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 the
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
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 Canada.
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).
SOURCE: Threshold Financial Technologies Inc.
For further information:
Network General Manager
FICANEX Services Limited Partnership
Vice President, Marketing & Communications
Threshold Financial Technologies Inc.