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CSS Illinois Service Corp. team up on prepaid travel
MADISON, Wis. (2/18/11)--CUNA Strategic Services (CSS) has expanded its partnership with the Illinois Credit Union League (ICUL) Service Corporation (LSC) to market LSC’s Visa TravelMoney card for credit unions and their members. Since 2009, CSS and LSC have partnered to market the gift and general purpose reloadable debit card programs. Offered by LSC as part of its CU MONEY prepaid product family since 2007, the TravelMoney card provides the security of travelers’ cheques and the convenience of a Visa card, said the companies. Currently, 628 credit unions nationwide already offer TravelMoney to their members. LSC serves more than 2,500 credit unions in 45 states with its CU MONEY products, including gift cards. “Offering the Visa TravelMoney Card is a natural evolution of our relationship with LSC and will enhance credit unions ability to serve their members with a low cost option in the marketplace,” said Wes Millar, CSS senior vice president. “By furthering our alliance with CSS, we will see increased volumes and be able to provide even better pricing to help credit unions compete in the marketplace,” said George Fiegle, LSC executive vice president and chief operating officer. “Consumers want these products--prepaid cards are the third evolution of the card payment business, following credit cards and debit cards, and are the fastest growing form of payment in the past 20 years.” TravelMoney Cards are accepted by 25 million Visa merchants and at ATMs worldwide. Card users also enjoy unlimited reloads up to $5,000 at the credit union or via the Internet.
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