background

Co Op Financial Services Inaugurates Live Testing Of Co Op Nextgen Atm

CO-OP FINANCIAL SERVICES INAUGURATES LIVE TESTING OF CO-OP NEXTGEN ATM


LIVE TESTING OF CO-OP NEXTGEN ATM
2/23/2012
-

RANCHO CUCAMONGA, Calif. (February 23, 2012) – Live testing of CO-OP NextGen ATMSM is underway in the headquarters lobby of CO-OP Financial Services in Rancho Cucamonga, Calif., with general availability anticipated by the end of second quarter 2012.

CO-OP NextGen ATMThe CO-OP project leaders inaugurating the process are, from left, Terry Pierce, Senior Product Manager; Eric Porter, Executive Vice President, Business Development and Marketing; and Dr. Kathy Herziger-Snider, Vice President, Product Development. CO-OP Financial Services and Diebold, Incorporated, are partnering on the development of the new application software,
intended to allow members
of participating shared branching credit unions to conduct nearly all branch transactions at a Diebold automated teller machine (ATM).

CO-OP Financial Services is the first payment processor to offer this solution to credit unions using existing terminals and infrastructure, therefore, allowing an institution to better leverage their initial ATM investment. CO-OP NextGen ATM will enable members to conveniently conduct most transactions on their own, freeing in-branch staff to concentrate on more complex revenue activities. CO-OP NextGen ATM is anticipated to complete internal beta testing in early April.

CO-OP NextGen ATM will work with all shared branching platforms within the CO-OP Shared Branching family, with no conversions necessary. For more information, visit www.co-opfs.org

About CO-OP Financial Services

Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,000 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,400 shared branch locations and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org