CO-OP Financial Services will offer its online bill payment system in partnership with CUProdigy.
Under the agreement, CUProdigy, a credit union service organization (CUSO) that provides cloud-based technology, will enable its clients to buy less costly electronic bill-pay services through CO-OP than it could alone or working with other providers.
CO-OP Bill Pay enables members to receive, view, manage and pay all of their bills when they log-on to their credit union's home or mobile banking site. CUProdigy's cloud services include a browser-based core processing platform, server virtualization, disaster recovery and virtual desktop infrastructure.
"We gravitated toward CUProdigy as a new business partner because we are looking for thoughtful ways to build awareness of our bill payment products and scale this business efficiently," Todd Clark, president and chief executive of CO-OP, said in a news release Monday. "CUProdigy can deliver value to their client base by providing this alternative bill payment arrangement as an option for their members, further building the trust factor they already have with their client owners."
CO-OP supports 3,500 credit unions and 60 million members nationwide.
