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CO-OP Comments on Visa, First Data Agreement
Monday, March 3, 2014 6:45 AM

Last week, two business partners of CO-OP Financial Services – 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, an endorsed five star business partner of Credit Union Resources, Inc., has issued a comment on this industry development:

“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.

“Many of CO-OP’s clients are STAR participants and CO-OP supports STAR’s agreement with Visa. CO-OP is also actively working to provide similar functionality in the marketplace. We think this is a win-win for the industry.”