Everlink Payment Services Inc. has announced that Affinity Credit Union has begun issuing customisable Interac Flash enabled debit cards in their branches by utilising the Everlink Instant Card Issuance (ICI) solution. Interac Flash is a contactless enhancement of Interac Debit that allows cardholders to make a payment by simply holding their card up to a supporting reader. ICI is a web-based, turn-key solution for the on-demand issuance of fully personalized EMV chip debit cards. It is the only solution of its kind in use at Canadian financial institutions today.
As a result of this development, Affinity’s members will be able to actively participate in the creation of their own personal payment card. This includes additional features such as the ability to select a PIN immediately after the card is produced and the option to select the card’s image/design (this feature is scheduled to be introduced later in 2013.)
“Credit Unions have traditionally differentiated themselves by providing a more personal experience for their members,” says Mark Ripplinger, President of Everlink. “The Everlink ICI solution takes this one step further and allows members to directly and instantly create a payment card that is unique to their personal identity. This ensures that Affinity Credit Union’s card remains top-of-mind and top-of-wallet.”
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.