Bevertec CST Inc.

Bevertec CST Inc.

September 22, 2009 17:19 ET

Canadian Payment Technology Goes to Comoros Island

Societe Nationale des Postes et des Services Financiers des Comores signed a contract with Bevertec CST Inc. for implementation of the new electronic payment solution in the Island of Comoros on July 9, 2009

TORONTO, CANADA--(Marketwire - Sept. 22, 2009) - Bevertec CST Inc. -

"Having an aggressive plan on providing electronic payment services in the Island of Comoros we had to convert to a state-of-the-art solution that could enable us to stay in control of these ever-growing challenges." said Ebrahim Abdallah, General Manager of the Societe Nationale des Postes et des Services Financiers des Comores. We find that Bevertec solution has a proven track record which ensures us business continuity and compliance with modern technology. We have surveyed several impressive success stories in the region which made us feel confident in taking our decision", he added.

Societe Nationale des Postes et des Services Financiers des Comores wants to be the major player in modernization of the payment system in the Island of Comoros.

The project involves implementation of ESP/Link Comprehensive Card Solution as the primary card management platform for all the range of products issued by Societe Nationale des Postes et des Services Financiers. CCS has a proven track record in managing sophisticated card product profiles in large volumes with major financial institutions worldwide. ESP/LINK Financial Transaction Solution FTS will be the backbone electronic payment infrastructure, driving ATMs and POSs and enabling connectivity to other payment network, it will also provide connectivity and settlement with local and regional banks and financial institutions.

"We are delighted to be selected by Societe Nationale des Postes et des Services Financiers des Comores for this major project. Our commitment to the African Market is evident.

Societe Nationale des Postes et des Services Financiers des Comores will be able to embark its planned technology leap and launch its planned products and services by using our proven technology products." said Manou Shahali, Vice President Sales, Bevertec CST Inc.

About Bevertec CST Inc.

Founded in 1981, Bevertec is a leading developer of electronic payment systems, including ATM and POS solution, Comprehensive Card Solution, Integrated collection Management Solution, Alert Management Solution and Decision Support applications. Bevertec provides real-time end-to-end e-banking solutions for banks, post offices, credit unions, loan and saving associations, building societies and other financial institutions around the globe. Bevertec has more than 30 customers in the 5 continents. For more information, please visit the Company's website at www.Bevertec.com

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