ST. PETERSBURG, Fla. (10/7/09)--PSCU Financial Services is leasing some of its Phoenix data center space to Ongoing Operations to support growth resulting from credit unions purchasing Ongoing Operations’ disaster recovery/business continuity services. The lease is for five years. PSCU Financial Services, a credit union service organization (CUSO), helped create Ongoing Operations, which is a CUSO that provides business continuity and disaster recovery solutions to credit unions. The Phoenix data center will be Ongoing Operations’ fourth location--the company also has data centers in Maryland, Oregon and Colorado. Ongoing Operations chose PSCU’s data center because it offers Payment Card Industry Data Security Standards compliance to protect cardholder information, according to Kirk Drake, Ongoing Operations CEO.
JACKSONVILLE, Fla. (10/7/09)--Fidelity National Information Services (FIS) announced it has completed the acquisition of Metavante Technologies. The resulting company, called FIS, will continue to serve credit unions and other financial institutions, the companies said in a release. FIS and Metavante provide transactional and payment technologies to financial institutions, including credit unions. FIS is headquartered in Jacksonville, Fla. Under terms of the agreement, FIS acquired all of Metavante’s outstanding shares of common stock, with each shareholder receiving 1.35 shares of FIS common stock for each share of Metavante common stock held. “We will continue to make business and product investments and we will strategically integrate our products, where it makes sense to do so in order to deliver high-value solutions to our clients and prospects,” said Frank Martire, FIS president/CEO.