CO-OP Financial Services and Share One Inc. announced they are forming a partnership through which Share One's clients will be offered an interface between its NewSolutions core processing software and CO-OP's electronic payment services.
Share One Inc., a CUSO based in Memphis, Tenn., provides core processing software, outsourcing resources and Internet solutions.
CO-OP, based in Rancho Cucamonga, Cal., offers the CO-OP ATM network, signature and PIN debit and in-house credit processing and terminal driving services, among other products and services.
"We look forward to working closely with Share One on integrating Share One's NewSolutions core processing with our own ATM, debit and credit payment services, for back-office and member-facing services," said Stan Hollen, president and CEO of CO-OP Financial Services in a statement. "CO-OP and Share One hold the same commitment to our movement, as we are both owned by credit unions and operate for the exclusive benefit and service of credit unions."
Teri Van Frank, president and CEO of Share One, said: "It's great having an industry leader like CO-OP as a Share One business partner. The teaming also means that the consultative strengths we can offer our clients will help ensure our credit unions have access to industry best practices for electronic payment services and ongoing technology and operational education."
