Velera to Provide Card Processing Solutions to Indiana-Based Financial Center

Indiana-based credit union Financial Center selected credit union service organization (CUSO) Velera to provide it with debit and credit card processing services.

Velera will begin providing the credit union with debit and ATM support in July, and it will add credit services in August, the companies said in a Tuesday (Jan. 20) press release emailed to PYMNTS.

“[Velera’s] team is fully invested in helping us grow our payments business, both now and in the future, and we are excited to see all that we will achieve together,” Chris Sibila, senior vice president, technology and internal operations at Financial Center, said in the release.

Tiffany Doty, senior vice president, sale at Velera, said in the release that Velera’s collaboration with Financial Center “will help them operate more efficiently while providing members with greater flexibility, security and value every time they use their cards.”

Velera serves more than 4,000 financial institutions across North America, according to the release. Along with payment processing, the CUSO offers fraud and risk management, data and analytics, digital banking, instant payments, strategic consulting, collections, ATM and POS networks, shared branching and member support via its contact centers.

Credit unions are embracing collaboration and innovation as they work to meet members’ demands for more convenience, stronger protections and trusted financial guidance, Brian Caldarelli wrote in the PYMNTS eBook “Headlines That Will Shape the Close of 2025.”

“Looking to 2026, the pace of change shows no signs of slowing, and credit unions have the power to shape the next headlines,” Caldarelli wrote in the eBook published in October. “By embracing collaboration, innovating with purpose and keeping members at the center, they can turn today’s challenges into opportunities — leading confidently into another year of growth, resilience and member-first impact.”

Meanwhile, Financial Center said in June that it chose Scienaptic AI’s credit underwriting technology to transform its lending, and said in February that it began collaborating with cloud-based digital banking solutions provider Alkami to transform its digital banking experience.

When announcing the collaboration with Alkami, Sibila said Financial Center is “always looking for ways to make the digital experience better, faster and easier when working with us.”