Quebec notaries pave the way for electronic fund transfers

A new secure solution tailored to the needs of consumers 
QUEBEC CITY, Nov. 21, 2013 /CNW Telbec/ - The Chambre des notaires and TELUS 
are pleased to offer Quebec notaries and their clients a unique technology 
enabling electronic fund transfers for real estate and other payments. Thanks 
to Assyst Payment, a solution developed by TELUS, these transactions will 
henceforth be concluded more quickly and easily while continuing to comply 
with the strictest security standards of the industry set forth for notaries 
and their clients. 
Notaries are called upon to receive and transfer funds for a multitude of 
transactions. Currently, these financial transactions are made using 
traditional methods such as cheques or bank drafts. Estimated at more than $61 
million annually, these transactions require time and travel on the part of 
both notaries and their clients. Unique and unprecedented in the Canadian 
professional system, this electronic transfer solution enables the direct 
disbursement of funds between clients' accounts and their notaries' trust 
accounts at minimal cost to users. 
Safeguarding the public trust is a CNQ priority
"This electronic fund transfer solution is undeniably modern and efficient. 
However, our primary goal has always been to continuously raise the bar in 
terms of public protection," said la Chambre des notaires' President Jean 
Lambert. "The introduction of this solution will vastly improve our ability to 
oversee and monitor the trust accounts held by notaries," he added. 
The development of this electronic fund transfer solution was entrusted to 
TELUS. The company brings proven expertise in secure transaction-based 
solutions, notably with its Assyst Real Estate solution. This portal enables 
mortgage-related transfers and processing between notaries and financial 
institutions, and is currently used by 92 per cent of notaries in the real 
estate sector. "In our view, using TELUS to develop and deliver a solution to 
facilitate electronic fund transfers between notaries and their clients was 
the next logical step because it enabled us to build on a proven platform," 
noted la Chambre des notaires' Director Christian Tremblay. 
Buying or selling a property often entails numerous time-consuming and complex 
transactions. "In working with the CNQ to develop Assyst Payment we have 
created technology that makes their members' work a little easier and allows 
them to offer even stronger customer service, while maintaining the highest 
level of security," said Paul Lepage, President of TELUS Payment Solutions. 
"The result is very consistent with our own drive at TELUS to put customers 
first in all we do, creating technologies and services that meet their needs."

SOURCE  Chambre des notaires du Québec 
Martin Scallon Communications Director, Chambre des notaires 514-668-4564 
Jacinthe Beaulieu TELUS Media Relations 418-318-6102 
Élisabeth Brisset Edelman 514-315-1980 
To view this news release in HTML formatting, please use the following URL: 
CO: TELUS Corporation
ST: Quebec
-0- Nov/21/2013 21:14 GMT
Press spacebar to pause and continue. Press esc to stop.