Co-op Pay Network supports debit compliance and gives credit unions a competitive edge

The regulatory arena for credit unions is constantly evolving, and one of the most active areas in recent years pertains to debit interchange. The Durbin amendment requires debit issuers to maintain a minimum of two unaffiliated networks.

Co-op Pay Network is an unaffiliated debit network designed to enable credit unions to meet regulatory requirements as well as maximize non-interest income generated by their debit portfolios. Since it was launched over a year ago, more than 200 credit unions have signed up to participate in the network.

PSCU/Co-op Solutions hosted a panel discussion focused on the benefits of Co-op Pay Network at the 2024 Government Affairs Conference in Washington, D.C. The panel included Scott Rabe, SVP of Innovation and Automation at STCU and Rob Goodwin, Vice President of Network Strategy at PSCU/Co-op Solutions. Kasey Stinson, Vice President of Sales Enablement and Product Marketing at PSCU/Co-op Solutions served as moderator.

Kasey Stinson: Rob, what are some of the key benefits of Co-op Pay Network?


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