SHAZAM endorsed by Hawaii Credit Union League in 5-year agreement
posted on Monday, November 15, 2021 in Company News
DES MOINES, Iowa (Nov. 16, 2021) — SHAZAM, Inc., a nationwide provider of financial services to community credit unions, announced that as part of a five-year agreement, the endorsement from the Hawaii Credit Union League (HCUL) for debit and network processing and ATM network and processing.
“SHAZAM’s member owned, nonprofit structure aligns with the HCUL mission. The company brings world-class technology and a 45-year history of payments leadership to our members,” said Dennis Tanimoto, President of the Hawaii Credit Union League (HCUL). “HCUL used an open process to evaluate payments partners and SHAZAM’s commitment to providing the latest technology, payments expertise and stellar customer service stood out.”
“The agreement continues SHAZAM’s commitment to supporting the states where the network operates, and Hawaii marks the 20th state to receive member support, said Paul Waltz, president and CEO. “This partnership cements SHAZAM’s commitment to using a portion of the money it earns in Hawaii to fund the education programs and professional development HCUL provides for its members.”
Because SHAZAM offers the lowest fees in the industry to its members, Hawaii’s Credit Union League members will have the opportunity to save on processing expenses while gaining access to some of the industry’s best net interchange. When Hawaii’s credit unions access the SHAZAM Network, they’ll keep more of their own members’ money, it’s that simple.
Lana’i Federal Credit Union is already a SHAZAM partner. “SHAZAM, hands-down, clearly stood out from the rest being the most cost-effective provider that will provide us with an exceptional and robust debit card program to better serve our members! I look forward to a successful partnership, MAHALO SHAZAM!” Said, Charity Texeira Figuerres, CEO/manager of Lana’i Federal Credit Union.
SHAZAM pioneered the PIN-debit point-of-sale transaction, still used worldwide today. We’re the only nationwide independent, member-owned debit network and processor supporting community financial institutions. Since we don’t answer to shareholders, we can reinvest profits in technologies our clients need as they serve the next generation of consumers. SHAZAM ensures our clients have the products and services they demand and expect in a cost-effective way. Founded in 1976 and headquartered in Iowa, we’re a leader in payments and financial technology, with a simple mission: Strengthening community financial institutions. Visit us today at shazam.net.
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