News from the Wire

Velera to provide debit and credit processing support for 7 17 Credit Union

Tuesday, February 03, 2026 — 17:26:23 (UTC)

Velera to Provide Debit and Credit Processing Support for 7 17 Credit Union

Tampa, Fla. (Feb. 3, 2026) – Velera, the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider, today announced it will provide 7 17 Credit Union (7 17) with debit and credit card processing services and support.

Serving more than 120,000 members across 12 branches, 7 17 has been a trusted financial partner in Northeast Ohio since 1957. With over $1.8 billion in assets, the credit union empowers members to achieve their financial goals while supporting communities across the region.

To find the right card processing partner, 7 17 evaluated key factors, including each provider’s ability to enable long-term growth while keeping member experience top of mind. Ultimately, the credit union selected Velera for its exceptional service, operational expertise, ability to provide the best technology and solutions, and commitment to 7 17’s people-first mission.

“We are confident that Velera will be the partner we need to provide our members with world-class payments experiences and compete into the future,” said Jeremy Wascak, SVP, Digital Innovation, Data and Strategy at 7 17. “We believe that – as a CUSO – Velera’s focus on innovation, understanding of and ability to meet the specific needs of credit unions makes them the right partner as we look to adapt to and thrive in a competitive and changing payments landscape”.

Velera will begin providing debit and credit processing support to 7 17 through a phased rollout spanning Q3 of 2026.

“Our partnership with 7 17 reflects a shared commitment to innovative, industry-leading service,” said Yvonne Stelpflug, SVP, Client Growth Management at Velera. “We are confident our solutions will strengthen their card portfolio and provide a better experience for members, wherever they use their cards.”

About Velera

Velera is the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider. With over four decades of industry experience and a commitment to service excellence and innovation, the company serves more than 4,000 financial institutions throughout North America, operating with velocity to help its clients keep pace with the rapid momentum of change and fuel growth in the new era of financial services. Velera leverages its expertise and resources on behalf of credit unions and their members, offering an end-to-end product portfolio that includes payment processing, fraud and risk management, data and analytics, digital banking, instant payments, strategic consulting, collections, ATM and POS networks, shared branching and 24/7/365 member support via its contact centers. For more information, visit velera.com.

Notice to readers: These are archived articles. Contact information, links and other details may be out of date. We regret any inconvenience.

Source: Company press release.

Categories: Partnership