News out - Card roll out going smooth. Selectcore provides Toronto benefits card
Ticker Symbol: C:SCG
Selectcore provides Toronto benefits card
Selectcore Ltd (C:SCG)
Shares Issued 124,020,365
Last Close 8/7/2012
.16
Wednesday August 08 2012 - News Release
Mr. Keith McKenzie reports
SELECTCORE REPORTS SUCCESSFUL LAUNCH OF CITY OF TORONTO CITY SERVICES BENEFITS CARD
Selectcore Ltd. has successfully launched the City of Toronto's City Services Benefits Card program.
On July 18th, Selectcore announced that it was awarded a long-term contract from the City of Toronto to supply prepaid card programs. The first phase of the contract has been launched with Toronto Employment and Social Services (TESS) for the delivery of Social Assistance Financial Benefits to Ontario Works clients.
Just three weeks into implementation at five of its sites, Toronto is already experiencing an increased demand for the City Services Benefit Card. As more clients are issued the card and become familiar with its use, and caseworkers have the opportunity to discuss its benefits, more clients are eager to move away from cheques and onto the card.
Both Toronto clients and staff are transitioning smoothly to the new payment method referring to it as "modern" and "user-friendly". Toronto staff have easily adapted to the new technology and are already seeing the benefits of this streamlined payment method.
With a successful first stage of implementation, Toronto is now expediting the rollout of the City Services Benefit Card to include all of its 15 Toronto Employment and Social Services locations by mid August.
The City Services Benefit Card is the first prepaid card program of its kind to be launched in North America. Selectcore's payment solution enables Toronto residents to instantly receive their Ontario Works benefits through an EMV chip and PIN prepaid MasterCardAtrademark card that offers ATM access and can be used anywhere MasterCardAtrademark is accepted at over 29.4 million locations worldwide.
"We are very pleased with the successful launch of the City Services Benefit Card," said Keith McKenzie, CEO of Selectcore. "The roll-out to a full implementation across all of the TESS offices will prove the validity of the program for other government agencies looking to replace cheques with prepaid cards".