ONTARIO, Calif. — The pending acquisition of eFunds by Fidelity National Information Services should not have a big impact on CO-OP Financial Services, even though CO-OP processes its EFT transactions with eFunds, according to Stan Hollen, CEO of CO-OP.
“This announcement was not unexpected,” Hollen said in a prepared statement. “I have called executives at both EFD and FIS congratulating them on this new relationship and expressing the support of CO-OP Financial Services. In turn they expressed their support for CO-OP Financial Services and a commitment to our initiatives.”
Hollen said that CO-OP has worked with FIS since October 2006 when FIS agreed to market and promote access to CO-OP Network as their primary source of access to surcharge-free ATMs. FIS has had a long involvement with credit unions and is a supporter of many credit union causes, Hollen noted.
“CO-OP looks forward to building relationships with technology partners, such as EFD and Fidelity, to provide best in class payments services to credit unions,” he added.
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