RANCHO CUCAMONGA, Calif.– CO-OP Financial Services and Share One, Inc. reported they have partnered to build and offer to Share One’s clients an interface between NewSolutions core processing software and CO-OP electronic payment services.
The 35-year-old Share One, a Memphis-based CUSO, offers core processing software, outsourcing resources and internet solutions. CO-OP offers the CO-OP ATM network, signature and PIN debit and in-house credit processing, and terminal driving services, among many other credit union member access and convenience products.
“We look forward to working closely with Share One on integrating Share One’s NewSolutions core processing with our own ATM, debit and credit payment services, for back office and member-facing services that are truly best-in-class,” said Stan Hollen, president/CEO, CO-OP Financial Services. “CO-OP and Share One hold the same commitment to our movement, as we are both owned by credit unions and operate for the exclusive benefit and service of credit unions.”
“It’s great having an industry leader like CO-OP as a Share One business partner,” said Teri Van Frank, president/CEO of Share One. “The teaming also means that the consultative strengths we can offer our clients will help ensure our credit unions have access to industry best practices for electronic payment services and ongoing technology and operational education.”
CO-OP told CUToday.info the agreement is purely a partnership and there is no investment by either CUSO in the other.