Veritec Financial Systems (VTFS), a wholly-owned subsidiary of Veritec, has signed a license and maintenance agreement with Security First Bank, for its mobile banking platform. Security First Bank will issue debit cards and prepaid gift cards on VTFS’ mobile banking platform, and VTFS will provide back-end card processing services to the bank for all cardholder transactions.
Jeff Hattara, President and CEO of Veritec, said: “Security First Bank is a highly respected bank that provides exceptional service to its accountholders and to its community. VTFS looks forward to supporting Security First Bank with its debit and gift card programs.”
Steve Jones, Executive Vice President and CFO, Security First Bank, said: “Veritec’s banking platform and its professional services enable Security First Bank to be in a position to offer new and exciting debit and gift card products and related services to accountholders. It has also provided the Bank with a means to be able to reach out to those in our community that are currently under-banked with a service that helps people to manage their money more securely and far less expensively.”
Minnesota-based Veritec is a developer of proprietary two-dimensional matrix technology and mobile banking debit card solutions.
California-based Security First Bank offers a range of deposit, loan and other financial products and services.
