RANCHO CUCAMONGA, Calif.– CO-OP Financial Services and FedComp said they are partnering to offer CO-OP electronic payment services and CO-OP Shared Branching to core processing client credit unions of FedComp.
FedComp provides core processing software, outsourcing resources and internet solutions. CO-OP offers the CO-OP ATM network, Signature and PIN debit and in-house credit processing, terminal driving services, and CO-OP Shared Branching, all designed for secure and seamless member experiences with their credit union for account access and payments, the company said.
Under the agreement, FedComp clients will be able to buy these CO-OP services much less expensively than they could on their own or with other vendors.
“We look forward to working closely with FedComp on their core processing platform and our own member-facing services,” said Todd Clark, President/CEO of CO-OP. “CO-OP’s approach is to ensure credit unions have solutions that are everywhere and every way a member would want to engage with their financial institution, and that those solutions are both secure and seamless. In this way, we help credit unions maximize revenue opportunities, especially for card transaction interchange, and attain or remain top-of-wallet.”
“FedComp is partnering with CO-OP to help ensure our credit unions will have access to the industry’s best-in-class solutions for electronic payment services,” added Anna Duff, Chief Operating Officer of FedComp, based in Fairfax, Virginia. “Through this partnership, we can also offer CO-OP’s ongoing technology enhancements to help credit unions keep up with a fast-changing market place, and the strategic counsel that a company of CO-OP’s size and breadth can provide.”
For more info: www.co-opfs.org or www.fedcomp.com.