E-Debit Global Corporation Expands Its E-Debit International Inc. EMV Chip Enabled Card Products to the "Card-Not-Present" In...
01 Noviembre 2011 - 9:19AM
Marketwired
E-Debit Global Corporation (OTCBB:WSHE) announces the development
of E-Debit International Inc.'s "Smart Grid" secured
Card-Not-Present payment process.
Overview
With our previously announced EMV SCD Code certifications (the
payment and security standard for interoperation used for
authenticating credit and debit card payments at chip enabled
terminals developed for payment systems by Europay, MasterCard and
Visa and introduced by the Interac Network) we are now moving our
focus to expanding our business development to the
"Card-Not-Present" wireless and Internet market place utilizing our
EMV experience. stated Doug Mac Donald, E-Debit's President and
CEO.
Although technically challenging we are using our successful
transition to the EMV standard to establish the E-Debit
International Inc. "Smart-Grid" Card-Not Present payment process.
With the number of payment cards in circulation in Canada currently
at 112 million, and expansion of the Canadian card marketplace
predicted to reach 124.5 million by 2016, (according to
"Companiesandmarkets.com" a report and research aggregator) our
focus will be to allow fully secured and network accessible payment
processing for the "Card-Not-Present" marketplace.
E-Debit has established an unparalleled "end-to-end" payment
delivery and processing solution built on the foundation of its ATM
and POS networks experience. Our footprint within our ATM and POS
and our investments into securing state of the art technological
expertise and security will allow us to utilize our E-Debit
economies of scale allowing for cost effective technical
development and speed in facilitating the standardization of our
payment platforms and consolidation of hardware components and
human resources.
In addition, our investments into securing state of the art
technological expertise with our equity stake in ebackup Inc. has
allowed E-Debit economies of scale allowing for cost effective
technical development, speed in facilitating the standardization of
our payment platforms and consolidation of hardware components and
human resources.
We have worked very hard at building a supporting infrastructure
to underpin our payment platform development at a significant cost
to the Company. I am excited about the potential that is presently
in front of us not only in our historic business lines, but in the
"Card-Not-Present" payment processing and prepaid, debit and credit
business space originating in North America and expanding
worldwide. Our expectations reflect our historic residual revenue
experience with the ATM/POS replacement and anticipate similar
returns on our efforts of the past several years added Mr. Mac
Donald.
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 - 92,324,344
-- 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.
Contacts: E-Debit Global Corporation Tony Tsigonias 1 (403)
290-0264info@edebitglobal.comwww.edebitglobal.com
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