TEMECULA, Calif. — Creative Card Solutions has announced the completion of agreements with five financial institutions for ATM placement.
According to a news release, the five FIs are Bayport and Beacon Credit Unions in Virginia, Gulf Winds Credit Union and Highlands Independent Bank in Florida, and Bridgehampton National Bank in New York.
Creative Card Solutions LLC has teamed with Fiserv EFT to place bank- and credit union-labeled ATMs whose transactions are processed by Fiserv EFT. Creative expects to place 2,000 ATMs by year-end.
Creative Card Solutions is in contract negotiations with 51 banks and credit unions. The ATMs are placed in the FI's community and are surcharge-free to the FI's customers.
"We are getting a 14 percent return on solicitations," said Marilyn Kilcrease, president of Creative Card Solutions. "Once the bank reviews the program, 99 percent ask for an agreement. Currently, we have an average of seven branch locations per bank ,with three to five ATMs being placed for each."
