E-Debit Global Corporation
OTC Bulletin Board : WSHE

E-Debit Global Corporation

December 17, 2010 18:04 ET

E-Debit Global Corporation Announces Canadian Interac Association EMV Terminal, Code and Switch Platform Certification

CALGARY, ALBERTA--(Marketwire - Dec. 17, 2010) - E-Debit Global Corporation (OTCBB:WSHE) ("E-Debit") announced today it has received Canadian Interac Association terminal certification for application software EMV XCE 3.0.0.0 and application Kernel –V03.00.00W as well as Switch certification enabling all Canadian Interac card products with the chip embedded security to be utilized in all bank machines processed through E-Debit' payment processing platform conducted by its wholly owned subsidiary Westsphere Systems ("WSI").

Management's Commentary:

"The financial payment services industry conducted in Canada within the Interac Association is deemed to be a leading world standard and E-Debit share in this marketplace through its membership within the Association and our world class financial processing capabilities. E-Debit through its ACI Worldwide's On Demand™ BASE24-eps™ processing platform enhances E-Debit's move into our fully integrated card product issuance services allowing for a low-cost payment card network that enables a wide variety of payment products to meet the needs of issuers, merchants, and consumers," said Sonja Dreyer, WSI's Vice President and Chief Operating Officer.

"E-Debit has an eleven year history with PIN-based security card products and with the Canadian card product marketplace transitioning over to Chip card security (identified as EMV standards), our successful certification keeps E-Debit's switching operations at the forefront of enhanced card product security. EMV is a standard for interoperation used for authenticating credit and debit card payments at chip enabled bank terminal and point of sale terminals and was collectively developed for payment systems by Europay, MasterCard and Visa," added Ms. Dreyer.

About E-Debit Global Corporation

E-Debit Global Corporation (WSHE) is a financial holding company in Canada at the forefront of debit, credit and online computer banking. Currently, the Company has established a strong presence in the privately owned Canadian banking sector including Automated Banking Machines (ABM), Point of Sale Machines (POS), Online Computer Banking (OCB) and E-Commerce Transaction security and payment. E-Debit maintains and services a national ABM network across Canada and is a full participating member of the Canadian INTERAC Banking System.

Financial Profile:

  • CAPITALIZATION: 500,000,000 COMMON SHARES WITH NO PAR VALUE
  • SHARES ISSUED: Common - 81,634,420
  •  : Voting Preferred - 70,855,900
  • For further details, please refer to WSHE website
  • WSHE Symbol OTCBB
  • Transfer Agent: Holladay Stock Transfer Inc.
  • 2939 North 67th Place
  • Scottsdale, Arizona 85251

DISCLAIMER

Forward-Looking Statements: This news release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. The forward-looking statements, which address the Company's expected business and financial performance, among other matters, contain words such as "believe", "expect", "anticipate", "optimistic", "intend", "plan", "aim", "will", "may", "should", "could", "would", "likely", and similar expressions. All statements, other than statements of historical fact, included herein, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and WSHE does not undertake an obligation to update forward-looking statements should conditions or management's estimates or opinions change. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: the underlying assumptions related to the events outlined in this news release proving to be inaccurate or unrealized, events impacting the likelihood and timing of the completion of the events outlined, such as regulatory approvals, and the Company's ability to exploit the payment platform and other assets and execute on its strategy to develop and issue new and enhanced payment products and services and increase the Company's revenues from such products and services.

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