The Card Payments suite of solutions enables financial institutions to meet consumers' card payment processing needs and to stay abreast of technology, especially in the area of fraud.
DH Corporation (TSX:DH) ("D+H"), a leading provider of technology solutions to financial institutions globally, today announced that Denali Federal Credit Union (Denali FCU), one of Alaska's largest credit unions with more than $650 million in assets, has selected D+H to provide its signature debit and consumer credit card processing.
Denali FCU was seeking a reliable and compelling solution that would give them a competitive edge in today's market. The credit union recognized the value in deploying the right card payment solution to meet its 72,000 members' payment processing needs. Denali FCU is already utilizing D+H's UltraData core technology. The D+H Card Payments suite of solutions are tightly integrated with its core systems and will help guide Denali FCU to stay on top of technology and ahead of fraud. In enabling this technology, the credit union will benefit from D+H's existing partnership with Vantiv, a leading provider of payment processing services.
"This is part of our global branch initiative, to more efficiently serve members no matter where they live or work," said Bob Teachworth, President & CEO of Denali Federal Credit Union. "We are in a unique situation at Denali, with our headquarters in Alaska and having offices as far apart as Fairbanks (AK) and Kent (WA). More than 2,200 miles separate our farthest branches, and working with D+H and Vantiv to standardize our systems offers exceptional opportunities to provide consistent training and processes to staff. In the end, the members win because we deliver our services faster and more reliably."
"We have seen an increase in demand from nimble credit unions for flexible technology which empowers the institution as it continues to scale," said Nigel Prince, Head, Enterprise Solutions, Product Management, at D+H. "Denali FCU will harness the power of our suite of solutions to unify the systems, regardless of the distance between branches."
Designed to increase the efficiency and profitability of payment processing, D+H's comprehensive Card Payments suite helps financial institutions increase revenue by expanding cross-selling capabilities. Additionally, it helps financial institutions keep up with the growing demand for more convenient and secure payment methods. Through the solution, Denali FCU will have access to ATM driving services, debit and credit card processing, debit and credit card production solutions, merchant services, prepaid card solutions and rewards programs.
"Our client portfolio is continuing to grow and we are excited to be partnering with Denali FCU," continued Prince. "At D+H, we are confident in our ability to help financial institutions stay ahead of the curve through our breadth of solutions and in-house expertise delivered by our dedicated team."
D+H (TSX: DH) is a leading financial technology provider that the world's financial institutions rely on every day to help them grow and succeed. Our global payments, lending and financial solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada, D+H has more than 5,500 employees worldwide who are passionate about partnering with clients to create forward-thinking solutions that fit their needs. With annual revenues in excess of $1.5 billion, D+H is recognized as one of the world's top FinTech companies on IDC Financial Insights FinTech Rankings and American Banker's FinTech Forward rankings.