June 14, 2010
Scotiabank joins ABM acquiring service providing access to the INTERAC ABMs
TORONTO, June 14--Acxsys Corporation, whose shareholders are the architects of the INTERAC network , Canada's national debit network, today announced the addition of Scotiabank ABMs to its International Card ABM Acquiring Service. The service provides China Unionpay, Diners Club International, Discover and PULSE cardholders the ability to withdraw money from ABMs of participating Acquirers in Canada.
"We are committed to serving the needs of our clients by bringing them innovative services to support and grow their businesses," said Mark O'Connell, President and CEO, Acxsys Corporation (Acxsys). "We're extremely pleased that Scotiabank is joining our service and expanding access to their ABMs to additional cardholders travelling in Canada."
Last year, Acxsys established agreements with China Unionpay and PULSE, in an effort to build international use of the payment network through relationships with other networks. Similar to the existing Acxsys Cross Border Debit service, which allows cardholders carrying cards that access the INTERAC network to shop at U.S. retailers, the connection between Acxsys and the partnering network eliminates network setup and ongoing costs for Canadian Acquirers. PULSE is one of the largest ATM/debit networks in the United States and is part of Discover Financial Services. China Unionpay has approximately 300 associate members, 2.1 billion China Unionpay cards, and acceptance in 90 other countries and regions.
"As Canada's most international bank, Scotiabank understands the importance of offering convenient banking solutions," said Anatol von Hahn, Executive Vice President, Personal & Commercial Banking, Canada, Scotiabank. "We are proud to be participating in the International Card ABM Acquiring Service as this innovative offering will provide China Unionpay, Diners Club International, Discover and PULSE cardholders with easy access to their money when visiting Canada."
Acxsys Corporation, comprised of eight large financial institutions as shareholders, is headquartered in Toronto, Ontario. The Corporation's shareholders are the architects of the INTERAC network, Canada's national debit network. Acxsys specializes in the development and operation of new payment service opportunities, as well as consulting and management services in the field of electronic payments. Acxsys Corporation businesses include the operation of the INTERAC Email Money Transfer service, the INTERAC Online service, and Cross Border Debit.
Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With close to 68,000 employees, Scotiabank Group and its affiliates serve approximately 14.6 million customers in some 50 countries around the world. Scotiabank offers a diverse range of products and services including personal, commercial, corporate and investment banking.