VIEWS: 4 PAGES: 2 POSTED ON: 4/25/2012
PRESS RELEASE “HARNESSING THE POWER OF CO-OPERATION” Grenada Co-operative Bank Limited (Co-op Bank), the Grenada Public Service Credit Union Limited (PSCCU), in conjunction with the Caribbean Credit Card Corporation (4C’s) have formed the CONNEX brand. From this brand both Co-op Bank and PSCCU have issued co- branded Visa International Debit Cards. Members and customers of PSCCU and Co-op Bank will be provided with safe, convenient and easy purchases and would have access to over thirty (30) million merchants worldwide. Cardholders would no longer need to carry large amounts of cash and merchants can enjoy instant processing and confirmation of transactions. When members and customers use their Connex branded Visa International Debit Card in ATMs and Connex branded Point of Sale (POS) Machines, of the Public Service Co-operative Credit Union and Grenada Co-operative Bank Limited, they automatically receive the added benefit of reduced cardholder transactions fees compared to use at other ATMs and POS Machines. The Connex® Logo would identify the ATMs and Merchants who would facilitate Left to right: Mr. Jessel Gadsby, General Manager, 4Cs; Mr. Richard W. Duncan, this unique experience. Managing Director, Co-op Bank; Mrs. Lucia Andall, General Manager, Public Service Credit Union; Mr. David Reeves, Consultant The three Indigenous Institutions, the Caribbean Credit Card Corporation, the Grenada Public Service Co-operative Credit Union and the Grenada Co-operative Bank Limited, who gave birth to the CONNEX Brand have formed the company “CONNEX (GRENADA) INC.” to facilitate Page 1 of 2 PRESS RELEASE the extension of the Connex network and hence the Connex Experience locally and within the OECS. CONNEX (GRENADA) INC. The owners and founding shareholders of the Connex Brand is committed to providing the citizens of the Eastern Caribbean the modern convenience of easy and cost effective full electronic access to their funds while traveling within the states of the OECS. In furtherance of this commitment the Company will permit any indigenous financial institution to become a participant within the Connex ATM and POS networks through sponsorship by anyone of the founding shareholders. The company is committed to the use of best practice operating standards and continued compliance with regulatory bodies at all times, at maximum effectiveness and minimum cost. It will endeavour to pursue the usage of the latest available technology infrastructure to meet the expectations of all participants within its ATM and POS networks taking into consideration the ever changing demands of the market place. Page 2 of 2
"PRESS RELEASE - Grenada Co-operative Bank Ltd"