News

Mosaic receives Co-Op Network's processor award

October 9, 2003

DEERFIELD BEACH, Fla. - Transaction processing software provider Mosaic Software has received the Co-Op Network's 2003 Outstanding Processor Performance Award.

According to a news release, the award was given for the performance of Mosaic's Postilion software at Arrowhead Credit Union, which achieved a 99.84 percent average response rate and a 96.56 percent approval rate for transactions acquired from the network during an evaluation period from July 2002 to June 2003.

"To be recognized by the Co-Op Network for our contribution to our client's success is quite an honor," said Johann Dreyer, Mosaic Software's chief executive, at the Co-Op Network's 2003 EFT User's Conference in New Orleans earlier this week.