Thu, Nov 3, 2016
Rancho Cucamonga, California
CO-OP Financial Services and CUProdigy are announcing a partnership to provide CO-OP's online bill payment solution to CUProdigy's core processing and cloud computing client credit unions.
"CUProdigy and CO-OP share a common commitment to bringing world-class solutions to credit unions," said Anthony W. Montgomery, CEO of CUProdigy. "This partnership is a great technology fit and an equally great cultural fit. The partnership will give our credit unions easy access to a true leader in bill payment at very aggressive price points. We're very selective with our partnerships because we want to ensure that we bring our clients only best-in-class products and services."
With approximately 75 percent of payments now handled electronically, CO-OP and CUProdigy are looking to provide a meaningful alternative to credit union members for making online bill payments. Under the agreement, CUProdigy clients will be able to buy electronic bill pay services much less expensively through CO-OP than they could on their own or directly with other providers.
"We gravitated toward CUProdigy as a new business partner because we are looking for thoughtful ways to build awareness of our bill payment products and scale this business efficiently," said Todd Clark, President/CEO of CO-OP. "CUProdigy can deliver value to their client base by providing this alternative bill payment arrangement as an option for their members, further building the trust factor they already have with their client owners."
Based in Salt Lake City, Utah, CUProdigy (http://www.cuprodigy.com) is a technology credit union service organization focused exclusively on delivering cloud-based solutions to credit unions of all sizes. In addition to a browser-based core processing platform, CUProdigy's other cloud computing services include server virtualization, disaster recovery and virtual desktop infrastructure.
CO-OP Bill Pay enables members to receive, view, manage and pay all of their bills when they log-on to their credit union's home or mobile banking site. CO-OP's MemberPayPLUS product is utilized by credit unions of all sizes across the country. The aggregation of credit union bill pay volumes allows CO-OP to offer its clients the bill payment solution at significant cost savings.
For more information, visit www.co-opfs.org.