Toronto, Ontario, February
2004 — (BUSINESS
WIRE)— EFT Canada Inc., is proud to announce the launch of
its real time electronic transaction processing platform. This new
fast and reliable solution enables small to medium sized business
owners the ability to manage and maintain their operations more
effectively, while exploiting the many business and cash management
“After years of cash management experience, analyzing our
typical clients business and listening to their needs, EFT Canada
has been able to use our technological expertise to produce a processing
platform that allows our clients greater controls over their transaction,
banking, and reporting requirements”, commented Jonathan Pasternak,
President. “Our processing solution will be an asset to any
business owner, in any product or industry field.”
EFT Canada’s software application allows for the electronic
collection or payment of a transaction within Canada. The software
is a real-time business and transaction management system that can
help client - customer relationships by providing real-time electronic
processing and reporting.
The separate but cohesive platform modules make version one so
successful. Clients are able to enter one-time or recurring entries
into the database for immediate or future processing, while the
banking module enables account balance verification tools for greater
banking efficiency. Results are posted in real time, and clients,
depending on their needs, have a variety of reports to choose from.
Finally, EFT Canada has tied in a Customer Service Module that allows
clients to keep track of customer addresses, comments, calls, and
any other pertinent information.
Commenting on the new platform, Randy Waxman, Executive Vice President
of EFT Canada said, "We are delighted to be able to lend our
technological expertise and enable our clients a more robust service
to manage their business.”
About EFT Canada Inc.
EFT Canada Inc., headquartered in Toronto, Ontario, offers a complete
solution to the electronic collection and payment processing needs
of 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,
by drawing on its operational and applications expertise.
More information can be found on the corporate web site at www.eftcanada.com.
Certain statements in this news release are not historical and may
constitute forward-looking statements reflecting EFT Canada Inc.'s
current expectations in the banking and payment solutions businesses.
Investors are cautioned that all forward-looking statements involve
risks and uncertainties, including, without limitation, changes
in market and competition, technological and competitive developments,
cooperation and performance of strategic partners, and potential
downturns in economic conditions generally. Forward-looking statements
are based on management's estimates, beliefs and opinions on the
date the statements are made. EFT Canada assumes no obligation to
update forward-looking statements if circumstances of management's
estimates, beliefs or opinions should change.