Toronto, Canada – November 23, 2007: Strategic Information Technology Limited ("SIT") is pleased to announce that PACE Credit Union (“PACE”), located in Vaughan, Ontario, Canada, has completed the Threshold certification process and is now operational using the Threshold ISO interface.
“We were notified in August that we had to change switch providers. This didn’t give us much time. SIT worked with us through the rigorous certification process to ensure our success,” said Mary Benincasa, VP Administration at PACE.
SIT’s flagship product, Portfolio Plus, offers a complete core banking solution with ISO interfaces to both Threshold and Everlink switches.
"In today’s financial market you have to be able to react quickly. The management team at PACE were notified that they had to change switch providers and we helped them do that in short order”, said G. Robert Leeming, President of SIT. “This is a case where we get to demonstrate the benefits of a well architected banking system in addition to our great relationship with PACE.”
The Portfolio Plus core banking system is used by banks, virtual banks, credit unions, trust companies, loan companies, insurance companies, and government agencies.
Established in 1938, PACE Savings & Credit Union Ltd. is a leading financial institution and one of Ontario's largest credit unions with over $360 million in assets and close to 26,000 members. Offering a full range of financial products, aggressive power rates and a dedication to personalized service, PACE provides a superior banking experience to individuals, businesses and non-profit organizations in the communities it serves.
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 banks and non-banks to offer web banking, loans, loan securitization, investments, term deposits, wealth management, retail, ATM/POS switch interfaces for debit/credit or loyalty products, leasing, Equifax and Trans Union credit bureau interfaces, registered investment products, and much more. Portfolio Plus can also be tailored, on request, to meet specific customer requirements.
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
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This page was created or refreshed on July 04, 2017 @ 08:31:37
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
You're here to learn about: Threshold Interface Certification PACE