MARKHAM, ON, April 16th, 2012 – Everlink Payment Services Inc., a leading provider of Integrated Payment Solutions & Services for Credit Unions, Banks and ISOs in Canada, is pleased to announce the launch of Compliance Express. This program combines a series of Everlink POS Acquiring and Professional Services designed to offer Independent Sales Organizations (ISOs) an all-inclusive solution for making their merchant clients compliant with EMV rules and regulations.
“Everlink is a recognized leader in the introduction of EMV technologies and conversions in the Canadian financial services and payments industry. Our world class expertise and leadership in this area have been captured and are now available to help clients leverage this expertise to their business advantage, thus avoiding costly penalties and making sure the conversion is done right, the first time around”, says Mark Ripplinger, President of Everlink Payment Services Inc.
It is widely recognized that chip-technology is the long-term solution to payment card fraud and that the Canadian payments industry will benefit from a more secure payments system, coupled with enhanced consumer confidence. It was for these reasons that the technology was adopted and that Acquirer compliance thresholds of 60% and 100% for all Interac Debit terminals have been scheduled for December 31, 2012 and December 31, 2015 respectively.
However, regardless of the known benefits of the technology, and the penalties for not maintaining a robust adoption schedule, the act of upgrading the terminals of all merchants who accept Interac IDP transactions to chip technology, is a task that many ISOs find daunting, and requires a substantial investment in POS hardware.
In order to facilitate this upgrade, the Everlink Compliance Express program offer will:
- Allow clients to purchase EMV compliant devices directly from Everlink at preferential prices
- Ensure that the Everlink Payment Application is loaded
- Ensure that the device is securely Key Injected
- Assist with the certification and boarding tasks required
- Manage a complete deployment process which will see the devices delivered to the ISO or client merchant
The key elements of the program hinge on Everlink working closely with each of its Compliance Express clients to obtain Chip capable terminals and update the payment application on the device to make it EMV compliant. The cost of the service will vary depending on the size of the organization, the payment infrastructure and the proprietary agreements that exist with the Acquirer.
Everlink is uniquely qualified to offer the Compliance Express program to facilitate your organization’s transition to EMV technology and Interac compliance. The team at Everlink not only has an in-depth understanding of EMV, but operates one of the most robust, high-availability EMV transaction processing environments in Canada. With a wealth of experience in EMV processes and operations from both the acquiring and issuing perspectives, Everlink is a sound, dependable choice to be your strategic EMV partner.
Everlink Payment Services Inc. based in Markham, ON, is a joint-venture company owned by FIS and Celero Solutions, and is fully compliant and EMV certified with the Interac, MasterCard and Visa associations. Everlink is a recognized leader in the dependable secure delivery of Electronic Transaction Processing services, EMV Chip, Managed ATM Services and Integrated Payment Solutions in the Canadian financial services marketplace. Everlink is the first in Canada to instantly issue a fully personalized, Interac and MasterCard certified EMV Chip card.
To learn more about the Everlink suite of integrated payment solutions, please contact one of our Business Development or Channel Sales & Marketing team members at 1-866-388-0076 or view our contact page.