Toronto, Ontario – November 6, 2008: Strategic Information Technology Limited (“SIT”) is pleased that the Financial Post has commended Canadian Tire Financial Services’ strategy to attract roughly $500-million in customer-deposited GIC accounts.
"We’re happy when any one of our business partners is recognized for their achievement,” said G. Robert Leeming, President of SIT, “but are especially glad when the term deposit capability of Portfolio Plus plays such an important role in enhancing their performance. We want to congratulate Canadian Tire Financial Services for their ongoing success.”
Portfolio Plus enables banks, trust companies, virtual banks, credit unions, and other financial organizations to implement their own flavour of banking to capture the best possible market advantage. Portfolio Plus, with its Plug-In BankingTM architecture, enables financial organizations to add functionality as they require it, making it one of the most versatile solutions in the market.
Canadian Tire Financial Services began in 1961 as a small financial service company offering third-party credit processing for local retailers. Over the next two decades Canadian Tire Financial Services provided support in the form of credit-processing facilities for the expanding, nation-wide network of Canadian Tire stores.
In 1995, Canadian Tire Financial Services became the first non-deposit taking, financial institution worldwide to launch a MasterCardTM called the Options MasterCardTM.
In 2003, Canadian Tire Bank was established. A wholly owned subsidiary of Canadian Tire Financial Services, Canadian Tire Bank operates under federally regulated guidelines.
SIT, formed in 1988, develops and markets Portfolio Plus, an extensible banking system that enables customers to plug-in new functionality as required. This is accomplished via SIT's unique Plug-In BankingTM architecture and a Financial Services BusTM that extends Portfolio Plus functionality to other corporate applications. SIT's banking software enables credit unions, banks, trust companies and building societies to offer web banking, loans, loan securitization, investments, term deposits, wealth management, retail, ATM/POS switch interfaces for debit cards, leasing, and credit bureau interfaces. Portfolio Plus can also be tailored, on request, to meet specific customer requirements.
SIT can be reached at (http://www.stratinfotech.com) or by phone at 905-640-0808.
Portfolio Plus, Plug-In Banking and Financial Services Bus are trademarks or registered trademarks of SIT in the U.S., Canada and other countries. Any other trademarks or service marks contained herein are the property of their respective owners.
For more information:
Strategic Information Technology
Telephone: 905-640-0808 x356
Questions? Call us.
This page was created and/or refreshed on March 28, 2017 @ 10:53:46
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
The page subject is: Canadian Tire Term Deposit Success