Toronto, ON (Nov 13, 2006) – Secure
EFT, a partnership made up of Secure Payment Systems of San Diego
CA and EFT Canada Inc (TSX-V: EFT), a publicly traded company based
in Toronto Ontario, announced today that Collective Point of Sale
Solutions Ltd. (CollectivePOS), an independent Canadian provider
of payment processing services and secure point of sale solutions
across Canada, will deliver Secure EFT’s industry-leading
gift and loyalty card program to its expanding base of Canadian
merchants. Through this agreement, CollectivePOS will utilize
Secure EFT’s innovative technology platforms to provide merchants
with a comprehensive, easy-to-use, and affordable generic or custom
card program that increases customer visits, enhances revenue and
enables small to medium sized merchants to compete with the larger
“We are pleased to formalize our relationship with Secure
Payment Systems and EFT Canada,” said Michael Back, President
of CollectivePOS. “This opportunity enables CollectivePOS
to offer a complete spectrum of gift, loyalty and payment solutions
by adding services that complement our traditional area of strength.
In becoming a Secure Payment Systems and EFT Canada partner,
CollectivePOS is well-positioned for continuing unparalleled
Lin Fellerman, President of SPS stated, "We are pleased
to have CollectivePOS take advantage of what is already a substantial
U.S. processing portfolio. The SPS gift and loyalty product line
works well for EFT Canada sales agent and clients given it’s
a fully secure payment solution that is still in its infancy
stage in Canada." Fellerman added, "CollectivePOS’s
management philosophy fits nicely with EFT Canada’s market
presence and proposed product offering."
“EFT Canada is pleased to welcome CollectivePOS into our
growing family of independent sales organizations. We look forward
to a long-term, rewarding relationship through providing the best
quality processing and value added services for CollectivePOS and
their valued customers,” said Randy Waxman, Chief Operating
Officer of EFT Canada.
About EFT Canada
Founded in 2003, EFT Canada Inc. is a financial processing company that offers
a complete solution to the collection and payment processing needs of small
and medium sized business merchants, banks, credit unions, and other financial
firms in Canada and the United States. The Company develops, maintains and
delivers innovative electronic transaction processing technologies, such as
customized electronic payment and collection processing solutions and gift
and loyalty card services, by drawing on its operational and applications expertise. For
more information, please visit www.eftcanada.com.
About Secure Payment Systems, Inc.
Secure Payment Systems, Inc. (SPS) (www.securepaymentsystems.com)
was founded in 1996 by Linden (Lin) Fellerman, former 20 year
employee and 10 year President of the Telecredit / Equifax
Check Services subsidiaries. With over 25 years of entrepreneurial
achievement in transaction processing and risk management systems,
Lin fosters a hands-on management philosophy resulting in what
may arguably be the lowest merchant attrition rate in the industry.
He attributes this success, and a substantial annual growth
rate, to unprecedented customer service levels that begin and
end with a philosophy that empowers sales agents and employees
while rewarding and encouraging unusual attention to detail. www.securepaymentsystems.com
Established in 2001, Collective Point of Sale Solutions (CollectivePOS) is a
leading Canadian provider of payment processing services and secure point-of-sale
solutions. The company services more than 8,000 independent and small-chain
merchants and processes more than one billion dollars annually. CollectivePOS
is based in Toronto, Canada.
This press release contains forward-looking statements which
reflect the Company's current expectations regarding future events.
The forward-looking statements involve risks and uncertainties.
Actual results could differ significantly from those projected
herein. he TSX Venture Exchange has not reviewed and does not
accept responsibility for adequacy or accuracy of the content
of the information contained herein
For further information:
President - EFT Canada Inc.
info (at) eftcanada.com
CEO / President - Secure Payment Systems
(858) 549-9001 x302
lfellerman (at) securepaymentsystems.com