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Collabria partners with Central 1 to offer greater payment flexibility to cardholders and integration with MemberDirect®

CALGARY, AB/VANCOUVER, BC – Collabria Financial Services Inc. (Collabria) announced today a new partnership with Central 1 Credit Union (Central 1) that will offer cardholders increased payment flexibility and integration with Central 1’s Origination Solutions platform and online banking solution, MemberDirect.

The integration of the Collabria card program with MemberDirect will give cardholders a consolidated view of their credit card balances, transactions and spending analysis all within their online banking. Credit union members will have more options when making payments on their credit card accounts and easier ways to pay their balances.

“Collabria is excited to work with Central 1 to deliver this functionality to our credit union partners and their cardholders,” said Collabria CEO John Dundas. “The alliance between the Collabria credit card platform, Central 1 and MemberDirect will provide cardholders with greater functionality and integration with their existing credit union online banking experience.”

The integration with Central 1’s Borrow Anywhere™ and Open Anywhere™ Origination Solutions will allow customers to apply for a credit card at a branch or online and make it easier for credit unions to acquire new members through their online channels. Advanced origination features on Central 1’s platform include electronic signatures, document repository, compliance with the latest regulatory changes, and more.

“Collabria is focused on providing credit card solutions that meet the needs of credit unions and Central 1 is focused on creating exceptional user experiences,” said Central 1 Chief Digital and Payment Officer Oscar van der Meer. “Our partnership helps Central 1 continue to power the digital transformation of credit unions across Canada.”

About Collabria

Collabria is a unique payment solutions provider created to deliver customized, end-to-end credit card products and services. At its core, what sets Collabria apart is its foundation in partnership, collaboration and responsiveness. With Collabria, you'll never have to settle for "one size fits all" programs. Instead, Collabria professionals work with you to design solutions built around the exact needs of your financial institution and your customers. For more information, visit collabriafinancial.ca.

About Central 1

With offices in Vancouver, Mississauga and Toronto, Central 1 holds on balance sheet approximately $18 billion in assets. We provide wholesale financial products, trust services, payment processing solutions and digital banking services to almost 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 system that collectively serves 3.3 million members and holds more than $118.8 billion in assets. For more information, visit central1.com.

Contacts

John Dundas
CEO
Collabria
T 403.283.1414
E john.dundas@collabriafinancial.ca

Art Chamberlain
Media Relations Manager
Central 1 Credit Union
T 905.282.8534 or 1.800.661.6813 ext. 8534
E achamberlain@central1.com