CO-OP Shared Branching Signs Up to USe TNSLink Solution

CO-OP Shared Branching has signed up to use Transaction Network Services' TNSLink solution to provide a communications infrastructure to participating credit unions.

According to company officials, TNSLink is a data communications solution which utilizes TNS' PCI-DSS certified network, a fully-managed, value-added network in the payments industry.

Eric Skinner, Director of IT, CO-OP Shared Branching said, "We chose TNS because of its reputation as a provider of high quality solutions in the financial processing industry. Because of their long term relationship with CO-OP Financial Services, we are confident in their ability to help us enhance our connectivity with participating credit unions so they can offer optimal access to members, whether through shared branching or other product choices."

Jim Foster, Senior Vice President (POS Division) at TNS, added "We are delighted that CO-OP Shared Branching will be using the TNSLink solution, through which it will receive state of the art network coverage with 24 hour monitoring and online services to share with its members. Even with the increase in online banking, research by the American Bankers Association has shown that 92 percent of people still visit a branch at least once a month to conduct a transaction.

Transaction Network Services (TNS) is an international data communications company that enables payments, money and voices to move around the world.

Credit Union Service Corp. and the shared branching arm of CO-OP Financial Services combined recently to form CO-OP Shared Branching, a shared branching network representing 70 percent of all national locations and 80 percent of credit unions participating in shared branching.

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