CO-OP Financial Services is now offering credit unions its own electronic bill payment services, branded as CO-OP Bill Pay.
CO-OP bought the Corporate Network eCom operation, a provider of mobile and online bill pay services to about 750,000 credit union members, earlier this year from U.S. Central Bridge as the corporate began winding down its operations.
“CO-OP Bill Pay represents the acquisition and rebranding of the eCom bill pay service. Our announcement of CO-OP Bill Pay also represents an important expansion of the CO-OP e-commerce product line,” said Bill Prichard, manager of public relations and corporate communications at CO-OP in Rancho Cucamonga, Calif.
Features include e-bill presentation, expedited and person-to-person payments, alerts and mobile access.
The 3,500-member CUSO said its combined client volume and processing will allow it to offer credit unions bill pay solutions “at a far better price than that they could secure on their own.”
“The acquisition by CO-OP of eCom gave CO-OP a premium online and mobile bill payment product that can be immediately delivered to any credit union,” Prichard said.