Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
CO-OP offers pass-through processing
RANCHO CUCAMONGA, Calif. (9/9/10)--CO-OP Financial Services is offering CO-OP Credit Pass-Through Processing, which credit unions can begin implementing in January. Pass-through credit processing, also known as internal credit processing, allows credit unions to maintain control and customization when servicing their clients. Pass-Through processing also is less expensive than a fully outsourced solution, CO-OP said. With CO-OP’s Pass-Through, the credit union carries credit card loan receivables and handles back room services, such as cardholder member servicing, statement generation, payment processing and collections. CO-OP will provide the switch between credit unions and MasterCard and Visa networks, exception processing disputes and authorization, scoring and fraud detection. Other benefits of Pass-Through include cost savings, a consolidated reporting platform, better member service and a single point of client contact for debit and credit, CO-OP said. CO-OP also plans to make CO-OP Credit Full-Service Processing available next year. CO-OP Financial Services, Rancho Cucamonga, Calif., provides more than 28,000 surcharge-free ATMs and 4,000 shared branch locations for credit unions.


RSS print
News Now LiveWire
.@USDA recognizes Royal #creditunion's $5M rural mortgage lending effort http://t.co/VMsvV0Mpbf
4 minutes ago
Plattsburgh, NY, paper lauds @DannemoraFCU, @TiconderogaFCU for shred event, ID theft protection See #NewsNow http://t.co/VqWO986j9i
1 hours ago
Did you ask @CommonwealthCU CEO a fin. question on #heyKaren day? She'll answer #likeaboss http://t.co/2PgZAp9qu0 https://t.co/RySBvM4rBc
12 hours ago
Texans linebacker Cushing continues outreach, spokesman role for @FirstCommCU http://t.co/wIUGhn9okM
15 hours ago
Despite what consumers say, big banks still hold sway over market via @Marketplace http://t.co/ozH69d8soj
17 hours ago