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EFT

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Share Name Share Symbol Market Type
TSXV:EFT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

EFT Canada Launches Canadian Credit Card Transaction Services

13/11/2013 4:02pm

Marketwired Canada


EFT Canada Inc. ("EFT") (TSX VENTURE:EFT), a leading technology provider of
electronic funds transfer services, today announced that it has launched its
credit card transaction processing and risk management services to Canadian
business owners. A report of 2011 Canadian payment data showed that electronic
funds transfer (EFT) accounted for 7% of total Canadian volume, in comparison
with 12% for credit cards. 


The new product launch follows the recent announcement that the Visa and
MasterCard networks have registered its payments gateway allowing Canadian
businesses to sign up for credit card processing using its PCI Level 1 secure
solution. The PCI DSS Level 1 requirement applies to any service provider who
stores, processes or transmits more than 300,000 transactions annually to Visa
or MasterCard.


EFT Canada will immediately begin marketing the new service to its existing and
future client base. Using EFT Canada's payment gateway, clients will be able to
store, process and transmit credit card information in the cloud, without having
to invest heavily in their own infrastructure. Retail, e-commerce, direct
marketing, and recurring transactions are all market segments certified to be
processed using the EFT Canada payment gateway.


"The continued demand by our existing client base was one of the contributing
factors of this new service," said Randy Waxman, EVP Sales and Marketing, EFT
Canada. "The new service should both lead to organic revenue growth of our
existing portfolio and diversification of our client base."


EFT CANADA INC.

Founded in 2003 and headquartered in Toronto, Ontario, EFT Canada, a leading
financial services firm, offers small and medium sized businesses a broad range
of innovative and electronic payment solutions, including Canadian and U.S.
electronic funds transfer (ACH/EFT), credit card payment processing gateway (PCI
DSS Level 1), gift and loyalty programs and fraud prevention services. For more
information, please visit www.eftcanada.com.


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. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
EFT Canada Inc.
Jonathan Pasternak
President
(416) 781-0666
jpasternak(at)eftcanada.com
www.eftcanada.com

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