TNB Selected as Electronic Payments Partner for Resource One Credit Union
Dallas (Vocus) December 1, 2009
Resource One Credit Union of Dallas has selected TNB Card Services as its electronic payments processing partner. The $ 300 million credit union will move its PIN and signature debit card processing to TNB, as well as tap TNB’s payments experts to develop a new credit card program for its members. The credit union sold its card portfolio five years ago and is now re-entering the card market as an issuer.
TNB will work with Resource One to create a number of credit card products to complement its current financial services offerings. For first-time cardholders, a “My Life My Money” branded card will be created, which will add to the credit union’s product portfolio targeting members in the 18-to-34 age range. A Resource One branded credit card will also be developed for the credit union’s general membership, plus an Executive Suite card targeting business members.
Resource One will move more than 40,000 debit cards to TNB’s processing platform in order to improve processing efficiency, increase revenue, and mitigate risk. TNB will handle back office functions, including disputes and chargebacks, as well as offer greater fraud protection. Its dynamic neural network can analyze all card transactions to help Resource One better identify fraud trends and issues as early as possible.
“Managing a payments program through multiple processors is redundant and unnecessary,” said Mark Gregory, Chief Innovations Officer for Resource One Credit Union. “TNB allows us to streamline our card operations, so we can concentrate on servicing our members.”
Resource One will also leverage TNB’s instant issuing capabilities to eliminate the need for cardholders to wait for their plastics. Members will be able to walk out the door and use their credit union-branded plastics the same day they sign up for a debit or credit card. The credit union will also roll out TNB’s Rewards2U
Related posts:
- TNB Card Services Lands Processing Agreement for $3 Million Card Portfolio in Wyoming
- Process Behind Credit Card Payments
- Electronic pick-pocketing possible with smart cards, patent warns
- Will the Internal revenue service take credit card payments if needed if you owe?
- Credit Card Information Resource MyCreditCard.com Re-launches Website