Under terms of the agreement, Pulse will be the exclusive network provider of PIN POS debit services to Woodforest Financial Group and its bank affiliates: Woodforest National Bank and Woodforest Bank. In addition, Pulse will provide the banks’ cardholders with access to its nationwide network of ATMs.
Dave Schneider, president of Pulse, said: “Pulse has provided ATM and PIN debit services to Woodforest for more than 25 years, and we are very pleased to extend and further develop our relationship. Being chosen to provide PIN debit network services by an innovative institution like Woodforest demonstrates our ability to deliver the acceptance, transaction processing services and customer support necessary to meet the institution’s PIN debit needs.”
Robert Marling, chairman and CEO of Woodforest Financial Group, said: “We have long relied on Pulse as a trusted debit network to serve our cardholders, and we are looking forward to continuing our relationship. With debit playing an increasingly important role in how consumers spend and manage their money, working with a network that possesses the expertise in PIN debit that PULSE Pulse critical.”
Woodforest Financial Group is a privately owned community bank holding company services over 850,000 accounts from more than 725 branches located throughout 17 states.