CO-OP Financial Services is continuing to build its credit card processing service, pitching it especially to CO-OP FS client credit unions that are attracted to the cost savings of bundling their credit and debit card processing together.
Financial Plus FCU in Flint, Mich., latest signee for service bundling credit and debit card processing.
NAFCU has elected to keep Fifth Third Processing Solutions as its exclusive preferred electronic funds transfer services vendor.
Making good on a long offered promise, CO-OP Financial Services announced last week that it will start processing credit card transactions in early 2011.
With the current economic environment and recent legislative enactments, credit unions are under increasing pressure to find new sources of revenue and maximize existing sources.
CO-OP Financial Services has announced its long awaited entry into the market for credit card processing services.
While Sound Credit Union's business services program has been in place since July 2007, a litany of bank mergers and closures in the area has helped propel its business deposit portfolio over the last year.
An executive with The Members Group, a credit card processing CUSO affiliated with the Iowa Credit Union League, warns credit unions to adopt a more nuanced and heightened card fraud awareness this summer.
Prior to the early 1990s, the CUSO concept may have looked like this: a CEO of a small credit union picks up the phone to ask the CEO of a nearby, much larger peer for help with say, training.
WASHINGTON -- CSCU President Robert Hackney wants everyone to know that the association's days of being seen as playing a more junior role with card issuing credit unions have ended.