The Bankers Bank, Oklahoma City, has selected the Star Network to provide electronic funds transfer (EFT) network services to its customers.
Owned by nearly 100 community banks, The Bankers Bank serves correspondents in Oklahoma, Texas, and throughout the Midwest.
Under the agreement, The Bankers Bank will offer financial institutions complete access to ATM and debit card network services through the STAR Network. STAR is one of the nation's leading electronic funds transfer (EFT) networks, with more than 2 million retail and ATM locations, and a First Data company. First Data is a global leader in electronic commerce and payment processing. The Bankers Bank has also selected First Data as its preferred Internet banking partner, and uses First Data's debit processing services.
"STAR is committed to delivering value to its member financial institutions through meaningful innovations and strategies designed to increase transaction volume and heighten security," said Kevin Barry, general manager, the STAR Network. "The choice of a trusted debit network helps enable community banks served by The Bankers Bank to offer their customers convenient, reliable and secure access to their money."
"One goal of The Bankers Bank is to select the allies that we believe can provide our customers the high-quality products and services they need and deserve, while also improving their bottom lines," said Troy Appling, executive vice president, The Bankers Bank. "The STAR Network offers industry expertise coupled with the reach and coverage that our customers need to provide consumers with the widest access to their funds."
Terms of the agreement were not disclosed.