CUTASC Implements Fincentric
Gateway to Everlink Services
Vancouver, BC, February 1, 2006 –
Fincentric Corporation, a leading global provider of core retail
banking software to financial institutions, announced that CU Technical
and Administrative Services Corporation (CUTASC) has successfully
migrated to Canada’s premier electronic transaction switching
services provider, Everlink Payment Services Inc. (Everlink Services),
with the assistance of Fincentric.
“The successful transition to Everlink is
an important milestone in delivering our products to Canadian financial
institutions,” said Robert Nygren, President and CEO of Fincentric.
“The complete solution and ease of integration with Everlink’s
system allows CUTASC to interface easily with our Wealthview Banking™
platform. This reinforces our dedication to making the strongest
technology products and services available to our customers.”
“Everlink’s ATM and INTERAC Direct
Payment (IDP) Switch sets a new standard for credit unions using
third-party systems to support a totally integrated retail banking
solution,” said Mike Feliciano, President of Everlink Payment
Services Inc. “It also provides Canadian credit unions with
an open choice of which business providers they’d like to
use.” Everlink is the current provider for the Credit Union
Central of Canada (Canadian Central) National Node and the Credit
Union Central of British Columbia (CUCBC) BC Node, and offers customers
a direct link to numerous networks which reduces points of potential
failure.
CUTASC was founded on co-operative principles to provide small and
medium sized credit unions access to technical innovations, systems
and the skill sets they require to remain independent and competitive
in the fast paced financial services industry.
“From the beginning, CUTASC’s goal
was to offer appropriate technological solutions to credit unions.
We achieved this for banking systems in 2003, when we migrated our
clients to the Wealthview Banking system”, said Wilf Rimmer,
CEO of CUTASC. “The migration to the Everlink National Switch
provides CUTASC clients with a reliable payment solution for their
members.” CUTASC clients now have access to the most modern
switch facility, including the best real time disaster recovery
capabilities and reporting tools currently available to Canadian
credit unions.
The open architecture of Fincentric’s Wealthview
Banking software allowed CUTASC to successfully integrate a new
mission critical third-party system into the Wealthview Banking
system in record time. The Fincentric Wealthview platform and business
philosophy enables credit unions to quickly adapt to market conditions
through the rapid integration of products and services that have
rich and unique functionality.
About CU Technical and Administrative
Services Corp.
Formed in 2002, CU Technical and Administrative Services
Corporation (CUTASC) is a credit union services organization (CUSO)
owned by Northern Savings Credit Union and Coastal Community Credit
Union. Initially established to evaluate banking system alternatives,
CUTASC now offers timely access to technology best practices, services
and systems to Canadian credit unions.
About Fincentric Corporation
Fincentric Corporation is a leading provider of core retail banking
and customer value management software to the global financial services
industry. Fincentric’s Wealthview family of integrated products
enables financial institutions to leverage customer knowledge to
deliver personalized service and product offers, and develop profitable
customer relationships. Fincentric has strategic alliances with
TELUS, Microsoft and Intel, and supports financial institutions
in over 20 countries.
Media Contacts:
Carole Kalil
Everlink Payment Services Inc.
Tel: 905-947-0076 Ext. 860
Steve Mosey
Fincentric Corporation
Tel: 604.214.5722
Linda Allen
CU Technical and Administrative Services Corp.
Tel: 250.926.6201
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