Open Solutions Canada to Provide ABM Transaction Processing Services to Diners Club®, Discover and PULSE Cardholders
TORONTO--(BUSINESS WIRE)--Open Solutions Canada, the Canadian subsidiary of Open Solutions Inc.®, has signed an agreement with Acxsys Corporation, to provide ABM transaction processing services to Diners Club International®, Discover and PULSE cardholders in Canada.
Through this agreement, Open Solutions Canada, the acquirer, operates ABMs, accepts the designated cards, and processes the transactions on its POSHnet® network through theInterac® network. POSHnet is one of Canada's largest white label ABM and POS payments switches and processing centres, which provides service to more than 35,000 white label ABM and debit/credit and value-added payment terminals in merchant locations across Canada.
PULSE is one of the largest ATM/debit networks in the United States. In addition, PULSE processes ABM transactions for Diners Club, Discover and PULSE cardholders traveling in Canada. Diners Club cards received Canadian ABM acceptance in July; ABM acceptance for Discover and PULSE cards on the Interac network began in October.
This relationship enables Diners Club, Discover and PULSE cardholders to withdraw money from ABMs on the Interac network while in Canada.
About Open Solutions Canada
Open Solutions Canada designs, builds, integrates and operates advanced banking and payment technologies for processing centres, financial institutions, retailers, independent sales organizations (ISOs) and third-party organizations worldwide. Open Solutions Canada’s Payment Solutions Group supports and markets state-of-the-art, industry-standard payment transaction processing solutions internationally. The Payment Solutions Group operates one of the largest white label ATM and POS payment switches in Canada.
About Open Solutions Inc.
Open Solutions Inc. offers a fully-featured strategic information management product platform that integrates core processing applications built on a single centralized Oracle relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting and management tools, profitability tools, wealth management, imaging, digital documents, interactive voice response, technology services, HSAs, payments and loan origination solutions. Open Solutions’ full suite of products and services allows banks, thrifts, credit unions and financial services providers in the United States, Canada and internationally to better compete in today’s aggressive financial services marketplace, and expand and tap their trusted financial relationships, client affinity, community presence and personalized service.
Open Solutions Inc. is a registered trademark of Open Solutions Inc. All other company and product names may be trademarks of their respective owners. Copyright 2010 Open Solutions Inc. All rights reserved.
About PULSE
PULSE, a Discover Financial Services (NYSE: DFS) company, is a leading ATM/debit network, serving more than 4,500 banks, credit unions and savings institutions across the United States. The network links cardholders with ATMs and POS terminals at retail locations nationwide. Through its growing global ATM network, PULSE provides international cash access for Diners Club and Discover cardholders with more than 650,000 ATMs in nearly 60 countries, including more than 289,000 ATMs in the U.S. The company is also a respected source of electronic payments research and is committed to providing its participants with education on emerging products, services and trends in the payments industry. For more information, visit www.pulsenetwork.com.
Editor’s Note: The correct usage of the company name, Open Solutions Inc., is either referring to it as Open Solutions Inc. or Open Solutions. Open Solutions no longer uses the acronym of OSI to refer to the company.
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