RANCHO CUCAMONGA, Calif. (December 13, 2012) - CO-OP NextGen ATM, an industry-first, self-service innovation that provides greater convenience to members by enabling shared branching transactions at the ATM, is now available to credit unions from CO-OP Financial Services.
"CO-OP NextGen ATM gives credit unions the ability to optimize their ATM channel and capital expenditures by using their current ATM fleet to support traditional ATM transactions and shared branching transactions," said Stan Hollen, President/CEO, CO-OP Financial Services. "CO-OP is the first provider in the United States to offer this leading edge technology, that provides greater member convenience and expanded branch reach, without brick and mortar, 24/7, 365 days a year."
CO-OP Financial Services and Diebold, Incorporated (NYSE: DBD), have developed the new application software, which allows members of participating CO-OP Shared Branching credit unions to conduct nearly all branch transactions, including loan payments, at Diebold Opteva® ATMs. With CO-OP NextGen ATM, members can select a shared branching option to access all of their accounts with the credit union, not just those linked to the card as with standard ATM transactions.
While giving members more ways to manage their accounts at their convenience, the product promotes in-branch efficiency as staff is freed to concentrate on more complex revenue activities. CO-OP NextGen ATM also provides an additional source of acquirer interchange revenue for credit unions, as they may now extend shared branch transactions to the nearly 1,800 credit unions and 32 million members in the CO-OP Shared Branching network.
The member experience at the ATM is also familiar and easy via CO-OP NextGen ATM. The shared branching transaction set includes account inquiry, statement print, cash withdrawal/advance, check and cash deposit (single/bulk), transfers/payment transfers, and check and cash payment (single/bulk).
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 3,500 credit union members, 30 million cardholders, 30,000 surcharge-free ATMs, 5,000 shared branching locations (plus 2,200 Vcom® kiosks) 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.