Six Towns Credit Union partners with Optimus Cards Group to offer full debit card program to its customers
The comprehensive debit offering is now available to all members
6Towns, a leading UK credit union, has launched a full debit card offering for its members, in partnership with Optimus Cards Group. All current members of the credit union now have full access to ATMs, point of sale purchasing, universal storefront acceptance, and other benefits of the comprehensive debit card product.
Smaller financial institutions like credit unions are historically unserved by the operators of large-scale debit card schemes. Without the processing volumes of big banks, institutions such as 6Towns have had to offer cumbersome pre-paid cards to their members—cards accompanied by fees, limits and sporadic acceptance on high street.
Based in Birmingham, Optimus Cards Group enables credit unions and other financial institutions to offer first class debit cards to their customers without any up-front investment in call centres, infrastructure and IT required to build such programs in-house. Operating on the MasterCard network, Optimus aggregates the transaction volumes of smaller and niche financial institutions to meet the volumes of major providers, thereby enabling its customers account holders to enjoy the same world-class service as the customers of the largest banks in Europe.
“We have always sought to bring the best possible financial management tools to our members,” said Arun Budon, CEO of 6Towns, “and with the Optimus Cards program, it could not have been simpler. Within a matter of weeks, we were integrated with a customized system that was perfect down to the last detail. Now we can offer fully fledged debit cards to the people who rely on us, and we couldn’t be more pleased.”
“We take pride in providing a truly world-class debit card program—from card design to partner integration to customer support—available to financial institutions of any size,” added Julie Wilson, CEO of Optimus Cards Group. “We firmly believe that banking customers want and deserve true debit options, which each individual institution can tailor to meet its needs. It is our vision to enable such options for our banking partners simply, reliably and with great attention to detail.
6Towns members are already live on the system and for many, this is the first time they have enjoyed card payments without restrictions. With six financial institutions in the UK and Ireland having committed to joining Optimus Cards, and with many more showing interest in similar turnkey white-label debit programs, Optimus expects to launch programs for thousands more cardholders by year-end.