CO-OPFinancial Services has rolled out an ATM which, the CUSO said,will allow members of participating credit unions to conduct sharedbranch transactions.

The CO-OP NextGen ATM capitalizes on the Next Generation switchthat was developed under Credit Union Service Centers, the sharedbranching network which eventually became CO-OP Shared Branching.

“CO-OP NextGen ATM gives credit unions the ability to optimizetheir ATM channel and capital expenditures by using their currentATM fleet to support traditional ATM transactions and sharedbranching transactions,” said Stan Hollen, president/CEO of CO-OPin Rancho Cucamonga, Calif.

“CO-OP is the first provider in the United States to offer thisleading edge technology, that provides greater member convenienceand expanded branch reach, without brick and mortar, 24/7, 365 daysa year,” Hollen said Thursday.

The CUSO said it developed the new application software with ATMmanufacturer Diebold, which allows members of CO-OP SharedBranching credit unions to conduct nearly all branch transactions,including loan payments, at Diebold Opteva ATMs.

With CO-OP NextGen ATM, members can select a shared branchingoption to access all of their accounts with the credit union, notjust those linked to the card as with standard ATM transactions,the CUSO said.

The new ATMs will also allow shared branching credit unions tofree up staff which would otherwise have to conduct shared branchtransactions and they will also provide credit unions which acquireshared branch transactions to enhance their revenue opportunities,the CUSO said.

The shared branching transaction set on the new ATMsincludes account inquiry, statement print, cash withdrawal/advance,check and cash deposit, transfers/payment transfers, and check andcash payment, CO-OP said.