EFT Canada Inc.
TSX VENTURE : EFT

EFT Canada Inc.

November 13, 2006 11:02 ET

Collective Point of Sale Solutions Signs ISO Agreement with EFT Canada & Secure Payment Systems

TORONTO, ONTARIO--(CCNMatthews - Nov. 13, 2006) - Secure EFT, a partnership made up of Secure Payment Systems of San Diego CA and EFT Canada Inc. (TSX VENTURE: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 retailers.

"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 growth."

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

Founded in 1996 by Linden (Lin) Fellerman, privately held Secure Payment Systems, Inc. (SPS) is a unique information services company that specializes in the needs of small and midsize retailers. In addition to traditional point-of-sale transaction processing, SPS offers electronic check conversion, gift and loyalty card processing, a proprietary ATM debit payroll/international funds transfer card, as well as an array of ACH electronic debit services including file transmissions and a sophisticated WEB-based database platform for merchants to privately perform their own recurring debit activities. For more information, please visit www.securepaymentsystems.com.

About CollectivePOS

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.

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