Pay Linx Financial, a provider of payment processing services, has signed an agreement with Royal Bank of Canada to provide prepaid debit card services through an electronic benefit payment card.
The Royal Bank of Canada (RBC) QuickLinx prepaid benefit card is designed for government agencies as an alternative to issuing paper cheques.
Pay Linx has been working with RBC to develop and deliver a benefit payment card and related services. As RBC implements a prepaid platform for consumers, Pay Linx has been enlisted to provide back-end services, processing and customer support for RBC’s QuickLinx cardholders.
Similar to a debit card, the QuickLinx card gives cardholders convenient access to their benefit payments by being able to withdraw cash at ATMs and make purchases at most stores in Canada using the point of sale terminals displaying the Interac symbol.
Ian McNeill, president of Pay Linx, said: The success we recorded in a pilot project that has been operating since March 2006 with the Alberta Employment, Immigration and Industry enabled us to secure this agreement with RBC.