processor."
"Credit cards play an integral role in credit unions' relationships with their
members, and we are extremely pleased to partner with Eastern Financial in
launching their new card program," said Robert Bream, executive vice president
and group executive of Certegy Card Services, North America. "Certegy
specializes in helping credit unions deliver the products and services that
their members expect, and we look forward to helping them reach their goals."
About Certegy
Certegy (NYSE:CEY) provides credit and debit processing, check risk management
and cash access services, merchant processing and e-banking services to over
6,500 financial institutions, 100,000 retailers and 100 million consumers
worldwide. Headquartered in St. Petersburg, Florida, Certegy maintains a strong
global presence with operations in the United States, the United Kingdom,
Ireland, France, Chile, Brazil, Australia, New Zealand, Thailand and the
Caribbean. As a leading payment services provider, Certegy offers a
comprehensive range of transaction processing services, check risk management
solutions and integrated customer support programs that facilitate the exchange
of business and consumer payments. Certegy generated over $1.0 billion in
revenue in 2004. For more information on Certegy, please visit
http://www.certegy.com/.
About Eastern Financial Florida Credit Union
Based in Miramar, Florida, Eastern Financial Florida Credit Union is the
largest credit union in South Florida and the third largest in Florida with
over $2 billion in assets. It has 21 branches in South Florida and the Tampa
Bay region, serves more than 900 member companies and provides financial
services to more than 200,000 individual members. Eastern Financial Florida
Credit Union was founded in 1937 as the original credit union for Eastern
Airlines. In 2002, it changed its charter to allow membership by anyone who
lives or works in Palm Beach, Broward, Miami-Dade, Pinellas, or Hillsborough
counties. Please visit http://www.effcu.com/ for more information.
DATASOURCE: Certegy Inc.
CONTACT: Mary Waggoner, SVP - Investor Relations of Certegy Inc.,
+1-678-867-8004
Web site: http://www.certegy.com/
http://www.effcu.com/