FSS (Financial Software and Systems), a global payments technology company, announced that Canada’s Everlink Payment Services Inc., a leading provider of payments solutions and services for Canadian credit unions, banks, and small and medium enterprises, has selected FSS’s Unified Card Management System to modernize card operations to support its future growth plans. The FSS solution was chosen as the replacement for Everlink’s legacy card issuance infrastructure to better respond to the needs of the market, with deployment scheduled to go live in the 4th quarter of this year.
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Within the scope of the partnership FSS would implement its Unified Card Management System to manage debit and prepaid cards issuance from a single platform and also support transaction processing and programs for prepaid cards, bringing significant scale efficiencies. As part of the deal, FSS would replace the existing card issuance system with an API-based card management framework to simplify operations, reduce total cost of ownership (TCO) and mitigate obsolescence risk.
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Speaking on the collaboration, Founder, Chairman and Managing Director, Nagaraj V Mylandla, FSS stated: “Everlink and FSS share a common vision to deliver convenient, flexible, simple payment experiences to customers. We are delighted to collaborate on this digital transformation journey helping to bring more choice and innovative services to the market. The Canadian market relies heavily on card spending and is digitizing rapidly. It is a market where FSS is deeply committed to work with partners such as Everlink to help revolutionize customer digital experiences.”
Mark Ripplinger, President and CEO, of Everlink, stated: “Consumers in Canada are rapidly adopting newer payment products, such as co-badged, prepaid and contactless cards. We needed a flexible solution, capable of modernizing our card management to extend our portfolio of products and services to respond to the needs of an increasingly competitive and changing market. We identified FSS as a partner in this critical transformation journey for its expertise in managing complex large-scale migration projects, its modern state-of-the-art solution, and most importantly, the approach, flexibility, and the willingness of their team to work with Everlink.”
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