ONTARIO, Calif. — The pending acquisition of eFunds by FidelityNational Information Services should not have a big impact on CO-OPFinancial Services, even though CO-OP processes its EFTtransactions with eFunds, according to Stan Hollen, CEO ofCO-OP.
|“This announcement was not unexpected,” Hollen said in aprepared statement. “I have called executives at both EFD and FIScongratulating them on this new relationship and expressing thesupport of CO-OP Financial Services. In turn they expressed theirsupport for CO-OP Financial Services and a commitment to ourinitiatives.”
|Hollen said that CO-OP has worked with FIS since October 2006when FIS agreed to market and promote access to CO-OP Network astheir primary source of access to surcharge-free ATMs. FIS has hada long involvement with credit unions and is a supporter of manycredit union causes, Hollen noted.
|“CO-OP looks forward to building relationships with technologypartners, such as EFD and Fidelity, to provide best in classpayments services to credit unions,” he added.
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