SOURCE: Mint Technology Corp.

November 15, 2005 08:00 ET

Mint, TNS and Peoples Trust Announce Launch of Prepayedge™ Prepaid MasterCard Card

TORONTO -- (MARKET WIRE) -- November 15, 2005 -- Mint Inc., a subsidiary of Mint Technology Corp. (TSX-V: MIT), TNS Smart Network Inc. and Peoples Trust announced today that the Prepayedge MasterCard card, one of the first prepaid and reloadable MasterCard cards being introduced in Canada, is available for purchase.

The Prepayedge™ prepaid MasterCard card is now available in Canada to a wide demographic of consumers. With the Prepayedge™ MasterCard card there is no credit check required and can be purchased by virtually everyone who submits and completes a qualified application. Furthermore, the Prepayedge™ MasterCard card can be used at the millions of locations worldwide where MasterCard is accepted today including retailers, websites, mail order, mobile purchases and select ATM cash withdrawals.

"We have already received incredible response amongst consumers for our Prepayedge™ prepaid MasterCard card," said Mischa Weisz, President and CEO of TNS, "The Prepayedge™ MasterCard card addresses a great demand from many individuals who may require the safety and acceptance of a MasterCard in their daily lives but are not qualified for a traditional credit card due to credit issues, stricter age requirements, new residency in Canada, etcetera. It is ideal for family spending, travelling, school spending, secure Internet shopping, gift giving, to name but a few. It is simple, you load it and you spend it."

The Prepayedge™ prepaid MasterCard card can be purchased via www.tns-prepaid.net, a basic registration form is processed and a personalized prepaid MasterCard card is on its way.

"With the availability of our prepaid MasterCard card products, Canadian consumers are now in a position of greater control," said Frank Maduri, President, Mint Inc., "A large cross-section of Canadians have been unable to make basic purchases online, book holidays or have the convenience of not carrying cash -- a prepaid MasterCard card is the perfect solution to this barrier."

"As the issuing bank, it has been very rewarding to partner with Mint and TNS to witness a new and flexible method of payment become available to the Canadian public," said Gerry Serratore, Vice President Marketing, HorizonPlus Card Services Ltd., an agent of Peoples Trust.

About Mint Technology Corp.

Mint is a leading payment solutions company. Through the Company's payment platform, Mint is the first in Canada to facilitate and deploy prepaid MasterCard® cards with unique features such as co-branding and loyalty programs and new wireless and contactless payment alternatives such as MasterCard cards with PayPass™ functionality. Mint enables fully featured prepaid credit card programs by offering a back-office platform, transaction processing and full service card management including program implementation and deployment. The company is headquartered in Toronto, Ontario. To find out more about Mint Technology Corp. (TSX-V: MIT), visit our website at www.mintinc.com.

About Peoples Trust Company

Peoples Trust of Vancouver, BC, has become a very successful provider of financial services by combining price competitive products with truly exceptional customer service and support. They maintain a unique and enviable position among Canada's financial institutions as a result of long-term profitability, steady asset growth and the ability to perform above and beyond customers' expectations.

About TNS Smart Network

TNS Smart Network Inc. is a privately owned Canadian company providing the gateway for networking services between ATMs and financial institutions in both the financial and retail marketplaces. TNS has enjoyed tremendous success in partnering with 'white label' ATM companies in the deployment of machines from coast to coast. The company is headquartered in Toronto, Ontario.

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Contact Information

  • For further information please contact:

    Mich Ahern
    Manager, Public Relations, Mint Inc.
    Mobile: 416-454-8060
    Phone: 416-581-0001 ext. 216
    Email: Email Contact

    Mischa Weisz
    President & CEO
    TNS Smart Network Inc.
    Phone: 416-620-0597 ext. 250
    Mobile: 905-921-5001
    Email: Email Contact

    Gerry Serratore
    Vice President Marketing,
    HorizonPlus Card Services Ltd
    Phone: 416 640-4230
    Mobile: 416 904-8730
    Email Contact