RANCHO CUCAMONGA, Calif. (4/27/12)--CO-OP Financial Services is introducing CO-OP Bill Pay, the company's first online bill pay product line for credit unions
The bill-pay product is the result of CO-OP's acquisition in January of Corporate Network eCom LLC, the company said. "The new line is a perfect extension of our e-commerce solutions, and will help our clients compete even more effectively against banks in terms of access and convenience services they can offer their members," said Stan Hollen, president/CEO of CO-OP Financial Services.
The line is backed by CO-OP's eCom service organization, with 13 years of experience and providing support to more than 750,000 credit union members.
With CO-OP Financial Services' aggregation of client volume and processing, the company can offer clients bill pay solutions at a better price than that they could secure on their own, the company said.
CO-OP Bill Pay allows members to receive, view, manage and pay all of their bills when they log-on to their credit unions online banking site. The new product line is available in three versions to maximize the range of options credit unions can offer their members.
Features of the CO-OP Bill Pay include:
e-Bills. Credit unions can present electronic versions of members' bill, allowing them to view and pay bills immediately.
Expedited payments. This feature enables members to make same-day electronic payments.
Person-to-Person (P2P) payments. Members can transfer money to anyone having a deposit account in the United States or send money instantly via PayPal.
Alerts. Credit unions can send members email alerts regarding payments and other matters.
Access by mobile device.