CGI (TSX: GIB.A) (NYSE: GIB) is pleased to announce that the Canadian Payments Association (CPA), a client for 22 years, has renewed its IT infrastructure services contract for five years, with a two-year extension option. Under the new agreement, CGI will continue to deliver comprehensive infrastructure services to CPA, with a specific focus on providing robust infrastructure services to support CPA’s mission critical applications.
The CPA underpins the Canadian financial system and economy by providing safe, efficient and effective clearing and settlement of payments. For more than two decades, CGI has maintained and evolved the CPA’s IT infrastructure, which supports applications that manage more than $170 billion a day in payment transactions.
“The Canadian Payments Association is focused on modernizing Canada’s core payments infrastructure to meet the needs of Financial Institutions and other payment system users in a rapidly changing environment,” said CPA President and CEO Gerry Gaetz. “Through CGI’s disciplined approach to infrastructure management, we benefit from high quality and flexible services which allows us to focus on strategic payment initiatives knowing our day-to-day operations continue to meet our standards of excellence.”
“The payment services provided by CPA are critical to the Canadian economy, enabling Canadians and their financial institutions to conduct business in a seamless manner,” noted Michael Godin, senior vice president of CGI’s National Capital Region business unit in Canada. “We are proud of our long-term relationship with the CPA and grateful for the opportunity to continue to evolve its IT infrastructure and contribute to the advancement of its mission and future vision.”