US-based credit card processor Vantiv will provide Tyndall Federal Credit Union (Tyndall FCU) a comprehensive suite of payment processing services.
A new partnership to this effect was formed by the two sides on 2 March.
Tyndall FCU is one of the largest credit unions in Florida with more than $1.3bn assets and serves over 110,000 members in the Florida Panhandle and in South Alabama.
Under the partnership, Vantiv will offer full suite of debit and credit card processing to Tyndall FCU. It will also deliver MobiMoney, a card control application and consumer fraud-fighter for Tyndall members.
Tyndall FCU vice president of lending Diane Floyd said: “We were looking for a partner that would help execute our strategy, and grow with us.
“The Vantiv strategic roadmap, with its long-range product development and clear timelines for execution, was a deciding factor, plus, the conversion process was very smooth."
Vantiv senior vice president and general manager of financial institution services Bill Hampton said: “This is an important partnership for Vantiv, to work with Tyndall to help them grow to the next level. Tyndall has a clear view of growth, and our solutions and resources will help them to get there."