CO-OP Financial Services Offers MasterPass by MasterCard

CO-OP Financial Services is now offering credit unions MasterPass, a digital payments platform from MasterCard that gives members another option to use their credit union cards when shopping online or in-app, using any device.

“CO-OP is committed to partnering with credit unions to help them deploy a digital e-commerce solution that fits the needs of their members,” said Stan Hollen, President/CEO of CO-OP. “MasterPass is an important piece of a comprehensive digital e-commerce strategy, and complements digital wallets such as Apple Pay, Android Pay, Samsung Pay and others.”

Currently accepted in 24 countries and by 250,000 merchants, MasterPass enables consumers to simply and safely make purchases online or in-app with any payment card.

MasterPass speeds up the checkout process without requiring consumers to enter their financial and shipping information at every new merchant site. MasterPass stores payment and shipping information in a single, secure location and lets consumers check out with just a click or a touch of a button – providing an easier way to pay and a more seamless, end-to-end consumer experience.

MasterPass provides credit unions with a top-level payment card service that:

• Gives merchants a consistent way to accept electronic payments regardless of where the consumer may be.
• Enriches the shopping experience for consumers before, during and after checkout.
• Enhances security.

For more information on MasterPass from CO-OP Financial Services, visit www.co-opfs.org.

About CO-OP Financial Services

Based in Rancho Cucamonga, Calif., and founded in 1981, CO-OP Financial Services is the nation’s largest credit union service organization in terms of number of credit unions, assets and members. The company helps credit unions thrive by providing products and services that make it more convenient for members to do business with them. With a motto of “Be There. Be More,” CO-OP’s products fall into three business lines, including “Locations” (ATM, shared branching and call center services); “Card Payments” (debit and credit processing) and “Mobile/Virtual” (mobile, online, check imaging, bill pay services). To learn more visit www.co-opfs.org.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151201005136/en/