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CO-OP announces 10th price cut in 10 years
RANCHO CUCAMONGA, Calif. (12/18/07)--CO-OP Financial Services announced a 10th price reduction in 10 years that will affect Falcon Neural Network transaction scoring for signature and personal identification-number debit transactions. The decrease will result in an estimated $1 million in savings for CO-OP’s 2,800 member credit unions, according to the company. “We routinely survey the market and re-evaluate our pricing structure,” said Stan Hollen, CO-OP Financial Services president/CEO. “Our executive management team and board of directors felt it was important to provide our members with a reduction in the fraud and risk management area, because it remains a primary focus for the financial services industry.” CO-OP is a credit union services organization that provides ATM network access, ATM processing, debit and card services, and shared branching.
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