January 28, 2013

Sunova Credit Union first Credit Union to offer Interac Flash

TORONTO--Interac Association announced today that Manitoba's Sunova Credit Union is now issuing Interac Flash enabled debit cards to their members, making Sunova the first credit union nationwide to offer Canada's first and only contactless debit payment solution.

With Interac Flash, debit users can make small value purchases faster than ever before. Instead of inserting their chip card and entering their PIN, cardholders can hold their Interac chip debit card in front of a supporting point-of-sale reader to make quick and secure contactless transactions. By spending less time processing payments, particularly cash, merchants can help improve throughput at the point-of-sale, as well as the overall customer checkout experience.

"The Canadian credit union system continuously strives to provide their members with innovative, high value payment solutions that best meet their financial needs," said Mark O'Connell, president and CEO, Interac Association and Acxsys Corporation. "We're delighted Sunova Credit Union sees the value of contactless debit and we're proud to announce them as the first credit union in Canada to offer Interac Flash to their members."

Sunova Credit Union is a full-service financial institution with 11 branches and nearly 28,000 members throughout Manitoba.

"Offering leading edge technology is extremely important to Sunova," said Dallas  Kostna, vice president and CIO of Sunova Credit Union. "By being the first credit union in Canada  to offer Interac Flash enabled debit cards, our members can take advantage of this innovative technology to make quick and secure contactless  Interac  Debit transactions using funds withdrawn from their own accounts."

Starting today, Sunova members will be able to receive their fully personalized Interac Flash debit card upon request. In-branch card issuance will be managed by Everlink Payment Services Inc.

"A growing number of Canadian retailers are accepting Interac Flash contactless debit payment technology and it's fitting that a Canadian credit union sees the value in offering this technology to its members," added David Phillips, president and CEO, Credit Union Central of Canada.






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