Southington, Conn., Feb. 2016 – Betsy Didan, First Vice President of Cash Management and Payment Services at COCC, has been elected to serve on the board of directors of NEACH Payments Group.
NEACH Payments Group is a wholly owned subsidiary of NEACH, the New England Automated Clearing House Association. “The goal of NEACH Payments Group is to help financial institutions and payments industry stakeholders comply with rules and regulatory requirements and to benefit from the opportunities the changing payments environment brings to the industry,” said Linda N. O’Hara, President of NEACH.
In forming the board for NEACH Payments Group, NEACH sought out a mix of financial institutions and businesses. “The industry is changing and we welcome someone from a processor perspective who will identify the changing needs of clients,” said Ms. O’Hara. “NPG will benefit from Ms. Didan’s forty years of experience and knowledge serving banks and credit unions.” Ms. Didan has been involved in numerous projects along the evolution of the payments system. She has decades of experience in bank operations and cash management and broad experience in payment systems. We are delighted to have her on board.” Ms. Didan has been with COCC since 2004. Notably, Ms. Didan developed, promoted and supported innovative technologies that have reduced paper and increased the speed and security of payments throughout the Northeastern US.
COCC’s client base and experience in the industry as a whole made a good match for continued collaboration with NEACH, as well. “It’s a really great partnership,” said Ms. O’Hara. “With so many major initiatives going on in payment systems, we need organizations like COCC that are keeping up with that pace of change.”
COCC offers a wide range of cash management services to their clients and has worked closely with NEACH over the years. COCC’s focus is on providing broad product offerings to regional and community banks and credit unions, allowing them to compete with larger national institutions. “With fast-paced, evolving payments solutions, it is key for financial institutions to manage risk and compliance, and the NEACH payments group is instrumental in making this happen,” said Ms. Didan.
About NEACH Payments Group
NEACH Payments Group is a wholly owned subsidiary of NEACH, the New England Automated Clearing House Association. NEACH was created in 1973 to foster the development and growth of electronic payments. Since that time, NEACH has expanded its traditional role of providing education, advocacy and other member services to include risk management and compliance services to individual financial institutions
COCC is an award-winning client-owned financial technology company servicing financial institutions throughout the Northeastern United States. Launched in 1967, COCC was founded by its clients. This unique cooperative structure has set COCC apart from the competition and is one of the driving forces behind their success. COCC is the fastest growing financial data processing company in the United States and recognized as a leader in delivering innovation and the quality service financial institutions demand and deserve.