Payment Source, one of Canada’s leading financial services companies, announced today that it has joined the Canadian Prepaid Providers Organization (CPPO), a not-for-profit organization and the collective voice of the open-loop prepaid payments industry in Canada.
The Canadian Prepaid Providers Organization, founded in 2015, was formed to create a positive environment in which prepaid payments can responsibly grow and flourish in Canada. Open-loop prepaid products are a valuable and flexible financial tool offering benefits to consumers, businesses and governments. The CPPO supports an effective regulatory environment that encourages innovation, and access to popular open-loop prepaid features while protecting consumers.
“We are very pleased to have been invited to join the CPPO” says Trevor Cook, CEO of Payment Source. “We have been a market innovator since 2010 when we launched our first open-loop reloadable card program at post offices coast-to-coast. And we’ve supported the industry by creating a national reload network through our Loadhub service. The work of the CPPO is critical to the growth of this important financial service and we’re very happy to offer our support and commitment.”
“Payment Source is a great fit with the CPPO and I’m very happy to welcome them.” said David Eason, CPPO co-founder and chairman of the board. “They have deep experience and operate some of the leading card programs in Canada. Most importantly, it’s clear that their interests are directly aligned with the mission of the CPPO.“
Learn more about the CPPO at http://www.cppo.ca.
About Payment Source:
Payment Source provides alternative payment solutions to organizations of all sizes and has the solution for every retail environment including; POS terminals, PC applications, mobile apps and integrated solutions. Now Prepay, by Payment Source, provides prepaid mobile top ups, gift cards and financial products and services to more than 15,000 retailers across Canada. Through the proprietary Loadhub® network, Payment Source provides secure, real-time in-person payments capability in every community across Canada. Loadhub is the best possible solution for customers of reloadable card programs, mobile wallets, and anyone else looking to load funds to an account or take one-time payments or collections. Learn more about Payment Source at www.paymentsource.ca.
Press Contact:
Allison Cutler
Director, Marketing & Communications
Payment Source
416.255.8897