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September 19, 2011

E-Debit rolls out mobile payments platform

Canada-based financial holding company announced an agreement in conjunction with its joint-venture with ebackup, Capital Six

By CBR Staff Writer

E-Debit has signed an agreement with European and South African mobile Telco software and infrastructure provider IN-CORP AG’s Canadian subsidiary to roll out its mobile and internet based payment platforms.

E-Debit is a Canada-based financial holding company. It announced the agreement in conjunction with its joint-venture with ebackup, Capital Six.

In a joint statement with ebackup president Rowland Perkins, E-Debit chief executive Doug Mac Donald said that a review showed that the companies could use their PIN based financial transaction processing operational experience and last year’s acquisition of DigiCoins to introduce the E-Debit platform.

Mac Donald said, "After a comprehensive review with MapleTel president Johan Kok we find that we have a very dynamic opportunity to leverage our 12 years of PIN based financial transaction processing operational experience and our 2010 acquisition of DigiCoins Canada Inc. loyalty program and contactless technology with MapleTel telecom applications to initiate our E-Debit payment platform."

"Our Alberta joint-venture is based on equal participation between E-Debit’s and ebackup’s Capital Six Limited with 50% ownership and 50% with MapleTel and incorporates exclusive processing agreements with E-Debit’s wholly owned subsidiary and Interac member Westsphere Systems Inc.," said Mac Donald.

MapleTel president Johan Kok said the company’s first priority is the immediate integration of its P2P (person to person) application and E-Debit’s PIN based and micro payment capabilities into the joint-venture.

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Kok said, "We are focused directly on a PIN secured Internet payment product and a subsequent related mobile payment offering built on E-Debits payment experience and suite of business operations currently in place."

"I anticipate a very quick Beta development and look to our current 250,000+ subscriber base in South Africa and South America for the initial large scale test/roll-out in tandem with a North American implementation," added Kok.

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