Payments tech firm FSS (Financial Software and Systems) is helping Everlink Payment Services Inc., a payments solutions working with Canadian credit unions, banks, and SMEs, modernize its card operations to support its future growth plans.
According to a release, the FSS solution was chosen as the replacement for Everlink’s legacy card issuance infrastructure. The deployment is scheduled to go live in the 4th quarter of this year.
As part of the deal, FSS will replace the existing card issuance system with an API-based card management framework designed to simplify operations, reduce cost while mitigating obsolescence risk.
FSS founder, Chairman and Managing Director, Nagaraj V Mylandla, commented on the deal:
“Everlink and FSS share a common vision to deliver convenient, flexible, simple payment experiences to customers. We are delighted to collaborate on this digital transformation journey helping to bring more choice and innovative services to the market. The Canadian market relies heavily on card spending and is digitizing rapidly. It is a market where FSS is deeply committed to work with partners such as Everlink to help revolutionize customer digital experiences.”
Mark Ripplinger, President and CEO, of Everlink, explained that consumers in Canada are rapidly adopting newer payment products, such as contactless cards and Everlink needs a flexible solution, capable of modernizing their system.