PULSE Signs Long-term Agreement with Busey Bank
HOUSTON, TX – Dec 6, 2012 — PULSE, one of the nation's leading debit/ATM networks, and Busey Bank, a premier provider of financial services, have extended their affiliation through a long-term agreement that includes PIN point-of-sale (POS) debit and ATM services. Busey's relationship with PULSE originated in 2005.
Busey, based in Champaign, Ill., is a wholly-owned subsidiary of First Busey Corporation. The bank has total assets of approximately $3.5 billion and 43 banking center locations in Illinois, Indianapolis, Ind. and Florida. The expanded agreement with PULSE ensures that Busey customers will continue to enjoy the convenience of paying at retail POS terminals across the U.S. through PULSE PAY®, and have access to a nationwide network of more than 380,000 ATMs.
"Busey customers expect to be able to manage their finances whenever they want, and wherever they are," said Don Schlorff, Busey's Executive Vice President of Corporate Administration. "With debit and ATM services playing a significant role in how consumers spend and access their accounts, it has never been more important to provide our customers with reliable debit services. This was a vital consideration in continuing our partnership with PULSE."
Busey also has elected to utilize two additional PULSE services – the PULSE® Debit Dashboard, a web-based application that allows the bank to analyze the performance of its debit program, and DebitProtect®, an advanced fraud detection system, which helps combat debit card fraud.
"Busey has been a valued PULSE participant for several years and we are pleased they have chosen to further our relationship," said Leah Henderson, PULSE Executive Vice President, Sales and Account Management. "PULSE is committed to delivering innovative debit products and services that provide value to all our financial institutions. We look forward to growing our long-term relationship with Busey."
PULSE, a Discover Financial Services (NYSE: DFS) company, is a leading debit/ATM network, serving more than 6,300 financial institutions across the United States. This includes 4,300 issuers with which PULSE has direct relationships and more than 2,000 additional issuers through agreements PULSE has with other debit networks. PULSE links cardholders with ATMs and POS terminals at retail locations nationwide. Through its global ATM network, PULSE provides worldwide cash access for Diners Club and Discover cardholders through more than 850,000 ATM locations. The company also is a source of electronic payments research and is committed to providing its participants with education on emerging products, services and trends in the payments industry. For more information, visit www.pulsenetwork.com or follow PULSE on Twitter @PULSENetwork.
About First Busey Corporation
First Busey Corporation (NASDAQ: BUSE) is a $3.5 billion financial holding company headquartered in Champaign, Illinois. Busey Bank, First Busey Corporation's wholly-owned bank subsidiary, is headquartered in Champaign, Illinois and has thirty-one full service and four limited service banking centers serving Illinois, a full service banking center in Indianapolis, Indiana, and seven full service banking centers serving southwest Florida. Busey Bank had total assets of $3.5 billion as of September 30, 2012. Busey Bank also provides electronic delivery of financial services through its website, www.busey.com.