Co-Op, eFunds ink contract extension

Co-Op, eFunds ink contract extension
Tags: Bank / Credit Union, EFT Networks, North America, Other, Transaction Processing
April 2, 2007

SCOTTSDALE, Ariz. - EFD, eFunds Corp., which delivers enterprise payments and data and decisioning solutions, announced Co-Op Financial Services has extended its long-term contract with EFD.

According to a news release, EFD will continue providing third-party EFT processing services, including ATM network access, ATM processing, debit-card services and shared branching services, to Co-Op member credit unions across the country.

"Financial-services companies rely on EFD to deliver proven, innovative solutions that address real business needs. As the largest credit union-owned EFT network in the United States, Co-Op Financial Services is a great example of how our technology is helping our customers succeed," said Nelson Eng, president of EFD U.S.