CO-OP to Offer Zelle℠ Network to Credit Unions Across the U.S.,
Expand Access to Real-Time P2P Payments
RANCHO CUCAMONGA, Calif. & SCOTTSDALE, Ariz.--(BUSINESS WIRE)--CO-OP Financial Services today announced a strategic partnership with
Early Warning to offer credit unions access to the Zelle Network.
Early Warning’s Zelle Network, a financial institution-led
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digital payments network in the U.S., will enable members of
participating credit unions to send money to anyone with a U.S. bank or
credit union account.
The CO-OP partnership with Early Warning will enable participating
credit unions to implement Zelle capabilities in late 2017.
RealPay by CO-OP already offers credit unions the ability to make
person-to-person (P2P) payments from one bank account to another. By
offering access to Zelle, credit union members will gain the
ability to send and receive faster P2P payments from the convenience of
their mobile phones or online banking platform. Credit union members
will also gain the ability to make payments using only the recipient’s
email address or mobile number, which limits the sharing of sensitive
bank account details like routing numbers.
“CO-OP is committed to offering the latest mobile and online payment
services to its credit unions and making transactions as convenient and
secure as possible for their members,” said Todd Clark, President/CEO,
CO-OP Financial Services. “Partnering with Early Warning greatly expands
the ability of credit union members to make faster P2P payments, an
innovation that will help credit unions grow through enhanced member
interaction and loyalty with their institution.”
RealPay by CO-OP is available to credit union members in three products
to meet specific credit union needs: 1) Integrated within a credit
union’s own mobile banking app or online banking channel as an
application programming interface (API); 2) As a function of Sprig by
CO-OP, the company’s turnkey mobile app; and 3) As a function within the
brandable and configurable CO-OP Mobile app.
“Credit unions are essential to bringing faster payments on the Zelle
Network to all U.S. consumers nationwide,” said Paul Finch, Chief
Executive Officer, Early Warning. “As a technology leader in the credit
union movement, we are pleased to partner with CO-OP Financial Services
and look forward to working with them to deliver faster payments to
credit union members nationwide.”
About CO-OP Financial Services
CO-OP Financial Services is a financial technology company that supports
3,500 credit unions and 60 million members by providing a cutting-edge
suite of customizable tools and services. The company was the first in
its industry to merge purpose, innovation and technology to help credit
unions advance the industry mission of people helping people. To learn
more visit www.co-opfs.org.
About Early Warning
Early Warning is creating the future of payments by delivering
innovative payment and risk solutions to financial institutions
nationwide. For over 25 years, Early Warning has been a leader in
financial technology that protects and advances the financial system.
Learn more at earlywarning.com.
Contacts
CO-OP Financial Services
Bill Prichard, APR
Sr. Man., P.R. &
Corp. Comm.
800.782.9042, ext. 3450
or
Early
Warning Media Contact:
Porter Novelli
Kate Burgess,
617-897-8220