STRATEGIC PARTNERS
March 11, 2003
PHOENIX, Ariz. -- Co-Op Network, the largest credit union EFT network in the United States, has extended its long-term relationship with eFunds Corporation, with an agreement calling for eFunds to continue providing processing services for 800 of some 1,200 Co-Op Network member credit unions across the country.
According to a news release, the agreement also expands Co-Op Network's 15-year partnership with eFunds to include dual-site processing and the addition of eFunds' currency conversion technology.
"Dual-site continuous processing through eFunds' data centers will position Co-Op Network as the only major EFT processor offering this level of service reliability at its switch," said Robert Rose, Co-Op Network's chief executive, in the release.
Co-Op Network will also implement eFunds' currency conversion technology to expand their network services to potential members in geographies outside the U.S. Co-Op in October added its first non-U.S. member, Canadian credit union Civil Service Co-operative Credit Society.
