April 2003, Los Angeles, California
Card Data Services(CDS) purchases the merchant credit card service
accounts of Chohung Bank
CDS purchased the merchant credit card service accounts of
Chohung Bank. Chohung Bank located in Los Angeles, California had
been operating as
a credit card service provider since 1995 The bank decided
to sell its credit card processing service to CDS in April
2003 because of the outstanding reputation CDS has for servicing credit card
merchants. Through this purchase, CDS added an annual processing volume
of $50,000,000 to
its current volume. CDS is recognized as the topmost company in
the South California area in both customer service and technology.
CDS reinforced its employee base in its LA branch to support this
added volume and to provide continued excellent service to its
present and new customers.
June 2003, Honolulu, Hawaii
Hawaii Federal Credit Union signs agreement with Card Data Services(CDS) for merchant
service referrals
CDS entered into an agreement with HawaiiUSA Federal Credit Union(HiUSA) to
provide merchant credit card services to the customers of HiUSA.
Those companies that can and do accept credit cards and have a
business checking account with HiUSA will have special rates and
fees when they utilize CDS as their merchant service provider.
HiUSA had decided to link with CDS after negotiations with other
providers did not satisfy HiUSA with the servicing level comparable
to that which CDS would provide. The CDS Hawaii branch already has
the reputation of providing excellent service to its existing
customers.
The agreement is designed to expand the range of services that
HiUSA can offer to its business banking customers. Now HiUSA can
"offer" merchant credit card servicing to its business
customers without the processing concerns.
January 2004, Honolulu, Hawaii
HI Saving Bank to utilize the services of Card Data Services(CDS)
Territorial Savings Bank(Territorial) will begin referring its
business banking customers to Card Data Services(CDS) as part of its
business banking features. As a billion dollars in assets kamaaina
bank serving Hawaii since 1921, Territorial has been expanding into
the business banking arena and realized the need for merchant
servicing as an integral part of its services.
Although they had utilized another company to provide its
merchant servicing then dealt directly with the processor,
Territorial ultimately decided to join forces with CDS to provide
continued excellent services to its business customers.
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