News

Alterna Savings reups with Threshold Financial Technologies

March 28, 2013

Alterna Savings and Threshold Financial Technologies Inc. have announced a new contract for payment processing services from Threshold. In addition to transaction processing, Threshold manages Alterna's fleet of 79 ATMs, and provides the FI's debit card provisioning and management.

Alterna Savings is a community-based credit union that operates in the National Capital Region and the Greater Toronto Area. The FI offers a broad range of financial products and services to more than 100,000 members.

Threshold is a full-service provider of payments processing and ATM managed services to financial institutions and corporate retail clients.

"I appreciate the effort and assistance Threshold has provided over the last 10 years, as well as the investment in new products, services, and disaster recovery initiatives," said Ryan Lecuyer, director of banking operations at Alterna Savings. "The ongoing commitment to our business, combined with the stability and reliability of their operating platforms and their commitment to achieving PCI-DSS Version 2.0 certification, were deciding factors in choosing to extend our relationship."

"Alterna was one of the earlier financial institutions to select Threshold and they have been a valued partner," said Jeff Nesbitt, vice president of financial solutions at Threshold. "We have developed a strong partnership over the years and we appreciate their trust."

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