Threshold Financial Technologies Inc. and FICANEX Services Offer Innovative
ATM Partner Program Across Canada
MISSISSAUGA, ON, June 20, 2013 /CNW/ - Threshold Financial Technologies Inc.
(Threshold) is providing an opportunity for financial institutions to expand
their ATM presence across Canada by offering an innovative solution created in
partnership with FICANEX Services Limited Partnership, for Members of THE
EXCHANGE® Network. The ATM Partner Program is fully managed by Threshold
and provides a unique opportunity for Member financial institutions to place
ATMs in off-premise locations, without the associated capital expenditure,
operating expenses and administrative overhead.
Threshold is a full service integrated solution provider of payments
processing and ATM managed services to financial institutions and corporate
retail clients. Threshold is also the Central Switch Provider for THE
EXCHANGE® Network, which is comprised of nearly 200 financial institutions
and 2,500 ATMs across Canada.
The units are co-branded with THE EXCHANGE® Network and the financial
institution placing the unit, providing THE EXCHANGE® Member cardholders with
access to surcharge-free ATMs across Canada. The program is open to all
Members, regardless of their transaction processing provider, and allows them
to establish a presence outside of their branches by building their brand
within the local communities. Establishing a more prominent network and
offering Members' cardholders greater access to surcharge-free funds as well
as other types of transactions, including PIN change, are all key benefits of
British Columbia-based G&F Financial Group was the first to implement the ATM
Partner Program when they were awarded a contract for three ATMs for the City
of Burnaby, providing convenient ATM access for city employees, citizens, and
visitors. "G&F is very pleased with the ATM Partner Program, which allows us
to increase our presence and create awareness of our brand, while at the same
time, provide Members within the City of Burnaby with convenient access to
additional surcharge-free ATMs," states Bobby Dhillon, Vice President,
Marketing, G& F Financial Group.
Your Credit Union has received very positive feedback about the two Partner
Program ATMs installed six months ago at a local community hospital in
Cornwall, Ontario. Several more community-based placements have been made in
recent months. Meridian Credit Union has recently situated units at three
college campuses in the Greater Toronto Area.
"Threshold and FICANEX Services are both committed to providing innovative
services to the financial institutions we serve. We understand the
challenges in the marketplace and believe community-based services are
important," says Matthew McIver, President of Threshold. "By offering the
ATM Partner Program, we provide participants an economical way to expand their
self-service network, while also increasing the number of EXCHANGE® ATMs,
making surcharge-free access to funds more widely available to Canadians."
About FICANEX Services
FICANEX® is a limited partnership formed under the laws of the Province of
British Columbia. FICANEX® manages The Canadian EXCHANGE® Network by
licensing entitlement to use the intellectual property associated with the
Network. FICANEX® was formed in 2000 to both secure a brand for existing
users and increase the scope through new users of THE EXCHANGE® Network in
Threshold Financial Technologies Inc. is a full service integrated solution
provider of comprehensive and innovative payments processing and ATM managed
services solutions. With headquarters in Mississauga, Ontario, Threshold is
a subsidiary of The Brink's Company (Brink's). Based in Richmond, Virginia,
Brink's is a global leader in security-related services for banks, retailers
and a variety of other commercial and governmental customers. The Brink's
Company is listed on the NYSE (BCO).
Linda Matheson Network General Manager FICANEX Services Limited Partnership
(604) 455-0732 lmatheson@TheExchangeNetwork.ca
Tracy Boyd Vice President, Marketing & Communications Threshold Financial
Technologies Inc. (905) 678-4495 firstname.lastname@example.org
SOURCE: Threshold Financial Technologies Inc.
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-0- Jun/20/2013 18:21 GMT
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