Shinhan Bank Canada Selects Everlink Payment Services To Support Continued Growth Efforts

22 September 2008

Everlink, a leading provider of electronic payments services in the Canadian marketplace, has announced that Shinhan Bank Canada, a wholly owned subsidiary of Shinhan Financial Group Co. Ltd., has entered into an agreement with Everlink for issuing and acquiring services. Headquartered in Korea with locations throughout nine countries, Shinhan Bank is extending its reach into Canada with a primary focus on serving the country’s growing Korean population.

Everlink will be providing Shinhan Bank Canada with gateway transaction switching, ATM driving, device monitoring and card processing services. The bank has been approved for operations in Canada by the Office of the Superintendent of Financial Institutions and is establishing its head office in Toronto. The bank is also planning to operate ATMs at each branch and expand throughout Toronto and Vancouver with the opening of several branches.

“Our global vision is to become a premier global bank that customers can be proud of,” said Yong Kil Kim, president and CEO, Shinhan Bank Canada. “Everlink’s low-risk, high-value offerings, coupled with the company’s financial services expertise and experience, will support our vision as we continue to expand throughout Canada.”

“Our proven solutions offer the accessibility of around -the-clock customer support, the stability and performance of a fully operational infrastructure and the flexibility of pricing which is not volume sensitive,” said Mark Ripplinger, president of Everlink. “Everlink will provide the technology and infrastructure that will help support Shinhan Bank Canada to meet and exceed its growth potential.”

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