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CO-OP Shared Branching Links with TNS to Enhance Service to Members.


RESTON, Va. -- CO-OP Shared Branching has signed up to use Transaction Network Services' (NYSE:TNS) TNSLink solution to provide a more robust communications infrastructure to participating credit unions, in turn enhancing service to members.

For credit unions offering shared branching through CO-OP's Next Generation Network (NGN) technology, this means increased reliability, flexibility, volume capacity and around the clock system monitoring. TNSLink is a fully managed end-to-end data communications solution which utilizes TNS' PCI-DSS certified backbone network, the largest fully-managed, value-added network in the payments industry. The network is monitored around the clock, 365 days a year, providing flexibility and reliability to CO-OP, preventing downtime and loss of data.

The 24 x 7 monitoring aspect has become particularly important as CO-OP's NGN has migrated into a universal hub, connecting credit unions to a range of CO-OP products and services that give extended access to members at any time of day or night, such as CO-OP Fast Branch kiosks and CO-OP My Deposit (remote deposit).

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.

"The scalability of TNSLink also means there is the potential to expand the solution in the future if required. With the majority of branches going live in the next twelve months, members will soon be able to benefit from greater convenience and improved service."

For information about TNS visit www.tnsi.com

About Transaction Network Services

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

TNS' mission is to enable the world to transact. It does this through a broad range of networking, communications and value added services, which it provides to many of the world's leading retailers, banks/processors, telecommunications companies and financial markets.

Since its inception in 1990, TNS has designed and implemented multiple data networks, each designed specifically for the transport of transaction-oriented data. TNS' networks support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods. Today, TNS has offices throughout the world serving customers in 28 countries with the ability to provide services in other countries.

For further information about TNS, visit www.tnsi.com

Statements and information contained in our press releases and newsletters that are not descriptions of historical fact may contain forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond our control, which could cause actual results to differ materially from historical results or performance and from any opinions or statements expressed with respect to future periods. www.tnsi.com.

About CO-OP Shared Branching

Credit Union Service Corporation and the shared branching arm of CO-OP Financial Services combined recently to form CO-OP Shared Branching, the credit union movement's largest shared branching network representing 70 percent of all national locations and 80 percent of credit unions participating in shared branching. CO-OP Shared Branching is the only shared branching network representing credit unions, leagues, CUSOs, CUNA and CUNA Mutual. Through our innovative Next Generation Network (NGN), credit unions can better compete with banks by providing members thousands of convenient locations and extended service hours. NGN offers credit unions lower cost, enhanced transaction functionality, and greater information capacity, revolutionizing the way credit unions deliver shared branching to their members. For more information, visit www.co-opngn.net
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Publication:Business Wire
Date:Aug 12, 2009
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