Magic Line gets credit union network deal

Magic Line gets credit union network deal
Tags: EFT Networks, Transaction Processing
April 15, 2002

DEARBORN, Mich. -- Magic Line EFT network signed a processing agreement with Indianapolis-based SHARE SYSTEM, a credit union network of Indicorp.

Credit unions comprise 50% of Magic Line's financial institution membership and also serve on the network's board of directors as owners.

Magic Line supports 15.9 million cardholders and processes over 16.5 million transactions every month. The network serves over 1,000 banks, credit unions and thrifts.