The roots of Co-operative Bank can be traced back to 1872 when it was part of the Co-operative Wholesale Society (CWS). Rochdale Pioneers started CWS in 1844 as a business that was owned by its members and aimed to work for the common good. In 1863, the North of England Co-operative Wholesale Society was launched by 300 individual co-ops across Yorkshire and Lancashire, and the primary goal was to buy and make goods for cooperatives. The business has gone through many changes over the years, it still tries to champion good causes.
Co-operative Bank offers safe, secure and reliable card acceptance solutions through its strategic partner, First Data, which provides secure and innovative payment technology and services to more than six million merchants internationally.
Through its partnership, Co-operative Bank helps merchants accept face-to-face, phone, mail order, and online payments. First Data accepts every credit and debit card option, including: MasterCard, Visa, American Express, Discover, Diner’s Club, and debit cards. Through First Data, Co-operative Bank is able to offer customers a large variety of add-ons, including a tax-free shopping refund service and dynamic currency conversion. Merchant services also include fraud screening, transaction data and analytics, chargeback dispute resolution, seamless integration with point-of-sale software, and streamlined account management with Business Track.
Headquartered in Atlanta, Georgia, First Data, which is a global leader in payment services, and serves 118 countries, 4,000 financial institutions and six million merchants. It processes more than 2,800 transactions per second. More than $1.9 trillion goes through its hands every year, while processing 28% of the world’s ecommerce transactions. Its subsidiaries are Clover Network and Bluepay.