BURBANK, Calif. – Lockheed FCU on Monday said it has signed with CO-OP Financial to provide it with credit card processing.
The $3.2-billion credit union already contracts with CO-OP Financial for transaction services.
“Our existing agreement for credit card processing expired and our goal was to improve service for our members while controlling expenses,” said Bob Rivera, vice president, IT programming & operations for Lockheed FCU. “Combining our ATM, debit and credit card services with one processor will help to accomplish that goal.”
CO-OP Credit is an internal credit processing solution provided through a single connection to the host. The company said it is delivered with the same CO-OP fraud, chargeback and credit union servicing processes used for debit and ATM program support.
