Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
Construction spending drops in January, according to @CommerceGov http://t.co/W9J1mDyF8X #Market #NewsNow
2 hours ago
During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers. http://t.co/aYgW1HoDmF
3 hours ago
.@TransUnion: #millennials climbing into driver's seat with loans http://t.co/S4H9OIB3Av
4 hours ago
Breaking at #NewsNow: @CUNA backed bill introduced by @RepEdRoyce @GregoryMeeks would raise MBL cap. #CUSmallBiz http://t.co/ZDAb2UMoQz
5 hours ago
Loan growth at federally insured #creditunions in 2014 climbed to highest level since 2005, @TheNCUA reported today. Watch News Now Tues.
6 hours ago