RANCHO CUCAMONGA, Calif. (2/13/09)--CO-OP Financial Services is offering mobile banking and contactless card payment services to credit unions. Mobile banking allows credit union members real-time access to verify balances, view transaction history and transfer funds. Credit unions can offer members mobile banking by integrating the mFoundry platform into CO-OP’s Next Generation Network switch. Credit unions do not have to change their host or home banking system to participate, CO-OP said. Mountain America CU, West Jordan, Utah, adopted mobile banking three years ago and is partnering with CO-OP to offer the service to members. “We knew mobile banking would pick up in a big way, and we didn’t want to lack the ability to compete,” said Tony Rasmussen, Mountain America senior vice president. CO-OP’s contactless payment service will debut during the Credit Union National Association Governmental Affairs Conference Feb. 22-26 in Washington, D.C. The service supports MasterCard’s PayPass service. CO-OP plans to support other payment forms, such as key fobs, watches or stickers. Contactless card payments do not require physical contact between the payment device and point-of-sale terminal. The consumer holds the card or device near the terminal, and the transaction is communicated through a radio frequency. Money is then debited from the consumer’s account. CO-OP, based in Rancho Cucamonga, Calif., provides ATM network access, processing, debit and credit card services, and shared branching to credit unions.