RANCHO CUCAMONGA, Calif. (4/26/13)--CO-OP Financial Services is partnering with Ondot Systems of San Jose, Calif., to provide its client credit unions with a CO-OP-branded service that allows credit union members to control their card use.
"CO-OP Financial Services is dedicated to providing credit unions with the means to offer greater control and convenience to their cardholding members, and greater assurance of fraud protection," said Stan Hollen CO-OP Financial Services president/CEO.
"With the dominance of smartphones, mobile banking is emerging as the primary channel for member account access," he said. "This service will provide credit unions with another opportunity to strengthen relationships with members and increase the transaction activity of the cards they issue."
Cardholders can lock and unlock their cards and set controls and alerts based on their preferences related to transaction type, merchant, location and thresholds.
Members can perform specific self-service functions, including balance inquiries and funds transfers, and card management functions such as reporting fraudulent transactions and lost/stolen cards.
The service will be available by the end of year, CO-OP said.