The Bevertec Group to Implement Shared Financial Delivery Services for St. Lucia Credit Unions

News Americas, TORONTO, Feb. 06, 2019: Bevertec CST Inc., a leading provider of retail financial services technology and services in the Caribbean and worldwide, is pleased to announce that the company has reached an agreement with Capita Financial Services Inc. (Barbados) to implement an Automated Teller Machine network and related technology to serve the credit unions of St. Lucia.

The ATM driving, transaction switching and debit card issuing solution will be run from Bevertec’s processing centre in Antigua. All credit union ATMs in St. Lucia will be shared among the subscribing institutions forming a de-facto national network for credit unions. Bevertec’s Client Services Workstation will be available to all ATM-owner institutions enabling local, real-time, ATM monitoring and report retrieval over and above centralized monitoring and support delivered from Bevertec’s operations centre.

Bevertec’s President, Mr. Barry Walsh, commented, “We are very proud to be an integral participant in the digital transformation of St. Lucia’s Credit Unions. This project provides Bevertec with an opportunity to further demonstrate our commitment to the financial services industry in the region. We are looking forward to working with Capita and the Credit Unions of St. Lucia in building a showcase of innovation and service delivery.”

Mr. Paul Maxwell, President & CEO of Capita Financial Services Inc. said, “This partnership is transformative, both for the credit unions who can now offer their members a more complete range of services and for individual members who would now be able to perform ordinary day-to-day transactions in a way that was not before possible.”

About Bevertec Group

Since 1981, the Bevertec Group, a Canadian enterprise, has been supplying technology and services to various industry sectors. The Group has over 100 customers in the financial services sector spread across five continents but focuses primarily in the Caribbean, Central and South American markets. The Group also provides consulting services, staffing solutions and subject matter expertise to assist institutions at all business levels including development/project work, project management and strategic direction and planning.

About Capita Financial Services Inc.

Capita Financial Services Inc., a Barbados company, is a one-stop financial services company. Capita provides residential and commercial mortgages, land loans, vehicle loans, premium finance loans, leases, general insurance, term deposits, mutual funds and stock brokerage services. The company serves private individuals, insurance companies, credit unions, government statutory corporations, pension funds, and institutional investors.

About St. Lucia Co-operative League Limited

The St. Lucia Co-operative League Limited is the umbrella body for Co-operatives in St. Lucia. At the local level they function as the link between government and the individual Credit Unions. Key responsibilities include fostering the growth and welfare of Credit Unions both by direct effort and co-operation with other agencies having similar objectives and providing information and guidance to co-operative leaders and personnel so that the societies they serve will offer the best possible service to members and to make such opportunity equitable.