CO-OP Moving Forward in Credit Card Processing
CO-OP Financial Services said it is continuing to build its credit card processing service, pitching it especially to CO-OP client credit unions attracted to the cost savings of bundling their credit and debit card processing together.
The payment CUSO started offering pass-through credit card processing late in 2010.
The latest CU to sign on is the 42,000-member, $370 million Financial Plus Federal Credit Union, which serves four counties in the Flint, Michigan area.
“Financial Plus is a long-time debit/ATM processing client of CO-OP Financial Services,” said Jill Reno, CEO of Financial Plus FCU. “We are confident that by combining our debit, ATM and credit card processing programs into one vendor platform, it will provide added efficiency and cost savings.”