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Credit Union 24, MoneyPass Announce Reciprocal Alliance.


IRVING, Texas Irving (pronounced 'er-ving') is a city located in the U.S. state of Texas within Dallas County. According to the 2000 U.S. Census, the city population was 191,615; the 2006 estimate was 201,927 according to the North Central Texas Council of Governments, and 196,084 according to  -- Credit Union 24, Inc., of Tallahassee, Florida For other uses, see Tallahassee (disambiguation).
Tallahassee is the capital of the State of Florida and the county seat of Leon County. Tallahassee became the capital of Florida in 1824. As of 2006, the population recorded by the U.S.
, providing ATM & POS (1) See point of sale and packet over SONET.

(2) "Parent over shoulder." See digispeak.

POS - point of sale
 network services to more than 410 credit unions in 23 states, and Genpass, Inc., manager of the MoneyPass surcharge-free EFT network and the second-largest ATM driver in the U.S., jointly announced today an alliance wherein participants in CU24's CU HERE surcharge-free program and MoneyPass participants will be able to obtain surcharge-free ATM withdrawals at each other's ATMs. This alliance allows surcharge-free ATM access for CU HERE's 5.5 million cardholders at more than 11,000 ATMs nationwide. The alliance not only adds 2,800 ATMs to those ATMs that MoneyPass cardholders may access surcharge-free, but brings the total number of cardholders that can obtain MoneyPass & CU HERE surcharge-free ATM transactions to more than 12 million.

As part of the alliance, Genpass' MoneyMaker and Money Belt financial institutions will be able to offer their customers access to CU24's Member Access Atlantic ATM/POS Network. CU24's Member Access Atlantic (MAA MAA
abbr.
macroaggregated albumin
) is a coast-to-coast, cooperative EFT network open to regional networks, credit union leagues and service organizations nationwide. With Genpass' nationwide ATM coverage, Member Access Atlantic offers cardholders access to tens of thousands of ATMs, plus hundreds of thousands of POS locations throughout the country.

"Credit Union 24 carefully considered our options in selecting a partner," said Jim Park, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of CU24. "We selected Genpass because they understand the credit union community and the needs of our members. What's more, we're excited about the millions of dollars we will be able to save our members' cardholders in surcharge fees every year," stated Park.

"Credit Union 24 holds the same values as we do as an organization," stated Douglas D. Anderson, president of MoneyPass, "We both continually seek ways to add value for our members and customers." Anderson continued, "We believe that this alliance once again proves the universal value that Genpass and the MoneyPass surcharge-free network brings to credit unions."

About CU 24

Credit Union 24 is a strong, flexible, member-owned, full-service ATM and POS network that offers ancillary electronic funds transfer See EFT.

(application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape.
 (EFT) products, with 23 EFT processor links, hundreds of thousands of POS terminals -- many with cash-back capabilities -- and more than 65,000 ATM locations throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and abroad. Founded in 1981, The Credit Union 24(R) Network -- a strong, growing and independent vehicle through which participants control their own EFT pricing while maintaining ATM and POS access to credit union members -- is the largest credit union-owned POS network in the country, and is headquartered in Tallahassee, Florida. For more information about Credit Union 24, Inc., visit www.cu24.com.

About Genpass Inc.

Genpass, Inc., with headquarters in Pennsylvania, is a leading provider of PayCards. Genpass also manages the MoneyPass(R) EFT network through its Irving, Texas-based subsidiary Genpass Technologies(R), LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
. Genpass Technologies, which drives ATMs and processes cards in all 50 states, is listed in ATM and Debit Card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account.  News (July 25, 2003) as the second-largest third-party ATM driver in the U.S. and in The EFT Data Book (2003 edition) as one of the largest transaction processors in the U.S., driving approximately 31,000 ATMs located throughout the country. Genpass processes over 360 million transactions annually. Genpass is the only top processor to offer a vertically integrated product suite that includes every aspect of ATM driving, transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time.

Transaction processing systems are the backbone of an organization because they update constantly.
, debit card and specialty card services, plus ATM maintenance and supplies from a single source. To find out more about Genpass and/or MoneyPass, visit www.Genpass.com and www.MoneyPass.com.

About GTCR GTCR Glacier Travel and Crevasse Rescue  Golder Rauner, LLC

GTCR Golder Rauner, LLC, a leading private equity investment firm, owns and operates Genpass Inc., the parent company of Genpass Technologies, LLC, and its subsidiaries. GTCR currently manages more than $6 billion in equity capital invested in companies providing transaction processing, information technology services, financial services and marketing services.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Nov 18, 2004
Words:643
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