Nelson and District Credit Union of Nelson, British Columbia has chosen to implement the Fiserv “Acumen” core banking solution through Fiserv Solutions of
Canada. This after a review of competing processors thanks to the “Acumen” transformational technologies that deliver ease of use; positive references
from the growing number of Canadian credit union leaders already having deployed the solution; and its fully integrated loan origination platform,
comprehensive 360-degree view of the member’s relationship with the credit union, and the ability to generate a wide range of reports with speed and ease.
The completely open platform also provides real-time processing and global capabilities which credit unions cannot outgrow.


Amex Bank of Canada announced that British Airways has joined the American Express Membership Rewards as one of the Program’s newest points transfer participants. American Express Cardmembers enrolled in Membership Rewards are now able to transfer their points into BA Miles. BA Miles reward options include travel to any destination in British Airways’ worldwide network and with partner and oneworld alliance airlines. Membership Rewards is an American Express loyalty program that offers points on your eligible purchases or points for virtually every dollar in purchases charged to the Card.


VersaPay merchant credit, debit, gift and loyalty card payment processing solutions has signed a five-year contract renewal to provide Brewers Distributor its “EFT” proprietary Electronic Funds Transfer (“EFT”) platform. With this, VersaPay will provide BDL of Labatt Breweries of Canada and Molson Breweries business-to-business EFT payment for its customer base of restaurants, bars and hotels. With the EFT platform, money transfers between any Canadian bank accounts are facilitated to help businesses increase profits, shorten accounts receivable cycles, and improve payment efficiency.


American Express Business Travel has deployed its “aXcentis” for small and mid-sized companies, offering cardholders complimentary passes to access Plaza Premium Lounges in Toronto and Vancouver airports. Plaza Premium Lounge memberships are available for clients to purchase at deep discounts and offer access to Plaza Premium’s growing global lounge network, which presently includes Canada, Hong Kong, Singapore, Malaysia, India and Oman. With “aXcentis,” small and midsized companies who previously may not have had access to travel management programs. The program offers access to tools, services, and local travel counselors that provide customized advice and cost management solutions tailored to meet a company’s specific needs. The aXcentis program also offers its “Portfolio Email Dashboard Reporting” solution, offering key metrics that program managers need frequently; Program Strategy; Cash Flow Management/Spend Recycling; and Insight and Benchmarking.


American Express is giving people the opportunity to put their own creative spin on the Company’s advertisement with a chance to win a trip for two to New York and to have their ad featured in its ad campaign. Online, users can interact with a unique Facebook(R) application to design their ad and then share their masterpiece at until November 15 or in person using a digital canvas to create an ad at different locations around Toronto.


Following the success of its 2010 FIFA World Cup broadcast sponsorship, CIBC has entered into a sponsorship agreement with Visa in the retail banking category for the 2014 FIFA World Cup Brazil. CIBC is a leading North American financial institution with nearly 11 million personal banking and business clients. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, and has offices in the United States and around the world. You can find other news releases and information about CIBC in our Press Centre on our corporate website at


GuestLogix onboard store technology to airlines has developed an additional battery offering for use in its widely-used handheld POS devices for onboard retailing. This new offering comes as a response to the rules and concerns put forward by the U.S. Federal Aviation Administration (FAA) regarding Lithium batteries, and may assist airlines in avoiding further regulatory review that could potentially impact the use of existing battery solutions. Lithium batteries are classified as hazardous material but the FAA historically had accepted their use on planes, a position that appears to be changing. The FAA has already banned passengers and airlines from carrying spare, unattached Lithium batteries and mandated that airlines remove Lithium-powered devices from the aircraft for charging – restrictions which have created logistical challenges for both technology providers and their airline customers.


hyperWALLET Systems Inc global payment solutions launched its” hyperREMIT” low-cost SMS international remittance service from Canada to the Philippines. With this, Canadians can quickly send funds to recipients in the Philippines using a variety of secure remittance options, starting from just $6.00 CAD per transfer. Users can do this through bank deposit, cash pickup, door-to-door delivery, or via Smart Money transfers and prepaid airtime top-ups. Transfers can be quickly initiated over the phone or through SMS text messaging, and funds are typically available to Philippine recipients within 1 business day.


BMO Bank of Montreal and Phoenix Interactive have partnered to change the way customers interact on BMO’s network of 2100 “Instabank” ATMs. Integrating Phoenix’s “Commander” software solution with its ATM channel, BMO now allows bank customers to set up ‘short cuts’ to “preferred” transactions – such as: ‘My Usual Withdrawal’, ‘My Usual Transfer’, ‘My Usual Deposit’, etc., at the machine for a faster, more personalized experience. The new technology will also give the bank the ability to communicate personally-relevant information and product offers to its individual customers.


NRT Technology and Simplicit-e Gaming have formed a strategic partnership. With this, Simplicit-e will distribute NRT’s cash handling products in South Africa. Simplicit-e Gaming Solutions will also promote, sell and provide comprehensive support for NRT products. This initiative is consistent with NRT’s Global Expansion Strategy of partnering with companies with a grasp on regulatory requirements in the local casino industry. Simplicit-e already supplies products to 13 customers in 8 African Countries and has recently been awarded its National Manufacturer & Supplier Licence for the South African Gaming Industry by the Gauteng Gambling Board.


X2 Computing mobile computing solutions has made available its “X2410” and “X2415″ handheld computers for improved work flow and enhanced productivity in retail and POS apps and payment processing. The handhelds feature a 3.5” resistive touch, outdoor-viewable display with fully-integrated MSR, RFID reader and barcode scanners. The X2 handheld devices also include remote management software with rugged design for IP54 rating of liquid and dust resistance; hot-swappable batteries that support up to eight hours of use; programmable buttons; wireless networking; Bluetooth connectivity; and LED paging alert capability.


TSYS announced has signed a multi-year payment services agreement with Bank of Montreal for its consumer and commercial credit card portfolios in Canada and the US. With this, TSYS will provide account processing and other value-added services to Bank of Montreal, the largest issuer of MasterCard credit cards in Canada. Financial terms of the agreement were not disclosed. Bank of Montreal total assets of $397 billion as at July 31, 2010, and 38,000 employees, offering wealth management and investment banking products and solutions. TSYS outsourced payment services offers a range of issuer- and acquirer-processing technologies that support consumer-finance, credit, debit, healthcare, loyalty and prepaid services.