CO-OP to Offer Zelle℠ Network to Credit Unions Acrossthe U.S.,
Expand Access to Real-Time P2P Payments
RANCHOCUCAMONGA, California, and SCOTTSDALE, Arizona (October 24, 2016) – CO-OPFinancial Services today announced a strategic partnership with Early Warningto offer credit unions access to the ZelleNetwork. Early Warning’s Zelle Network,a financial institution-led digital payments network in the U.S., will enable membersof participating credit unions to send money to anyone with a U.S. bank orcredit union account.
The CO-OP partnership with Early Warning will enableparticipating credit unions to implement Zellecapabilities in late 2017.
RealPayby 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 gainthe ability to send and receive faster P2P payments from the convenience oftheir mobile phones or online banking platform. Credit union memberswill also gain the ability to make payments using only the recipient’s emailaddress or mobile number, which limits the sharing of sensitive bank accountdetails like routing numbers.
“CO-OP is committed to offering the latest mobile and onlinepayment services to its credit unions and making transactions as convenient andsecure as possible for their members,” said Todd Clark, President/CEO, CO-OPFinancial Services. “Partnering with Early Warning greatly expands the abilityof credit union members to make faster P2P payments, an innovation that willhelp credit unions grow through enhanced member interaction and loyalty withtheir institution.”
RealPayby CO-OP is available to credit union members in three products to meetspecific credit union needs: 1) Integrated within a credit union’s own mobilebanking 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.
“Creditunions 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 creditunion movement, we are pleased to partner with CO-OP Financial Services andlook forward to working with them to deliver faster payments to credit unionmembers nationwide.”
About CO-OP FinancialServices
CO-OP Financial Services is a financial technology company that supports 3,500credit unions and 60 million members by providing a cutting-edge suite ofcustomizable tools and services. The company was the first in its industry tomerge purpose, innovation and technology to help credit unions advance theindustry mission of people helping people. To learn more visit www.co-opfs.org.
About Early Warning
Early Warning iscreating the future of payments by delivering innovative payment and risksolutions to financial institutions nationwide. For over 25 years, EarlyWarning has been a leader in financial technology that protects and advancesthe financial system. Learn more at earlywarning.com.
