Toronto, ON (June 28, 2006) – EFT Canada Inc (TSX-V: EFT), a publicly traded company based in Toronto Ontario and leading provider of electronic transaction processing services and payment enabling technologies, and Secure Payment Systems (SPS) of San Diego CA, a premier provider of closed and open loop, stored-value and gift and loyalty card solutions, today announced a strategic partnership to deliver an industry-leading gift and loyalty card program to the Canadian marketplace.  Through this strategic partnership, EFT Canada will utilize SPS’s innovative technology platforms to provide clients with a comprehensive, easy-to-use, and affordable generic or custom card program that increases customer visits, enhances revenue and enables small to medium sized merchants to compete with the larger retailers. 

Although SPS offers its services on many different POS terminals as well as proprietary retail POS software platforms, the companies initially expect to launch its service on the Lipman Nurit 8320 multi-application terminal as well as the Tech Trex terminal both of which are small footprint and easy-to-use POS devices. 

Lin Fellerman, President of SPS stated, "SPS has created the perfect program for EFT Canada’s independent sales agents and customers by leveraging an already substantial U.S. processing portfolio to create attractive price points and highly competitive products. The SPS gift and loyalty product line works well for EFT Canada prospective clients given it’s a fully secure and accountable payment solution that is still in its infancy stage in Canada." Fellerman added, "SPS's strategy fits nicely with EFT Canada’s market presence and proposed product offering."

“With the increasing popularity of gift and loyalty card acceptance, this relationship is another example of how EFT Canada is providing our merchant customers with the tools they need to grow their businesses,” said Jonathan Pasternak, President of EFT Canada.  “By adding another product dimension to our already robust product and services portfolio, EFT Canada is providing our customers with additional opportunities to gain a competitive edge and increase market share. SPS has already established themselves as a premier gift card provider. Their specialized focus and proven experience in this arena made them the ideal partner for delivering an innovative and comprehensive gift and loyalty card program.”

About EFT Canada
Founded in 2003, EFT Canada Inc. is a financial processing company that offers a complete solution to the collection and payment processing needs of small and medium sized business 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 and gift and loyalty card services, by drawing on its operational and applications expertise.  For more information, please visit www.eftcanada.com.

About Secure Payment Systems
Founded in 1996 by Linden (Lin) Fellerman, privately held Secure Payment Systems, Inc. (SPS) is a unique information services company that specializes in the needs of small and midsize retailers. In addition to traditional point-of-sale transaction processing, SPS offers electronic check conversion, gift and loyalty card processing, a proprietary ATM debit payroll/international funds transfer card, as well as an array of ACH electronic debit services including file transmissions and a sophisticated WEB-based database platform for merchants to privately perform their own recurring debit activities.  For more information, please visit www.securepaymentsystems.com

This press release contains forward-looking statements which reflect the Company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ significantly from those projected herein.

The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.

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