EVERLINK & CENTRAL 1 SIGN MULTI-YEAR AGREEMENT TO PROVIDE REAL-TIME DEBIT CARD FRAUD MANAGEMENT SERVICES TO CREDIT UNIONS
MARKHAM, ON & VANCOUVER, BC, NOVEMBER 1, 2017 – B.C. and Ontario credit unions and other financial institutions now have access to a sophisticated real-time debit card fraud management tool provided by Everlink Payment Services Inc. as a result of a multi-year Fraud Management Services agreement between Everlink and Central 1 Credit Union (Central 1).
Everlink’s Fraud Management Services analyzes debit card transaction information in real-time to help credit unions detect and combat debit card fraud.
“Real-time, enhanced fraud management for the debit card channel adds a critical, additional layer of protection to the suite of fraud solutions offered by Central 1,” says Marilyn Mauritz, Central 1 Interim CEO. “This is another step in our strategy to bring industry-leading solutions to our credit unions and other clients through innovative partnerships. We know our clients take fraud prevention seriously, and the addition of a robust, real-time fraud management solution will allow their members to know they can securely conduct banking and pay for services online and around the world.“
This agreement creates the largest in-market fraud management services bureau delivery in Canada.
“Everlink has worked tirelessly to develop our industry-leading fraud management solutions for credit unions and banks in Canada, and are proud to be delivering these enhanced, real-time services to Canadians in BC and Ontario,” says Mark Ripplinger, President & CEO, Everlink Payment Services. “Working in partnership with Central 1 and supplementing their fraud management services with the launch of our award-winning solution, will provide added safety and security to credit union members when paying for products and services both domestically and around the world”.
Everlink offers a diverse range of fraud management solutions to Canadian credit unions and banks, including Everlink’s real-time debit card Fraud Management Services, as well as Everlink Lock’N’Block®, which is the first mobile fraud management solution that allows Canadian cardholders to ‘lock’ and ‘unlock’ their debit cards using their mobile devices.
About Central 1: With offices in Vancouver, Mississauga and Toronto, Central 1 holds on balance sheet approximately $17.7 billion in assets. We provide wholesale financial products, trust services, payment processing solutions and digital banking services to approximately 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 70 Ontario member credit unions. Our members represent a consumer-oriented, full-service retail financial system that collectively serves 3.3 million members and holds more than $121.6 billion in assets. For more information, visit central1.com.
Everlink Payment Services Inc. is a leading provider of comprehensive, innovative and integrated payments solutions and services for credit unions, banks, and SMEs across Canada. In addition to supplying best-in-breed technology infrastructure and payment network connectivity via our well established Payment 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.
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Everlink Media Contact:
Everlink Payment Services Inc.
Central 1 Media Contact:
Member & External Communication Manager
Central 1 Credit Union