With more than a quarter-million participating merchants and 470 financial institution partners globally, Visa Checkout allows consumers to checkout using most major debit or credit cards to make purchases quickly and easily from their smartphone, tablet, laptop or PC.
"Visa Checkout is a simpler, more secure way for credit union members to pay online almost anywhere in the world," said Stan Hollen, President/CEO of CO-OP. "Visa Checkout is another advanced digital product that underscores CO-OP's commitment to helping our credit union clients keep their branded credit cards top of wallet, regardless of what payment services the member may choose."
In June and July 2015, Visa Checkout saw a surge of consumer activity with an average monthly enrollment growth rate of more than 30 percent. "Given its growth, it's an excellent time for credit unions to take advantage of this opportunity and swiftly move into the digital payments space," said Hollen.
Visa Checkout also complements a credit union's complete digital e-commerce strategy, which can include emerging means of payment such as Apple Pay, Android Pay, Samsung Pay and others. Credit unions can also reinforce their own brand with their members as Visa Checkout enables them to use their own credit union card.
For more information about Visa Checkout offered by CO-OP, 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 nation's largest credit union service organization in terms of number of credit unions, assets and members. The company helps credit unions thrive by providing products and services that make it more convenient for members to do business with them. With a motto of "Be There. Be More," CO-OP's products fall into three business lines, including "Locations" (ATM, shared branching and call center services); "Card Payments" (debit and credit processing) and "Mobile/Virtual" (mobile, online, check imaging, bill pay services). To learn more visit www.co-opfs.org.