Credit Union 24 Further Broadens Its Appeal

TALLAHASSEE, Fla. – Credit Union 24, the national credit union-owned ATM network headquartered in Florida, has taken steps to further broaden its services to credit union members, inking deals to provide them with preferential prices on merchant processing and ATM purchase. The ATM network, which claims to offer credit unions the largest network of point-of-sale terminals in the country, signed an agreement with Elan, a subsidiary of U.S. Bancorp, which will allow its member credit unions to have more access to electronic payment processing for their merchant members. Elan offers financial institutions an integrated point-of-sale program for merchants, combining credit and debit card payment choices, electronic check processing and authorization with a variety of business management tools, the ATM network said. The Network also announced it had signed an agreement with Kahuna Business Group which will allow its member credit unions to have ATM placement and servicing at a preferential rate. Kahuna Business Group has been around since 1995, and has traditionally specialized in working with independent service organizations that purchase and place ATMs, in part because ISO’s have been most interested in the generally cash dispensing machines that Triton, Kahuna’s ATM manufacturer, has specialized in making. But Triton, whose machines Kahuna offers exclusively, has begun to manufacture machines for financial institutions as well and this has led Kahuna to start putting more energy into seeking credit union and bank clients.