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CardFellow LLC, a free credit card processor comparison service, has been chosen by Notre Dame Federal Credit Union to assist its members in securing competitive credit card processing services. The company will provide the institution’s commercial members with access to instant quotes from reputable credit card processors, competitive pricing, and ongoing, personalized support.
Cromwell, CT (PRWEB) November 27, 2012
CardFellow LLC is pleased to announce that it has been selected to assist the members of Notre Dame Federal Credit Union with obtaining competitive credit card processing services.
Based in Indiana, Notre Dame FCU has well more than 62,000 members from across the United States and abroad. The institution has been in the business of serving the financial needs of its membership for more than 70 years.
“We are very excited to be working with such a well-known and respected institution like Notre Dame Federal Credit Union, and we are looking forward to ensuring its members receive competitive processing solutions and exceptional support,” said Ben Dwyer, CardFellow’s chief executive officer.
Through its merchant comparison website, CardFellow.com, the company will help the credit union’s commercial members by providing instant quotes from multiple credit card processors and unbiased, expert support to help them choose the best option. Members will be assured of receiving fair and competitive proposals through a legal agreement that CardFellow enforces with each processor that participates in its marketplace. Among other protections, this agreement requires transparent interchange plus pricing, forbids cancellation fees, and locks processors’ rates for life.
The business relationship between CardFellow and Notre Dame FCU provides mutual benefits for both parties. Receiving the endorsement of a nationally-known financial institution such as Notre Dame FCU allows CardFellow to enhance its growing credibility in the industry. Utilizing CardFellow’s online marketplace gives members of Notre Dame FCU access to credit card processing rates and terms that are virtually unobtainable through standard channels. ”This partnership with CardFellow is extremely important to us because we want to provide businesses with the tools necessary to efficiently evaluate their current rates, and at the same time, offer alternative solutions,” said Tom Gryp, President and CEO of Notre Dame FCU.
Although the most commonly-used credit card processing pricing model is “tiered” or “bundled,” CardFellow requires processors to quote credit card processing fees using the interchange plus pricing method. This straightforward method passes the actual cost of processing directly to merchants, resulting in lower costs. On average, CardFellow saves businesses 40 percent on processing fees by enabling top credit card processors to compete for their businesses through instant online quotes.
In an industry that has been tainted with deceptive and predatory tactics, CardFellow has differentiated itself as a champion for businesses that use its web site.” It selects credit card processors on an invitation-only basis, requires them to sign an agreement to operate with the highest standards and forbids cancellation fees. In addition, it provides merchants with personalized, on-going support for as long as they are working with any of CardFellow’s credit card processors. The company has also distinguished itself as a small business advocate for fair, competitive credit card processing fees. “Low pricing, coupled with the support and protections provided by our agreement with processors makes CardFellow a no-brainer for small businesses looking for the most competitive processing solution,” Dwyer said.
For more information about CardFellow’s credit card processing services, visit CardFellow.com or call (800) 509-4220.
About CardFellow LLC
CardFellow LLC has been assisting businesses with finding the best credit card processors since 2006. The company’s online marketplace provides businesses with instant quotes from pre-screened credit card processors, as well as personalized support to help them select the best option. Services are provided anonymously, and businesses are under no obligation to select a processor through CardFellow. However, those that do receive access to carefully-screened credit card processors, lower credit card processing fees and a host of other benefits. Based in Cromwell, Conn., CardFellow provides services to registered users throughout the United States.
About Notre Dame Federal Credit Union
Notre Dame Federal Credit Union was established in May 1941 from its humble beginnings operating out of the night watchman's office in the Main Building on the campus of the University of Notre Dame. It has since grown into the thirteenth-largest credit union in Indiana, with 10 full-service branches, one walk-up facility and more than 30 ATMs in St. Joseph County alone. Notre Dame FCU also has more than 32,000 surcharge-free ATMs and 6,800 shared branch networks for its members to use nationwide.
Benjamin Dwyer, CEO
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