FARMERS BRANCH, Texas (1/14/09)--Credit unions should consolidate to a single processor for credit card transactions, debit card personal identification number transactions and debit signature transactions, said TNB Card Services in a free white paper. The paper, “The Case for Consolidation,” notes that there has never been a better time for credit unions to maximize potential in their card portfolios through a single processor. Processors should offer:
* Lower cost and increased efficiency; * Fraud protection and risk management; * Relationship reward programs; and * Improved member support.
The partner also should be able to handle transactions in real-time, offer services through a single account executive and client support team; provide members with access to a multilingual call center; offer experience with fraud prevention; and ensure savings are passed onto the credit union, the paper said. TNB Card Services partners with 500 credit unions nationwide to offer card portfolio services.