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Dec. 21 - CPNI Inc. (CPNI) and eCommLink, a leading value-added prepaid debit processor, have announced they will be partnering to offer CPNI’s mobile solutions to the prepaid debit card industry. In the first step of a broader strategic relationship, the companies will jointly market to eCommLink’s existing program manager and financial institution customers, mobilizing card programs already in place.
CPNI’s Phone Authorized Transfer (PAT) mobile commerce technology will allow eCommLink clients to offer their cardholders the ability to manage their cards, check balances, view transaction histories and execute card to card person-to-person transfers.
With a single integration, the partnership with eCommLink provides CPNI access to a large number of prepaid card schemes as customers. eCommLink will be able to easily add mobile functionality to its systems currently in the market.
CPNI distinguishes itself from other mobile commerce providers by offering a secure, global, multichannel, bank-centric solution set. CPNI provides the infrastructure for individuals to initiate payments to unbanked recipients, users not yet registered for the service and people belonging to a bank that does not yet offer the service, increasing the number of potential customers for financial institutions.
“Our partnership with CPNI builds on our commitment to provide our customers with the most powerful, innovative tools in the marketplace,” stated Victor Newsom, Chief Operating Officer at eCommLink. “We can very simply add robust mobile banking and payment features to our current programs and offer a strong differential to attract new partners.”
“eCommLink is the ideal partner for us in this space. Their prepaid platform is the foundation for a multitude of prepaid card solutions for industry leading companies around the world,” said Patrick Bird, President and CEO of CPNI. “Mobile is the most convenient way for people to manage their prepaid card accounts and the majority of prepaid card users are unbanked. There will be opportunities for all parties involved.”
About eCommLink Inc.
eCommLink Inc. (www.ecommlink.com) enables program managers and financial institutions to maximize revenue from their prepaid debit programs. The Company’s flexible prepaid processing platform, innovative features and industry experience allows clients to create customized prepaid programs for their specific markets while ensuring quality, security and time to market. eCommLink supports the full array of prepaid debit programs, including general spend, payroll, teen, gift, travel, government and loyalty cards.
About CPNI
CPNI Inc. (CPNI) is a private software development company headquartered in Toronto, Canada, with offices in Boston, MA. For Financial Institutions seeking mobile financial solutions, CPNI provides Phone Authorized Transfer (PAT), a global, bank-branded, account-centric solution for remote payments and banking services. PAT allows people to transfer funds via PATsend™, make purchases via PATbuy™ and access banking services via PATbank™. Financial Institutions are able to leverage their existing accounts, security processes and settlement channels while retaining the ability to innovate, differentiate and compete. For more information, visit the company’s web site at www.cpni-inc.com.