Daily Observer (Jamaica)

Credit union’s first prepaid Mastercard

C&WJCCUL pushes ahead of the pack

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THE credit union movement’s first prepaid Mastercard has been introduced to Jamaica by Community & Workers of Jamaica Co-operative Credit Union Limited (C&WJCCUL) in partnershi­p with Alliance Financial Services Limited, principal member of the Mastercard network.

It is the C&WJCCUL/ epay prepaid Mastercard which offers members of C&WJCCUL a safe and hassle-free way to shop online, pay bills at points of sale, and withdraw funds from any Multilink ATM machine.

“C&WJCCUL is the first of the 25 credit unions in Jamaica to roll out a Mastercard. This follows many firsts that the credit union has already introduced to its members such as Internet banking, a mobile app, as well as online membership and loan applicatio­n features,” said Carlton Barclay, CEO of C&WJCCUL.

According to Condell Stephenson, president of C&WJCCUL: “Our members had been asking for solutions that would allow them to shop online and to have a hassle-free way of conducting business, so we were challenged to find ways for our members to keep pace with the changes taking place in the financial sector. Now with just a tap, touch, swipe or click, members can withdraw funds from their C&WJCCUL savings account, or purchase goods and services at retail stores or online – anywhere in the world.”

While the C&WJCCUL/ epay Mastercard has features of a debit card, it provides an added layer of protection against fraudsters through the cutting edge EMV chip technology. Each transactio­n is unique so it is nearly impossible to replicate personal informatio­n. There is no annual charge and the usage-based fees are comparably low.

“As more persons world- wide look to e-commerce to provide the convenienc­e of online transactio­ns and payments, we at C&WJCCUL are proud to be leading the way towards simplifyin­g such a banking experience,” Barclay said.

In this vein epay, which is providing the digital platform for the new C&WJCCUL/ epay Prepaid Mastercard, promises to bring ease, efficiency and convenienc­e to the payment transactio­ns, said Lennox Robinson, CEO of epayment Group Limited.

According to Peter Chin, president of Alliance Financial Services Limited, his organisati­on is proud to partner with C&WJCCUL to bring this new product to the credit union space, as it will allow members to enjoy the benefits of a world-class product in collaborat­ion with Mastercard, a highly respected internatio­nal brand.

“We look forward to opening a new window of opportunit­y for our members and prospectiv­e members, who we welcome to join us so they can be a part of this new and exciting journey in the world of cutting edge technology. I invite you to join the C&WJCCUL by visiting www. cwjcu.com or any of our 21 branches across the island and get your Mastercard today,” said Barclay.

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 ??  ?? Carlton Barcley (seated left), CEO of C&WJCCUL and Peter Chin, president, Alliance Financial Services Limited, symbolical­ly sign a partnershi­p agreement, witnessed by Condell Stephenson (background left), president of C&WJCCUL and Lennox Robinson, CEO, epayment Group Limited. The symbolic signing took place in the board room of C&WJCCUL, Half-way-tree Road on Thursday, July 2.
Carlton Barcley (seated left), CEO of C&WJCCUL and Peter Chin, president, Alliance Financial Services Limited, symbolical­ly sign a partnershi­p agreement, witnessed by Condell Stephenson (background left), president of C&WJCCUL and Lennox Robinson, CEO, epayment Group Limited. The symbolic signing took place in the board room of C&WJCCUL, Half-way-tree Road on Thursday, July 2.

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