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7-Eleven Vcom shared-branch transactions up 43
SAN DIMAS, Calif. (5/19/09)--Use of 7-Eleven Vcom kiosks for shared-branching transactions is up 43% from a year ago, and transaction surges have been as high as 9% each week since December, Financial Service Centers Cooperative said. The kiosks can be accessed 24 hours per day, seven days a week--which largely contributes to the high transaction volume, according to Bonnie Kramer, FSCC executive vice president. The units are used the most on Fridays and Saturdays, she added. “Members need access to their accounts when it is convenient for them and that does not always coincide with typical financial institution hours,” she said. Credit unions that have closed branches also have directed members to the Vcoms. The units are “virtual commerce” kiosks, which means members can perform any financial transaction they could at a credit union branch. FSCC deployed shared-branching services on Vcom units in 2007.


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