CU payments, core processing providers ink partnership agreement
Co-op Financial Services, a payments and financial technology company, is partnering with FedComp, a credit union core processing provider, to offer Co-op e-payment and shared branching services to FedComp clients.
The agreement will allow FedComp clients to buy Co-op services less expensively than they could on their own or through other vendors, according to a press release.
“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,” FedComp COO Anna Duff said in the release. “Through this partnership, we can also offer Co-op’s ongoing technology enhancements to help credit unions keep up with a fast-changing marketplace, and the strategic counsel that a company of Co-op’s size and breadth can provide.”
“Co-op’s approach is to ensure [that] 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,” Co-op President and CEO Todd Clark said in the release. “In this way, we help credit unions maximize revenue opportunities, especially for card transaction interchange, and attain or remain top-of-wallet.”