Tag: Payments Modernization

Central 1 and Fiserv to deliver state-of-the-art payments processing capabilities in Canada

VANCOUVER, B.C., September 14, 2021 – Central 1 Credit Union (Central 1), one of the largest payments processors for Canadian financial institutions, today announced it has selected Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, as its strategic partner for delivering state-of-the-art payments processing capabilities for the Canadian market. Central 1 is an integral member of...

Central 1, Vancity and First West credit unions partner to launch enhanced Interac e-Transfer® instant digital payments

VANCOUVER, B.C., September 8, 2021 – Central 1 Credit Union (Central 1), one of the largest payments processors for Canadian financial institutions and government organizations and payments partner of choice for emerging fintechs, in collaboration with Vancity and First West credit unions has successfully launched the first phase of Interac e-Transfer® for Business. The solution is an enhancement to the existing Interac e-Transfer service that enables the receipt of real-time, account number routed and data-rich transactions.   Vancity and First West Credit Union are...

Central 1 leading Canada’s credit union system through Payments Modernization

Central 1 will have a strong presence at the forthcoming Payments Canada Summit; the industry’s once-a-year opportunity to come together to learn, network, and connect on the future state of payments in Canada. Canada is undergoing a massive transformation in its payments industry to support the rapidly changing needs and expectations of the Canadian marketplace, foster innovation and strengthen competition...

How this credit union is getting ready for real-time payments

“Faster payments is something that our members have been requesting for some time and we’re excited that Canada’s new Real-Time Rail (RTR) will allow us to provide more convenient payments options to our members, especially our small business members,” reveals FirstOntario Credit Union’s VP Digital Channels and Experience, Ron Renton. Renton and the team at FirstOntario have had Canada’s Payments...

Ensuring the Safety and Soundness of Payments for the Credit Union System

Meet Sue Whitney, the payments guru who is leading Central 1 on our Payments Modernization journey. As VP of Payments Strategy, Sue has brought to Central 1 and the credit union system her vast experience of driving transformational change within Canada’s payments system (in the public and private sector). She was recently appointed to an additional three-year term on Payments Canada’s Member Advisory Council (MAC), a body which is...