CO-OP Financial Services announced that it has agreedto purchase a majority ownership stake in Everlink Payment ServicesInc., a subsidiary of FidelityNational Information Services Inc. The terms of the deal werenot disclosed.

Everlink provides payment network connectivity, ATM managedservices, card issuance and management services, POS services,fraud management and other services to credit unions, banks andindependent sales organizations in Canada.

“We have had a limited presence in Canada,” CO-OP President andCEO Stan Hollen (pictured), said. “The acquisition of an interestin Everlink enables us to expand our network to clients throughoutNorth America. In fact, we see this investment as a foundation stepto a comprehensive North America-wide network and processingsolution for credit unions, making it even more convenient formembers in both Canada and the U.S. to use ATMs and their debitcards.”

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