ATLANTA (Apr. 15, 2010) – First Data Corporation, a global leader in electronic commerce and payment processing, and Bankers’ Bank of Madison, Wis., today announced that the bank has selected First Data’s STAR Network to provide electronic funds transfer (EFT) network services to Bankers’ Bank customers. Bankers’ Bank serves nearly 700 financial institutions throughout the Midwest.
Under the five-year agreement, Bankers’ Bank will offer its financial institutions complete access to ATM and debit card network services through the STAR Network, one of the nation’s leading EFT networks with more than two million retail and ATM locations.
“The STAR Network gives financial institutions access to innovative technology and committed support for the growth of their business. As we continue to see growth in debit transactions, we are dedicated to helping Bankers’ Bank and its client banks offer options that best serve their customers’ needs,” said Kevin Barry, general manager, STAR Network.
“Bankers’ Bank is pleased to work with STAR as our preferred EFT processor. The reach of the network throughout our market, as well as across the United States, gives our community bank partners the opportunity to provide exceptional service to their consumer and business clients. The added flexibility and simplified management of the debit card products helps our client banks focus on expanding their market, enhancing their services and supporting their customers,” said Barb Gross, First Vice President – BankCards, Bankers’ Bank.
Financial terms of the agreement remain confidential.
About Bankers’ Bank
Bankers’ Bank is always a partner, never a competitor with the nearly 700 Midwestern financial institutions its staff serves each day. Based in Madison, Wis., since 1981, Bankers’ Bank serves customers through additional support offices in the Chicago, Springfield, Ill., Des Moines and Indianapolis areas. Bankers’ Bank strives to remain the correspondent of choice for community-minded institutions of all sizes by offering the services and personal assistance to keep them competitive. See www.bankersbankusa.com to learn more.
About First Data
First Data powers the global economy by making it easy, fast and secure for people and businesses to buy goods and services using virtually any form of electronic payment. Whether the choice of payment is a gift card, a credit or debit card or a check, First Data securely processes the transaction and harnesses the power of the data to deliver intelligence and insight for millions of merchant locations and thousands of card issuers in 36 countries. For more information, visit www.firstdata.com.