SEATTLE--(BUSINESS WIRE)--Member Access Pacific (MAP), a leading provider of card processing solutions for credit unions, is pleased to announce that Our Community Credit Union (OCCU), Shelton, Wash., has won the Visa Debit Processing Service (DPS) Client Achievement Award for Lowest Debit Fraud Rate. This “Best in Class” award is in recognition of the $328 million OCCU achieving the lowest fraud rate among all U.S. debit card issuing banks and credit unions using the Visa DPS platform during the 2016 program year (January 1, 2016 through December 31, 2016).
The Visa DPS Client Achievement Awards recognize highest-performing clients for their consistent and superior operating performance. Visa processing services and payment product platform is the nation’s largest, processing 65 percent of all debit transaction in the U.S. After evaluating all of its clients, Visa recognized the top performers in eight distinct categories (Highest Point of Sale Usage, Highest Authorization Approval Rate, Highest Portfolio Growth, Lowest Fraud Rate, Overall Portfolio Excellence, Innovation, Pursuit of Excellence Award, and Emerging Payment Adoption Award). To qualify for one of these prestigious awards, OOCU must have met the minimum transaction processing thresholds and remained in good standing with Visa.
“With this award, Our Community Credit Union has distinguished itself as one of the ‘safest place to bank’ in U.S.,” said Cyndie Martini, President and CEO of MAP. “This recognition is due to OCCU’s unwavering commitment to protecting their members from fraud. In an era when card fraud is increasing year after year, OCCU is reversing this trend for its members and community”.
“As an award winner this year, Our Community Credit Union is among the best of the best in the payments industry,” said Todd Brockman, Senior Vice President of Issuer Processing at Visa. “We appreciate OCCU’s commitment to excellence, and I extend my congratulations to everyone at MAP and OCCU who contributed to this outstanding achievement.”
MAP will recognize OCCU at its annual client dinner on August 24, 2017 at Alderbrook Resort in Union, Wash. The client dinner is part of MAP’s User Conference, an annual event for credit unions to meet in a relaxed setting for learning and exploring what is happening in the payments industry and how it will impact their members. Now in its 18th year, MAP’s conference includes detailed discussions on how to maximize our current investments, as well as insight on new payment solutions available to help clients achieve our business goals.
About Our Community Credit Union
Simpson Employees Federal Credit Union, was established in Mason County on December 3, 1941 by a group of loggers. Their vision to having their own credit union was to offer fair savings and loan rates to workers unable to get basic financial services from the local bank. Since then the credit union changed its name to Our Community Credit Union (OCCU) to better reflect the growing and diversified member base. In 2010, OCCU expanded its field of membership to include all residents in the state of Washington. OCCU has $328 million in assets, over 27,000 members and operates seven branches located throughout Mason and Grays Harbor County and Vashon Island in King County.
About Member Access Pacific (MAP)
Member Access Pacific (MAP) is the nation’s only card processing aggregator of the Visa Debit Processing Service (DPS) platform for credit unions. MAP’s special role in the marketplace provides our client credit unions the unique opportunity to leverage the Technology, Security, and Service of Visa for their members. As a Credit Union Service Organization, we are committed to the credit union movement and we value our credit union clients first and foremost. Working directly with Visa, we offer customized, turn-key Debit, Credit, ATM, Mobile, Prepaid-Reloadable, and Gift solutions — all supported by MAP’s five-star training, support and service. www.mapacific.com