Elan

Co-op Financial Services has announced the availability of Co-op Sprig, a free, multi-institution "virtual branch," accessed online or via mobile, that lets members make person-to-person payments and aggregate their accounts in a single portal.

An in-network solution, Co-op Sprig allows members to make transfers between, or payments to, savings, checking or loan accounts residing at any credit union that participates in Co-op Shared Branching or Co-op Connect, the switch that enables Co-op Sprig.

Transfers are performed on the real-time good funds availability model, so members can immediately verify that funds have been moved to the destination account.

This initial release of Co-op Sprig supports in-network me-to-me and me-to-you payments, as well as remote deposit capture via Apple iPhone. Future phases of the service will include out-of-network me-to-anyone payments, a point-of-sale option and RDC via Android smartphones.

Stan Hollen, president and CEO of Co-op Financial Services, said that Co-op sprig has already been adopted by several CUs in a soft launch of the product.

Jim McCarthy, president and CEO of Northwest Resource FCU, which took part in the soft launch, said that implementing Co-op Sprig was "extremely easy" for both the CU and its members.

"The clean and easy-to-use interface can be accessed from a mobile phone or tablet or PC, providing members with account access from virtually anywhere," he said.

Another soft launch participant, Cal Center Credit Union, has used Co-op Sprig to accommodate the lifestyles and needs of younger members.

"Without the mobile product, we would not have been able to capture this market as soon as we would have wanted to," said Linda Pettit, CEO of Cal Center Credit Union.

Read more about mobile banking.

Related Content

User Comments – Give us your opinion!
Products & Services

Software Security – NCR Solidcore Suite for APTRA™

http://global.networldalliance.com/new/images/products/NCR_logo_100_0409.gif

3728/Software-Security-NCR-Solidcore-Suite-for-APTRA

Serve Versatile Demands—Full-function TTW ATM H38N

http://global.networldalliance.com/new/images/products/H38N.jpg

3738/Serve-Versatile-Demands-Full-function-TTW-ATM-H38N

KAL K3A – The Kalignite Advanced ATM Application

http://global.networldalliance.com/new/images/products/Kalignite_K3A_100.gif

3734/KAL-K3A-The-Kalignite-Advanced-ATM-Application

Kingteller - K3 TTW Cash Recycler

http://global.networldalliance.com/new/images/products/6089.png

6089/Kingteller-K3-TTW-Cash-Recycler

Batch File Generation from Online Test Data- FILEgen™

http://global.networldalliance.com/new/images/products/filegen_with_box100.gif

803/Batch-File-Generation-from-Online-Test-Data-FILEgen

A98 ATM Key Management System – A98-R - Remote Key Module

http://global.networldalliance.com/new/images/products/A98_R_100.gif

3765/A98-ATM-Key-Management-System-A98-R-Remote-Key-Module

iDynamo Secure Card Reader Authenticator

http://global.networldalliance.com/new/images/products/4295.png

4295/iDynamo-Secure-Card-Reader-Authenticator

Quality Assurance Testing & Migration Services

http://global.networldalliance.com/new/images/products/6623.png

6623/Quality-Assurance-Testing-Migration-Services

Cash Processing Technology

http://global.networldalliance.com/new/images/products/4337.png

4337/Cash-Processing-Technology

Cash only lobby ATM – Monimax 5000 CE

http://global.networldalliance.com/new/images/products/Monimax_5000CE_100.jpg

3730/Cash-only-lobby-ATM-Monimax-5000-CE

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.