E-Debit Global Corporation In Final Stages Of Transitioning Its Digital Communication Network For Its Financial Switching Operations
CALGARY, Alberta, Nov. 23, 2012 /PRNewswire/ -- E-Debit Global Corporation ("E-Debit") (OTCQB: WSHE) announces today the transition of its Digital Communication network to enhance and add the next level of security and redundancy to its Financial Switching Operations.
"Over the past 8 months WSI which is our electronic payment processing unit has been working with our communication partners Shaw Communications, Bell Communications and TELUS to transition our Communication network in order to expand our security and redundancy," advised WSI Chief Operating Officer Sonja Dreyer.
"Our WSI business unit offers debit and credit payment processing solutions and connectivity to the Canadian Interac Network and Credit Facilitators. Our initial introduction of our ATM network to our fiber communication system has been reviewed and to meet our future requirements with the role out of GROUP-LINK we moved to expand our redundancy to ensure we have the best of industry communication connectivity.
"These enhancements are end to end and includes the move of our data centres both in the US and Canada to enhanced PCI compliant facilities. Our experience to date has met the challenge of the new requirements related to chip based card product processing and EMV protocols and at the same time has increased speed of transaction processing by a minimum of 25%.
"Once we conclude our transition we will be able to expand our focus towards our custom payment solutions across a wide range of communication protocols including private-label, travel & entertainment and fleet cards as well as expanding our reach within the Canadian ATM and POS marketplace with contracted switching services to the Canadian ISO ("Independent Sales Organizations") being offered by GROUP-LINK.
"With this transition we are now in total control of our communication protocols and significantly reduced our reliance on non-affiliated contracted managed services to connect, operated and service our switching platform and to give our guarantee of the best of industry transaction processing in the most secure, stable, reliable and high performance environment to our existing client base and our future ISO potentials which we are going to aggressively pursue," Ms. Dreyer stated.
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.
- CAPITALIZATION: 10,000,000,000 COMMON SHARES WITH NO PAR VALUE
- SHARES ISSUED: Common – 330,709,344
- : Voting Preferred - 70,855,900
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WSHE Symbol OTCQB
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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.
For further information, please contact
E-Debit Global Corporation
E-Debit website: edebitglobal.com
E-Debit phone number: 403-290-0264
SOURCE E-Debit Global Corporation