MARKHAM, ON – Everlink Payment Services Inc. announced today a strategic partnership with Central 1, CEAMS, and League Data that makes the Everlink Lock’N’Block™ mobile fraud management solution available to clients across Canada who use the Central 1’s MemberDirect® Mobile Banking App.
Simply put, Lock’N’Block™ provides cardholders with the ability to control access to their debit cards, when and where they want, through their mobile phone.
Cardholders control debit card access by simply logging into their mobile banking app and clicking on the Lock’N’Block™ icon. The screen will then display a page that shows an image of the card that they have “Registered” and a toggle that will allow the cardholder to “Lock” or “Unlock” their debit card.
Lock’N’Block™ has been designed with different blocking capabilities. Cardholders can lock their card completely or specifically from international use, while allowing domestic transactions. Lock’N’Block™ blocks debit card transactions at the Everlink switch level and has been designed to not interfere with other Fraud Management System actions. Lock’N’Block™ works on Apple™ and Android™ devices supported by Central 1, and includes support for Everlink’s DebitWear™ contactless debit wristband.
“At some point, everyone has found themselves in situations where their debit card has been lost, stolen or simply temporarily misplaced. When this happens, we are naturally concerned about unwanted use of our card at ATMs or POS terminals,” says Mark Ripplinger, President & CEO at Everlink. “We are very pleased that our partnership with CEAMS, League Data, and Central 1 will give cardholders a way to proactively respond in these situations and minimize, if not completely eliminate, unwanted use of their debit card.”
“CEAMS is excited to be working with our co-operative partners to put the power of card management in the hands of credit union members,” says Alister Lowe, General Manager of the CEAMS Association. “The Lock’N’Block™ feature of mobile apps will help mitigate the impact of card fraud to both credit unions and their members and increase credit union member confidence in new and developing payment methods.”
“League Data is pleased to partner once again with Everlink to offer the Lock’N’Block™ service, which we feel will help the Atlantic credit unions differentiate their debit card services from the big banks. Lock’N’Block™ will empower credit union members with complete control of their debit card and provide an additional layer of security. This is an innovative product that we feel will benefit all of the Atlantic System,” says Carrie Forbes, Solutions Director at League Data.
“This collaboration is a prime example of how we can deliver successfully on an idea in digital by leveraging our organization’s platforms to enable credit unions to be successful,” says Chris Dickin, AVP Business Development and Delivery at Central 1. “We very much look forward to continuing and deepening this collaboration for the future benefit of our mutual clients.”
The Credit Union Electronic Account Management Services (CEAMS) Association is a group of credit unions interested and committed to working to obtain the best technology services available. Through the CEAMS organization, members derive value through the benefits of combining the strategic assets and strengths of credit unions. CEAMS works to gain economies of scale for its members.
League Data is focused on providing fully integrated technology solutions that credit unions require to deliver a member experience that enables growth, while reducing administration and operational costs. As the Chief Information Officer (CIO) of the Atlantic System, we provide technology leadership in the area of banking solutions, as well as support and alignment to regional and national credit union system initiatives that support member growth and system efficiencies.
Central 1: With offices in Vancouver, Mississauga and Toronto, Central 1 holds on balance sheet approximately $18.0 billion in assets. We provide wholesale financial products, trust services, payment processing solutions and digital banking services to about 300 credit unions and institutional clients from coast to coast.
In addition, Central 1 is the primary liquidity manager, payments provider and trade association for our 42 member credit unions in B.C. and 71 Ontario member credit unions. Our members represent a consumer-oriented, full-service retail financial network that collectively serves 3.3 million members and holds more than $118.8 billion in assets. For more information, visit www.central1.com.
Everlink Payment Services Inc. is a leading provider of comprehensive, innovative and integrated payments solutions and services for credit unions, banks, and independent sales organizations across Canada. In addition to supplying best-in-breed technology infrastructure and payment network connectivity via our well established Payment Network Gateway, we offer a diversified range of integrated payments Lines of Business including: ATM Managed Services, Card Issuance & Management, Fraud Management Solutions, Mobile Payments, Professional Services and SME Solutions.