ATLANTA (Jan. 14, 2010) – CO-OP Financial Services, the industry leader in access and convenience products for credit unions, has extended its electronic funds transfer (EFT) network access agreement with First Data Corp.’s STAR® Network. CO-OP Financial Services provides STAR Network access to more than 600 credit union members and counts STAR among its preferred EFT networks.
CO-OP Financial Services and STAR have worked together since 1985 to ensure member credit unions have secure and reliable network access. The long-term participation by CO-OP Financial Services in STAR has helped STAR to be one of the nation’s leading EFT networks with more than 2 million retail and ATM locations.
“Our long-standing relationship is a testament to the convenient and dependable service CO-OP Financial Services can provide to our members through the STAR Network,” said Stan Hollen, president/CEO, CO-OP Financial Services.
CO-OP Financial Services also uses First Data for processing services for reloadable prepaid cards that it offers to its members.
“Continuing to provide exceptional value is a key component to long-term relationships, and we are honored to be a trusted partner for CO-OP Financial Services,” said Kevin Barry, general manager, STAR. “The ways that people choose to pay are evolving, and we are committed to helping CO-OP Financial Services and its credit union members offer options that best serve their customers’ needs.”
Terms of the agreement remain confidential.
About CO-OP Financial Services
Based in Rancho Cucamonga, Calif., CO-OP Financial Services is the industry leader in access and convenience products for credit unions. Nearing 30 years of credit union service, CO-OP Financial Services connects credit union members to offerings like their nationwide ATM network, debit processing services, ATM processing and other account-driven access channels such as shared branching, check imaging services and mobile payments. A total of 3,000 credit union members, 26 million cardholders, 28,000 surcharge-free ATMs, 3,700 shared branch locations, plus 160 million-plus monthly transactions, make CO-OP Financial Services the nation’s largest credit union service organization, offering the tools, knowledge and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.
About First Data
First Data powers the global economy by making it easy, fast and secure for people and businesses to buy goods and services using virtually any form of electronic payment. Whether the choice of payment is a gift card, a credit or debit card or a check, First Data securely processes the transaction and harnesses the power of the data to deliver intelligence and insight for millions of merchant locations and thousands of card issuers in 36 countries. For more information, visit www.firstdata.com.