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Open Solutions Canada has more than 25 years' experience providing technological solutions, training and support to the international business and banking community.





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Giving organizations a decisive edge in banking and payments solutions.

Open Solutions Canada delivers banking solutions to the Canadian market and serves the global payments community from its main offices in Vancouver and Toronto, Canada.

Open Solutions Canada operates three distinct lines of business. Please click on the images below to see more information on these lines of business:

 

Banking Solutions

Processing & Switching Solutions

Payment Solutions

 

In addition, Open Solutions provide professional services for both payments and banking solutions and 24/7 support for both processing centres and payments software products.

Open Solutions Canada's clients range from financial institutions, including banks, credit unions and mortgage lenders, through retailers, regional and national processing centres and payment card service providers.

Banking Solutions

 

Open Solutions Canada provides the front-end channel access and the back-end technologies to keep pace with the dynamic financial services industry. We have more than 25 years' experience serving the financial services market. As the largest provider of banking system outsourcing to Canadian credit unions, we supply banking solutions for more than 70 financial institutions serving over 671,500 members, representing approximately 2.0 million accounts on our database.

Our full end-to-end banking solution includes:

  • full-function banking system run on a proven reliable infrastructure
  • variety of access channels (Internet, phone, ATM, POS)
  • switching
  • strong reporting and financial management capabilities
  • choice and flexibility in third-party connections
  • experienced client care and professional services
  • option for delivery mechanisms (ASP, in-house, facilities managed)

Please contact the Banking Solutions Group for further information about how we can help you strengthen relationships, improve productivity, reduce training and administrative costs, and optimize delivery.

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Payment Solutions
 

Open Solutions Canada specializes in state-of-the-art, scalable, cost effective payment solutions as both a supplier and user, through the following lines of business.

As part of  Open Solutions Inc. offers a fully-featured strategic product platform that integrates core data processing applications, built on a single centralized Oracle(R) relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting tools, imaging, Check 21, interactive voice response, and payment and loan origination solutions. Open Solutions' full suite of products and services allows banks, thrifts and credit unions in the United States and Canada to better compete in today's aggressive financial services marketplace, and expand and tap their trusted financial relationships, client affinity, community presence and personalized service. Currently, Open Solutions serves more than 3,600 financial institutions in the United States and Canada.Open Solutions Inc. we have been able to complement a direct market presence in many countries with specialized, highly experienced payment solution distributors.

Payment Solution products Regional & National
Processing centres

POSH

POSH is a fully functional, scalable terminal management, authorization and switching product for payment cards and payment transaction systems.

Open Solutions Canada successfully provide the largest white label ATM and POS payment switch in Canada. The company is able to replicate this processing centre in support of other regional or national payment processing centres and is willing to consider joint venture partnerships with local companies to establish regional or national processing centres anywhere in the world. 

Please contact the Payment Solutions Group for further information about how we can help you establish a regional or national processing centre.

ConCentre

ConCentre provides proven state-of-the-art monitoring of both application level and communications activity improving availability, service levels and efficiency for payment systems and other applications around the world.

Terminal Solutions

KIMS is a key injection management system for EFT terminals. KIMS provides for secure initial roll out and re-injection via a web based terminal and host key injection system.

Terminal Applications are value added applications that operate on POS terminals, including Hypercom and Verifone terminals, providing additional features, security, multi-lingual capabilities and other value added functions.

      

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Processing Solutions


Open Solutions Canada specializes in state-of-the-art, scalable, cost-effective payment solutions as both a supplier and a user through the following lines of business.

Payment System Switch Regional & National
Processing centres

POSHnet is Canada's largest white label ATM independent payments switch and processing centre. Open Solutions  Canada's POSHnet processing centre uses the POSH and ConCentre products to provide service to over 25,000 devices nationally. Supporting over 30 Canadian financial institutions through a network providing shared cash transaction processing, ATM monitoring and 7/24 support.

As a full Interac® Direct Connector, POSHnet is certified in all four elements of electronic payment processing as an acquirer and issuer for both Shared Cash Dispensing (SCD) and InteracDirect Payment® (IDP) transactions. Direct connection to the Interac network allows POSHnet to extend EFT switching services to financial institution customers, white-label ATM providers and the retail marketplace across Canada.

Open Solutions Canada successfully provide the largest white label ATM and POS payment switch in Canada. The company is able to replicate this processing centre in support of other regional or national payment processing centres and is willing to consider joint venture partnerships with local companies to establish regional or national processing centres anywhere in the world. 

Please contact the Payment Solutions Group for further information about how we can help you establish a regional or national processing centre.

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For more information about our parent company's solutions and services, click here.