Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Payments

10:25 AM
Connect Directly
Facebook
Twitter
Google+
RSS
E-Mail
50%
50%

Sunrise Community Banks Select Fiserv for Card Processing Services

Fiserv will provide prepaid and gift card processing for the consortium of community banks.

Fiserv will provide prepaid and gift card processing for the consortium of community banks.

Minneapolis-based Sunrise Community Banks announced that is has reached an agreement with Fiserv to provide prepaid and gift card processing services. Sunrise operates three community banks in the Twin Cities region.

Sunrise Community Banks are certified Community Development Financial Institutions (CDFIs). The U.S. Department of Treasury certifies financial institutions as CDFIs if they demonstrate a primary mission of community development, serve a distressed target market, and remain accountable to that target market. Nationwide, there are only 85 banks with this designation.

"We have a track record in the prepaid space and have found that prepaid cards are an ideal way for us to reach and serve consumer segments not currently in the financial mainstream," said Trinity Surat, eBanking director of Sunrise Community Banks, in a statement.

All prepaid cards will carry the MasterCard brand.

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.