Fujitsu, The Credit Union 24 Network Form Strategic Alliance; Credit Unions Now Gain Access to Web-Enabled ATMs at Reduced Prices

Business Wire, Oct 16, 2001

Business Editors & High-Tech Writers

DALLAS--(BUSINESS WIRE)--Oct. 16, 2001

Fujitsu Transaction Solutions Inc. announced today that it has teamed with The Credit Union 24 Network(R) -- a Tallahassee, Fla.-based, member-owned credit-union network -- to offer the network's participants discounts on Fujitsu cash dispensers and automated-teller machines (ATMs), including the Series 8000, the first Microsoft Windows(R) 2000-based, Web-enabled product installed at a North American financial institution.

The alliance gives Credit Union 24 network participants reduced prices -- a guaranteed minimum 20 percent discount -- on all Fujitsu ATMs and cash dispensers. In turn, Credit Union 24 and Fujitsu will collaboratively market Fujitsu products to Credit Union 24's 385 members.

"We are constantly seeking opportunities to provide sophisticated and affordable solutions in the electronic funds-transfer arena for our network participants. Fujitsu offers powerful and proven technologies for our members," said Jim Park, chief executive officer and president of Credit Union 24.

Both companies also will provide links to each other's Web sites, allowing quick access to product information for Credit Union 24 network participants.

"The Credit Union 24 Network's decision to partner with Fujitsu speaks to the known reliability of Fujitsu's full-scale ATMs and cash dispensers," said Neill F. Collins, Fujitsu's vice president of financial systems sales.

"Credit Union 24 is a respected network of leading credit unions, and it is our privilege to serve their members," said Collins. "This is a good fit for both companies."

Credit union members of network participants have point-of-sale access available at many large retail chains, including Publix Super Markets Inc., Winn-Dixie Stores Inc., Wal-Mart Stores Inc., Sam's Club and Food Lion LLC. The majority of network participants do not surcharge at their ATMs. The network was created in 1980 by four Central Florida credit unions to provide a cooperative environment for the implementation of effective electronic funds-transfer strategies.

About Credit Union 24

The Credit Union 24 Network is a member-owned, deposit-taking, full-service ATM/POS network that offers ancillary electronic payment system products and services. Credit Union 24 has 385 Network Participants located throughout 20 states, with 6.5 million cardholders and more than 7,200 ATMs located in 35 states, as well as Canada, Puerto Rico, Guam, Japan, Portugal and England. The Credit Union 24 Network was created in 1980 by four Central Florida credit unions to provide a cooperative environment for the implementation of effective EFT strategies. The founding members envisioned a flexible, totally shared, deposit-taking ATM network that would enable them to work together to compete favorably and affordably with other financial institutions and networks.

About Fujitsu Transaction Solutions Inc.

Fujitsu Transaction Solutions Inc., headquartered in Dallas, is a wholly owned subsidiary of Fujitsu Limited (TSE: 6702). The company provides strategic technology expertise to North American retailers and financial institutions. Fujitsu optimizes the customer's technology lifecycle and reduces total cost of ownership with point-of-sale (POS) hardware and software, handheld devices and applications, Web-enabled automated-teller-machines (ATMs) and managed services. Fujitsu offers world-class customer-service support, call centers, product staging/integration and rapid-response roll-outs. It serves customers such as Allfirst Financial, Albertsons, Recreational Equipment Inc., Safeway and Staples, among others.

Web site: www.ftxs.fujitsu.com.