CO-OP Financial Services has reported that it processed more transactions last year than it had in any previous year.
CO-OP said it performed two billion transactions in 2010 on behalf of its more than 3,000 client credit unions. This represented more than a 10% increase compared to 2009, the CUSO said.
In addition to the annual record, CO-OP Financial Services also reported it had established a new single-day record by processing more than eight million transactions on Dec. 24, 2010.
"CO-OP is focused on providing high quality in every service we provide to our clients," said Stan Hollen, President/CEO, CO-OP Financial Services. "For payment processing, this means we have invested in dual node continuous processing. In 2010 we experienced zero scheduled or unscheduled system downtime due to our ability to move processing between nodes. We also have invested in and tested business continuity for our service support offices. These investments have led to industry leading system performance and record service quality scores from our member credit unions," he said.