CO-OP Launches ATM CheckTransfers

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ONTARIO, Calif. - (10/04/05) -- The CO-OP Network announced Mondaynight it had successfully captured, imaged and cleared its firstdigital check image from an ATM, an important break-through for thecredit union-owned electronic funds network. A team consisting ofThe CO-OP, eFunds, NCR Corp., California Center CU and WesCorp FCU,used a California Center CU ATM card and deposited $25 through anNCR Personas M ATM, where it was routed through the CO-OP,processed at eFunds, then cleared through WesCorp. The CO-OP plansto continue working with the same entities to introduce acomprehensive check imaging service across multiple ATM terminaltypes. The technology will be available in the first quarter of2006. The CO-OP connects more than 1,800 credit unions from coastto coast.

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