Elan

CO-OP Financial Services is urging credit unions to share and offering them the means to do it. The credit union service organization has announced its introduction of an ATM enabled for shared-branching transactions.

The CO-OP NextGen ATM was jointly developed by CO-OP and Diebold and runs on specially developed software that allows members of participating CO-OP credit unions to access all of their accounts — not just the ones tied to their ATM card — from a Diebold Opteva ATM. This gives the member the power to conduct almost all branch transactions, including loan payments, at the ATM.

While giving members more ways to manage their accounts at their convenience, the CO-OP NextGen promotes in-branch efficiency, freeing staff is to focus on other, revenue-building activities.

The machine also provides an additional source of acquirer interchange revenue for CUs by giving them the ability to offer shared branch transactions to the nearly 1,800 credit unions and 32 million members in the CO-OP shared branching network.

"CO-OP NextGen ATM gives credit unions the ability to optimize their ATM channel and capital expenditures by using their current ATM fleet to support traditional ATM transactions and shared branching transactions," said Stan Hollen, president and CEO of CO-OP Financial Services. "CO-OP is the first provider in the United States to offer this leading edge technology that provides greater member convenience and expanded branch reach, without brick and mortar, 24/7, 365 days a year."

For more on this topic, visit the transaction processing research center.

Related Content

User Comments – Give us your opinion!
Products & Services

GRG Global Customer Exchange 2013

http://global.networldalliance.com/new/images/products/6759.png

6759/GRG-Global-Customer-Exchange-2013

Branch Transformation

http://global.networldalliance.com/new/images/products/6905.png

6905/Branch-Transformation

Retail Lobby Model ATM

http://global.networldalliance.com/new/images/products/6925.png

6925/Retail-Lobby-Model-ATM

FINsim ATM

http://global.networldalliance.com/new/images/products/6485.png

6485/FINsim-ATM

KAL Check 21 Solutions

http://global.networldalliance.com/new/images/products/KAL_Logo_SF100.gif

843/KAL-Check-21-Solutions

QwickPAY Mobile POS

http://global.networldalliance.com/new/images/products/4293.png

4293/QwickPAY-Mobile-POS

NCR APTRA Suite

http://global.networldalliance.com/new/images/products/5001.png

5001/NCR-APTRA-Suite

ATM Testing On-Demand Worldwide - Web FASTest™

http://global.networldalliance.com/new/images/products/WebFastest_logo100.gif

3710/ATM-Testing-On-Demand-Worldwide-Web-FASTest

Service Partnership

http://global.networldalliance.com/new/images/products/6841.png

6841/Service-Partnership

FINsim Configurator

http://global.networldalliance.com/new/images/products/6491.png

6491/FINsim-Configurator

ATM & Mobile Innovation Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.