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From the Editors of CU Weekly
CO-OP COMMENTS ON VISA, FIRST DATA
02/27/14 03:08 PM
Thinks it’s an Industry Win-Win
CO-OP Financial Services’ business partners—Visa and First Data (STAR Network)—announced an agreement to share Visa’s common debit solution offering issuers, acquirers, and merchants an approach for debit EMV chip adoption.
CO-OP commented on this industry development, stating “Like STAR, CO-OP is among the leading PIN debit networks in the Debit Network Alliance working to provide a structure for the common deployment and implementation of the debit EMV standard. One of the ways this can be accomplished is through agreements with other networks, such as the Visa-STAR agreement.”
Currently, many of CO-OP’s clients are STAR participants. CO-OP also supports STAR’s agreement with Visa, and is actively working to provide similar functionality in the marketplace.