MARKHAM, ON, APRIL 10, 2017 – Everlink Payment Services Inc. is pleased to announce a new partnership with Servus Credit Union, who will use Everlink’s Central Card Issuance (CCI) solution to produce and distribute contactless EMV Chip Debit Mastercard® for their members. Everlink is updating their card processing capabilities to support the issuance of Debit Mastercard. Debit Mastercard is a co-branded Debit card; the card works as a Mastercard for on-line and international transactions and as an Interac Debit card when used for Canadian domestic transactions. Servus is the first credit union in Canada to launch this co-branded card.
Everlink’s Central Card Issuance (CCI) solution enables financial institutions to reliably and cost-effectively produce contactless EMV Chip Debit cards from a secure central facility, offering distribution options to send the cards directly to the cardholder or to the branch. Introducing this new card offering, Everlink continues to provide a simple, cost effective way to produce EMV compliant dual interface (contactless) cards, now with the added benefit of co-badged Debit Mastercard.
Debit Mastercard provides cardholders with more choices as it can be used anywhere they would use Mastercard while travelling. Along with the added benefit of Card Not Present transactions (e-commerce purchases at participating online retailers), Debit Mastercard allows cardholders to shop in stores inside and outside of Canada, as well as complete ATM withdrawals inside and outside of Canada wherever Mastercard is accepted – proving it to be a true convenience card as it provides the cardholder with the freedom to shop with one card.
Financial Institutions (FIs) who select Everlink’s Debit Mastercard solution benefit from:
• A cost-effective solution for e-Commerce transacting.
• Premium Interchange rates.
• Alignment with current ATM transaction processing.
• Displace cash.
• Attracting new members/customers.
• Invigorate through innovation.
• Development work completed by Everlink.
“Servus members will be the first credit union members in Canada to have access to a branded debit product. We’re very proud that with the new Servus debit Mastercard cards, members will be able to use debit in more places and with more convenience when making all of their daily purchases,” said Caroline Ziober, Chief Operating Officer, Servus Credit Union. “Servus is always looking for new ways to support our member’s financial health and are excited to work with great partners like Everlink and Mastercard to bring this to life.”
“Everlink has a long-standing relationship with Servus that extends from payments processing, ATM Managed Services, and Fraud Management Solutions through to Card Issuance & Management. This latest partnership is a testament to the innovative solutions and trust that we’ve built with Servus Credit Union over the years,” says Mark Ripplinger, President & CEO at Everlink. “Offering a number of options for card personalization and fulfillment, Everlink’s CCI Solution, and more specifically the Debit Mastercard program, will enable Servus Credit Union members to now make Card Not Present transactions with their co-badged debit card.”
Over the past five years, Everlink’s Card Issuance Solutions have been selected by a vast majority of their financial institution clients across the country. Interac Flash® technology is a key offering for financial institutions who are looking to remain competitive in a rapidly evolving payments landscape, particularly if they intend to provide their members/customers with mobile payments capabilities.
For more information on Everlink’s contactless card issuing solutions, download our brochure: Contactless is More.
Servus Credit Union is a member-owned financial institution serving members from more than 100 locations in 59 communities. The credit union’s vision of building a better world – one member at a time – inspires their commitment to provide sound, advice-based financial products and services; help members achieve personal satisfaction, enjoy financial stability and a good quality of life; and improve the communities where its members live and work. For more information, call toll-free 187SERVUSCU / 1.877.378.8728 or visit servus.ca.
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 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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For additional information contact:
Everlink Payment Services Inc.