Online Business Systems Partners with Prairie Payments Joint Venture in the next steps of payment modernization for Commercial and Small Business Members
Online Business Systems (Online) is pleased to announce its partnership with Prairie Payments Joint Venture (PPJV) to modernize Customer Automated Funds Transfer (CAFT), a core payments solution for credit unions serving business members in Alberta, Saskatchewan, and Manitoba. This collaboration reflects both organizations’ commitment to delivering secure, efficient, and innovative payment solutions for the credit union community.
The reimagined CAFT platform will provide commercial and small business credit union members with a secure experience for managing their financial operations, while enabling credit unions to streamline workflows and improve operational accessibility. Key features include advanced self-service capabilities, modern security measures, and an architecture that supports integration with credit union systems.
“Online Business Systems has demonstrated a strong track record of delivering systems and results that fulfill the needs of credit unions and their members. We are pleased to partner with Online as we work collaboratively to renew a core system for our credit unions and advance our critical mission of payment modernization in Canada,” said Allan Song, Vice-President, Strategy and Product for PPJV.
The project leverages Online’s deep expertise in secure digital transformation for financial services to create a platform that balances operational excellence, ease of use, and readiness for emerging capabilities while aligning to PPJV’s vision of modernizing payment services for credit unions in Canada.
“Online is privileged to be PPJV’s partner in delivering a modernized payment solution and contributing to its vision of empowering credit unions to meet the evolving needs of their business members,” said Colin Thrasher, Executive Director of Financial Services at Online Business Systems.
For more information, please contact Colin Thrasher at cthrasher@obsglobal.com
About Prairie Payments Joint Venture:
PPJV provides batch and API-based payments processing and services, as well as clearing and settlement. Owned by Canadian credit unions, we are committed to providing fast, flexible and secure payments. Our solutions are compatible with any core banking system and modern digital platform. Our platform provides a flexible option for any financial institution or company interested in offering modernized payments capabilities.
About Online Business Systems:
About Online Business Systems: Online Business Systems is a leading provider of innovative digital solutions and cybersecurity. Our Financial Services practice specializes in digital banking solutions, Fintech integration, and managed services as well as Digital Advisory services including strategy, M&A, system selection, and brand experience.
