Banking Software News:

PACE Credit Union Completes Threshold Certification

Toronto, Canada – November 23, 2007: Portfolio+ Inc. 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. Portfolio+ Inc. worked with us through the rigorous certification process to ensure our success,” said Mary Benincasa, VP Administration at PACE.

Portfolio+’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 Portfolio+ Inc. “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.

About PACE Credit Union

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.

About Portfolio+ Inc.

Portfolio+ Inc. connects financial institutions with customers and partners using innovative technologies. Its software solutions and open banking technology are used by financial institutions in Canada, Ireland, and the UK. With its powerful +Open Banking Platform and fully documented APIs, Portfolio+ has the power to connect banks, credit unions, and financial institutions with an evolving ecosystem of financial services technology that is putting everyday customers in control of their financial data.

Located in the Greater Toronto Area (GTA), Portfolio+ is used by 6 of the 7 largest financial institutions in Canada and is a part of Volaris Group Inc.


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