Agreement Also Involves Strategic Investment by CO-OP Financial Services And Representation on Alkami Technology’s Board of Directors
RANCHO CUCAMONGA, Calif., and PLANO, Texas, February 20, 2014 – CO-OP Financial Services and Alkami Technology, Inc., are partnering to bundle CO-OP Bill Pay with the Alkami ORB Platform, enabling credit unions to offer members a fully-integrated online and mobile banking bill payment solution.
CO-OP Financial Services is also making a strategic investment in Alkami as part of its program of maximizing efficient connectivity to emerging product lines and building highly adaptive applications that serve CO-OP’s credit unions and their members. The minority ownership earns CO-OP a seat on Alkami’s Board of Directors.
The bundled solution from the two partners includes MemberPayPlus, the premium version of CO-OP Bill Pay, which serves as the processing engine behind the bill pay user interface provided by the Alkami ORB Platform. The result is a digital banking solution that includes the following features:
• Designed for touch on smart phones and iPads;
• Content driven, including dashboard, account history, fund transfers, integrated bill pay, savings and budgeting tools;
• Customizable user interface and content on a per member basis; and
• Empowers credit unions to understand and access information about its member base, then communicate with them in more relevant ways.
“The Alkami user interface is an elegant one, and in combination with CO-OP Bill Pay processing, presents a compelling digital banking and bill pay alternative for credit unions,” said Stan Hollen, President/CEO, CO-OP Financial Services. “The fact that we have not only chosen to partner with Alkami, but to invest in the company as well, clearly demonstrates our commitment to this partnership and just how important we think our bundled solution is for credit unions.”
“The digital banking channel is fast becoming the primary touch point between credit unions and the members they serve,” said Stephen Bohanon, Founder of Alkami. “CO-OP Bill Pay is a proven platform that has processed millions of payments, and the bundling of our two products makes for an advanced digital banking solution that delivers real value to credit union members.”
For more information on the bundled CO-OP Bill Pay and Alkami ORB Platform for home banking and bill payment, please email [email protected] or call 1-800-782-9042, ext. 7240.
About Alkami Technology, Inc.
Alkami, a leader in the digital banking revolution, provides online and mobile banking solutions for credit unions and banks. Alkami’s flagship product, the ORB Platform, delivers unparalleled security, flexibility and extensibility, a superior architecture for the future of digital banking. With its modern interface, intelligent content delivery system and customizable feature set, the ORB Platform is the ultimate digital banking solution for financial institutions. Alkami provides the ORB Platform as either a license or SAAS solution. For more information about Alkami, please visit www.alkamitech.com.
About CO-OP Financial Services
Based in Rancho Cucamonga, Calif., and founded in 1981, CO-OP Financial Services is the nation’s largest credit union service organization in terms of number of credit unions, assets and members. The company helps credit unions thrive by providing products and services that make it more convenient for members to do business with them. With a motto of “Be There. Be More,” CO-OP’s products fall into three business lines, including “Locations,” (ATM, shared branching and call center services); “Card Payments” (debit and credit processing) and “Mobile/Virtual” (mobile, online, check imaging, bill pay services). To learn more visit www.co-opfs.org