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.
The new program, which CO-OP has dubbed CO-OP Credit Pass-Through Processing, said the service will be available to credit unions next January.
"We're currently in beta-testing with several credit unions and haven't had any lack of credit unions who have raised their hands and said they would be interested in the service," said Caroline Lane, senior vice president for business development for the processing CUSO.
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