Growth and Successful 19-Year Partnership Lead to Extension
EFD,
eFunds
Corporation (NYSE: EFD), the company that delivers innovative
enterprise payments and
data & decisioning solutions, today
announced that CO-OP Financial Services, the No. 1 credit union EFT network
and processor in the U.S. financial services industry, has extended its
long-term relationship with
EFD. The
agreement calls for EFD to continue to provide third-party
EFT processing services including ATM
network access, ATM processing, debit/card services and shared branching
services to CO-OP Financial Services member credit unions across the
country.
"CO-OP is dedicated to providing our membership with the latest products,
knowledge and support. By delivering EFD's innovative, industry-leading
processing services within our full-service payments delivery network, our member
credit unions have the latest reliable EFT products and services available
to help them compete, acquire new members and thrive in the emerging
digital world," stated Stan Hollen CEO, CO-OP Financial Services. "We are
pleased to extend our long-term relationship with EFD."
"Financial services companies rely on EFD to deliver proven, innovative
solutions that address real business needs. As the largest credit union
owned EFT network in the United States, CO-OP Financial Services is a great
example of how our technology is helping our customers succeed," said Nelson Eng, President, EFD U.S. "We are
excited to continue to partner with CO-OP and believe this extension will
create many new opportunities for our companies and our customers."
About EFD, eFunds Corporation
With more than 35 years of enterprise payments and data & decisioning
expertise, EFD, the Payments Solutions Company, delivers flexible,
innovative solutions to the world's leading businesses. Leveraging
mission-critical business insight, EFD enables financial services
companies, retailers, and government organizations to grow their businesses
while reducing transaction and infrastructure costs, detecting potential
fraud and building long-term customer value. EFD's flexible delivery model
means solutions can be run in-house, outsourced or anything in between,
helping customers balance the need for control with operational efficiency
and low cost of ownership.
