InterceptEFT® partners with EFT Canada to offer Canadian electronic fund transfers to customersFargo, ND (June 7, 2006) - InterceptEFT today announced a strategic partnership with EFT Canada, Inc. (TSX-V: EFT), based in Toronto, Ontario, Canada. EFT Canada Inc., a publicly traded company, provides advanced electronic payment services and tools for small and medium-sized businesses such as credit unions and merchants.
Through the EFT Canada partnership, InterceptEFT will improve its ACH processing capabilities for transmitting Canadian funds and maintaining customer data. "Our new relationship with EFT Canada helps us process monies associated with Canadian accounts with quality service and competitive rates", says InterceptEFT President and co-founder, Bryan Smith. "It's another way to improve services for our customers."
Customers will benefit from paperless and seamless EFT/ACH transactions between Canadian and U.S. bank accounts. "We are pleased to partner with InterceptEFT", said Randy Waxman, COO of EFT Canada. "Our organization focuses on worry-free, efficient electronic transaction processing, and we're excited to extend our services to InterceptEFT and its customers."
EFT Canada offers a comprehensive software solution for a wide variety of companies, by providing direct customer billing and collections for business services and products on a scheduled basis. Fargo, N.D. based InterceptEFT is a national leader in payment-processing services and software. It processed more than 26 million ACH transactions in 2005.
About EFT Canada
Founded in 2003, EFT Canada Inc., a publicly traded company on the Toronto Venture Exchange and headquartered in Toronto, Ontario, offers a complete solution to the collection and payment processing needs of 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, by drawing on its operational and applications expertise.
More information can be found on the corporate web site at www.eftcanada.com.