New API lets CUs quickly add online, mobile features
Co-op Financial Services has announced a suite of application program interfaces that will allow CUs to quickly integrate the new mobile and online features directly into their existing mobile and virtual channels.
"Co-op is the first provider to offer a complete API suite, paving the way for greater access to mobile and online banking technology for credit unions and their members," said Co-op President and CEO Stan Hollen in a press release. "With the Co-op API Suite, credit unions can cost-effectively expand their mobile-virtual portfolios to meet growing member demand, while retaining the flexibility to add only those functions into their branded channels that work best for them."
The Co-op API Suite is led by the CardNav mobile app. CardNav, allows CU members to manage their cards from their mobile phone, setting preferences for when, where and how their cards are used — even letting them turn their cards on and off with the touch of a finger, the release said.
The new API suite allows credit unions to provide CardNav functionality to members directly from their own mobile apps.
The Co-op API Suite offers customizable versions of other Co-op mobile-virtual products as well. These include the CUSO's new RealPay person-to-person payments network; Co-op Bill Pay; remote deposit capture; Member Rewards by Co-op; and Co-op Shared Branch and ATM locators.
According to the release, the Co-op API Suite offers seamless back-end integration, allowing for simple management and connectivity to existing programs.
"[C]redit unions can save time and resources by utilizing Co-op's solutions, while maintaining their own brand identity," said Hollen. "In addition, Co-op is positioned to expand our API suite as mobile and online technolog[ies] advance, making it easy for credit unions to stay relevant in these fast-evolving arenas."
Topics: Mobile Banking