FedComp provides core processing software, outsourcing resources and internet solutions. CO-OP offers the CO-OP ATM network, Signature and PIN debit and in-house credit processing, terminal driving services, and CO-OP Shared Branching, all designed for secure and seamless member experiences with their credit union for account access and payments.
Under the agreement, FedComp clients will be able to buy these CO-OP services much less expensively than they could on their own or with other vendors.
"We look forward to working closely with FedComp on their core processing platform and our own member-facing services," said Todd Clark, President/CEO of CO-OP, based in Rancho Cucamonga, California. "CO-OP's approach is to ensure credit unions have solutions that are everywhere and every way a member would want to engage with their financial institution, and that those solutions are both secure and seamless. In this way, we help credit unions maximize revenue opportunities, especially for card transaction interchange, and attain or remain top-of-wallet."
"FedComp is partnering with CO-OP to help ensure our credit unions will have access to the industry's best-in-class solutions for electronic payment services," said Anna Duff, Chief Operating Officer of FedComp, based in Fairfax, Virginia. "Through this partnership, we can also offer CO-OP's ongoing technology enhancements to help credit unions keep up with a fast-changing market place, and the strategic counsel that a company of CO-OP's size and breadth can provide."
FedComp, a credit union core processor operating out of Fairfax, Virginia, is a leading developer of credit union core processing. FedComp's Platinum 2016 is a cloud-based integrated suite of mobility solutions designed specifically for the "small entity" credit unions, those under $200 million assets. It unlocks the opportunity to the "small entity" credit unions to have equal 24/7 mobile banking services as Billion Dollar financial institutions. For more information call 800.733.3266 or visit the company website at www.fedcomp.com.
About CO-OP Financial Services
CO-OP Financial Services is a payments and financial technology company that supports 3,500 credit unions and 60 million members by providing a cutting-edge suite of customizable tools and services. The company was the first in its industry to merge purpose, innovation and technology to help credit unions advance the industry mission of people helping people. Visit www.co-opfs.org.