SOURCE: Mint Technology Corp.

June 21, 2005 08:00 ET

TNS Smart Network Inc. to Market & Distribute Mint's Prepaid MasterCard Cards

TORONTO -- (MARKET WIRE) -- June 21, 2005 -- Mint Inc., a subsidiary of Mint Technology Corp., and Horizon Plus Card Services Limited Partnership announced today that they have signed a distribution agreement with TNS Smart Network Inc. (TNS). TNS, Canada's largest, privately owned processor for third party Automated Teller Machines (ATMs), will be distributing PREPAYEDGE™ MasterCard prepaid cards under TNS Prepaid Financial Corporation.

Under the terms of the agreement, TNS will initially distribute 15,000 PREPAYEDGE™ MasterCard cards through a variety of distribution channels, including making them available through their existing sales network. TNS provides processing services to "white label" ATMs in retail locations across Canada with over 7,000 ATMs and POS devices deployed nationwide. Mint will provide TNS with a prepaid MasterCard turnkey program with complete services and features. Peoples Trust of Vancouver will be responsible for card issuance under its agency agreement with Horizon Plus Card Services Limited Partnership.

"Prepaid products have become commonplace in Canada with millions of consumers using prepaid cell phones, long distance cards and wireless services," states Mischa Weisz, President & CEO of TNS. "We see the PREPAYEDGE™ MasterCard as the next evolution in consumer satisfaction and convenience. Safer than giving cash, the PREPAYEDGE™ card is ideal for secure Internet shopping; to replace traveler's cheques while vacationing; as an optimal solution for small business travel; and is perfect for gift giving, among many other uses."

MasterCard prepaid cards are widely accepted at retail locations worldwide and enable access to funds through participating ATMs, providing "Zero Liability" protection in North America like all MasterCard payment programs. Fully re-useable, the PREPAYEDGE™ card is easily reloaded by transferring funds from an existing Bank account using Internet banking or Telephone banking.

"TNS Smart Network Inc. represents an exciting opportunity for Mint to expand," said Frank Maduri, President, Mint Inc. "Not only will it allow this increased distribution for prepaid MasterCard cards, but it will also be a step in the right direction for continued product enhancement. Eventually, we look to have card holders be able to 'top up' their prepaid cards at ATMs across Canada."

To find out more about Mint Technology Corp. (TSX-V: MIT), visit our website at www.mintinc.com.

About Mint Technology Corp.

Mint is a leading payment solutions company that develops and markets new types of electronic payment applications in the financial sector. Through its payment platform, Mint facilitates and deploys prepaid MasterCard® cards with unique features such as co-branding, Municipal Parking cards and new wireless payment alternatives such as: MasterCard cards with PayPass™ functionality and cellphone based Parking. 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.

Investors can visit http://www.agoracom.com and participate in the official Mint Technology Corp. investor relations site with an online forum for investor questions, commentary, discussion and feedback. Investors can also e-mail any questions directly, or request ongoing information by e-mail list, at MIT@Agoracom.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.

Visit our website at www.tns-smart.net

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Contact Information

  • For further information please contact:

    Mich Ahern
    Manager, Public Relations
    Mint Inc
    o:416.581.0001, ext. 216
    c:416.454.8060
    Email Contact

    Gerry Serratore
    Vice President Marketing
    Horizon Plus Card Services Ltd
    o: 416 640-4230
    c: 416 904-8730

    Mischa Weisz
    President & CEO
    o: 416 620-0597 ext. 250
    Email Contact