2017-03-02T00:00:00 | CO-OP, FCTI REACH AGREEMENT KEEPING CO-OP ATMS IN 7-ELEVEN STORES
Incorporates Approximately 8,000 ATMs Nationwide
RANCHO CUCAMONGA, California, and LOS ANGELES, California (March 2, 2017) - CO-OP Financial Services and FCTI, Inc. announced that the two companies have reached an agreement ensuring that approximately 8,000 ATMs located in 7-Eleven stores nationwide will continue to be a part of the CO-OP ATM network.
In July 2015, 7-Eleven, Inc. announced Los Angeles, California-based FCTI as its new ATM provider. The multi-year agreement between FCTI and Rancho Cucamonga, California-based CO-OP Financial Services keeps the CO-OP ATM network in 7-Eleven stores, with the transition to FCTI operated-ATMs taking place during 2017.
"FCTI has been a long-term partner of CO-OP, dating back to 2004," said Todd Clark, President/CEO of CO-OP Financial Services. "This agreement continues to enable millions of surcharge-free transactions for members of participating credit unions every year, so members can conveniently avoid being charged. The CO-OP ATM network remains the largest credit union-only ATM network, larger than any single commercial bank fleet, at 30,000 machines. We look forward to working with FCTI, especially during the transition period, to make sure the switch to FCTI machines is done without access interruption to members."
In addition, the CO-OP-FCTI partnership will bring additional locations into the network from the approximately 5,000 terminals currently owned and operated by FCTI.
"CO-OP ATM is the key to convenient, surcharge-free access to accounts for credit union members, and we are delighted that this service will continue at 7-Eleven stores through FCTI machines," said Jeffrey Wernecke, Co-CEO of FCTI. "The enhanced security features of our machines will be a particular benefit to credit union members, in this era of heightened concern over identify theft and other forms of fraud."
For more information on CO-OP Financial Services, visit www.co-opfs.org, and for more information on FCTI, visit www.fcti.net.
FCTI, Inc. is a leading nationwide ATM network and service provider. Since 1993, the nation's largest banks, retailers and hospitality brands have relied on FCTI to grow their revenues with ATMs. With a focus on customer service, FCTI enables companies to drive additional revenue without upfront investment in hardware, and ensures a full-service approach that reduces the cost and hassle associated with maintenance, cash management and ATM compliance. Learn more at http://www.fcti.net.
About CO-OP Financial Services
CO-OP Financial Services is a payments and financial technology company that supports 3,500 credit unions and 60 million members by providing a cutting-edge suite of customizable tools and services. The company was the first in its industry to merge purpose, innovation and technology to help credit unions advance the industry mission of people helping people. Visit www.co-opfs.org.