COTI Debit Card Program Update: Nuvei to Terminate Co-branded Debit Cards

In a recent announcement, Nuvei, the company that acquired Simplex, has made a significant update regarding the COTI Debit Card program. Effective from August 5, 2023, Nuvei will be terminating Co-branded Debit card programs, leading to the deactivation of all COTI Debit Cards. COTI, however, is actively exploring alternative options to ensure a seamless experience for its users. In this article, we will delve into the details of this update and provide guidance for COTI Debit Card holders on the necessary steps to take.

Nuvei's Decision:

Nuvei's decision to terminate the COTI Co-branded Debit card programs marks a significant development in the payment landscape. This decision will come into effect on August 5, 2023, after which all COTI Debit Cards will be deactivated. While this news may bring some inconvenience to the COTI community, it is essential to understand the reasons behind this decision and the steps being taken to mitigate any negative impact.

Moving Forward:

Despite the termination of the current Co-branded Debit card programs, COTI is actively exploring alternative options to ensure a seamless transition for its users. It is important for COTI Debit Card holders to be aware of this update and take appropriate actions before the deactivation date to avoid any potential disruption to their financial activities.

Take Action:

To minimize any inconvenience caused by the deactivation of COTI Debit Cards, COTI encourages all users with a COTI Debit Card to transfer their funds prior to August 5, 2023. By doing so, users can ensure the safety and accessibility of their funds during the transition period. COTI will provide further updates on alternative options as they become available, enabling users to make informed decisions regarding their financial activities.

Regret and Support:

COTI acknowledges the inconvenience this update may cause to the COTI community and expresses regret for any disruption in services. As a customer-centric platform, COTI is committed to supporting its users throughout this process and ensuring a smooth transition to alternative options. COTI remains dedicated to its mission of providing innovative payment solutions and looks forward to unveiling new opportunities for its users in the near future.

Conclusion:

The termination of the Co-branded Debit card programs by Nuvei, including COTI Debit Cards, brings about significant changes for COTI users. While this update may cause temporary inconvenience, COTI is actively exploring alternative options and urges its users to transfer their funds before August 5, 2023, to avoid any disruption. By keeping users informed and supported throughout this transition, COTI aims to continue its commitment to delivering innovative and reliable payment solutions.