EVERLINK PARTNERS WITH CEAMS, LEAGUE DATA AND CENTRAL 1 TO MAKE LOCK’N’BLOCK™ – A MOBILE CARD BLOCK SERVICE – AVAILABLE TO THEIR CREDIT UNION MEMBERS ACROSS CANADA
MARKHAM, ON, JUNE 20, 2017 – Everlink Payment Services Inc. announced today a strategic partnership with CEAMS, League Data and Central 1 that has made the Everlink Lock’N’Block™ mobile fraud management solution available to clients across Canada who use the Central 1 Member Direct Mobile Banking Application. Simply put, Lock’N’Block™ provides cardholders with the ability to control access to their debit cards, when and where they want, through their mobile phone.
Cardholders control debit card access by simply logging into their mobile banking application and clicking on the Lock’N’Block™ icon. The screen will then display a page that shows an image of the card that they have “Registered” and a toggle that will allow the cardholder to “Lock” or “Unlock” their debit card.
Lock’N’Block™ has been designed with different blocking capabilities. Cardholders can lock their card completely or specifically from international use while allowing domestic transactions. Lock’N’Block™ blocks debit card transactions at the Everlink switch level and has been designed to not interfere with other Fraud Management System actions. Lock’N’Block™ works on Apple™ and Android™ devices supported by Central 1, and includes support for Everlink’s DebitWear™ contactless debit wristband.
“At some point everyone has found themselves in situations where their debit card has been lost, stolen or simply temporarily misplaced. When this happens, we are naturally concerned about unwanted use of our card at ATMs or POS terminals,” says Mark Ripplinger, President & CEO at Everlink. “We are very pleased that our partnership with CEAMS, League Data, and Central 1 will give cardholders a way to proactively respond in these situations and minimize, if not completely eliminate, unwanted use of their debit card.”
“CEAMS is excited to be working with our co-operative partners to put the power of card management in the hands of credit union members,” says Alister Lowe, General Manager of the CEAMS Association. “The Lock’N’Block™ feature of mobile apps will help mitigate the impact of card fraud to both credit unions and their members and increase credit union member confidence in new and developing payment methods.”
“League Data is pleased to partner once again with Everlink to offer the Lock’N’Block™ service, which we feel will help the Atlantic credit unions differentiate their debit card services from the big banks. Lock’N’Block™ will empower credit union members with complete control of their debit card and provide an additional layer of security. This is an innovative product that we feel will benefit all of the Atlantic System,” says Carrie Forbes, Solutions Director at League Data.
“The collaboration we achieved is a prime example of how we can deliver successfully on an idea in digital by leveraging our organization’s platforms to enable credit unions to be successful”, says Chris Dickin, AVP Business Development and Delivery at Central 1. “We very much look forward to continue and deepen this collaboration for the future benefit of our mutual clients.”
The Credit Union Electronic Account Management Services (CEAMS) Association is a group of credit unions interested and committed to working to obtain the best technology services available. Through the CEAMS organization, members derive value through the benefits of combining the strategic assets and strengths of credit unions. CEAMS works to gain economies of scale for its members.
League Data is focused on providing fully integrated technology solutions that credit unions require to deliver a member experience that enables growth, while reducing administration and operational costs. As the Chief Information Officer (CIO) of the Atlantic System, we provide technology leadership in the area of banking solutions, as well as support and alignment to regional and national credit union system initiatives that support member growth and system efficiencies.
Central 1: With offices in Vancouver, Mississauga and Toronto, Central 1 holds on balance sheet approximately $14.9 billion in assets. We provide wholesale financial products, trust services, payment processing solutions and direct banking services to more than 300 credit unions and institutional clients from coast to coast. In addition, Central 1 is the primary liquidity manager, payments provider and trade association for our 42 member credit unions in B.C. and 75 Ontario member credit unions. Our members represent a consumer-oriented, full-service retail financial system that serves 3.3 million members and holds more than $106.3 billion in assets. For more information, visit www.central1.com.
Everlink Payment Services Inc. is a leading provider of comprehensive, innovative and integrated payments solutions and services for credit unions, banks, and independent sales organizations across Canada. In addition to supplying best-in-breed technology infrastructure and payment network connectivity via our well establishedPayment Network Gateway, we offer a diversified range of integrated payments Lines of Business including: ATM Managed Services, Card Issuance & Management, Fraud Management Solutions, Mobile Payments, Professional Services and SME Solutions.
July 7, 2017 – Ottawa, Ontario – Department of Finance Canada
Innovation is changing how Canadians live and how we work, bringing with it new challenges and new opportunities. Innovation is a major driver of economic growth and prosperity for the middle class—which is why the Government of Canada is supporting innovation across the country.
The financial technology (fintech) industry, along with banks and other financial institutions, is using innovative technologies to make financial transactions more convenient and efficient for millions of Canadians. Innovation is transforming all segments of the financial sector, and retail payments are at the forefront of this transformation.
Given the rapid pace of innovation in retail payment services, a new oversight framework is needed to ensure that payment services remain reliable and safe, and to help support the payment ecosystem to continue to develop faster, cheaper and more convenient methods of payment.
The evolving nature and complexity of retail payments requires a dialogue between the Government and stakeholders to ensure the new oversight framework fosters innovation and competition, and protects users of those services. To encourage this conversation, the Department of Finance today released a consultation paper that invites comments from anyone interested in helping shape the new oversight framework for retail payments.
Comments on the paper should be sent by October 6, 2017, to email@example.com or to:
Financial Systems Division
Financial Sector Policy Branch
Department of Finance Canada
90 Elgin Street
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TouchCash Inc. was founded in 2002 and is based in Markham, Ontario. Proudly family owned and operated, TouchCash provides ATM and Mobile and Payment Terminal Solutions for businesses operating in a variety of industries including: c- stores, bars, airports, hotels, corporate offices and sporting complexes just to name a few. TouchCash has focused on helping its customers succeed by providing exceptional service and fostering relationships with business associations and strategic partners. TouchCash also has long standing ties, throughout Canada, to the Korean business community which has enabled the Company to expand its presence country-wide. TouchCash provides its merchants with accounting and support in five languages, and prides itself on offering a complete one-stop-shop solution for all of their ATM, Mobile and Payment Terminal Solutions.
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