EVERLINK PAYMENT SERVICES INC.

EVERLINK ANNOUNCES PARTICIPATION IN CHIP CARD TECHNOLOGY TRIAL

Embedded Computer Chips to Help Mitigate Fraud

MARKHAM, Ontario, May 5, 2008 – Everlink Payment Services, Inc., a leading provider of electronic payment services in the Canadian marketplace, has announced its participation with a major financial institution in the Kitchener-Waterloo, Ontario chip technology trial. This trial of chip cards and terminals is designed to support the adoption of a new payment card technology that provides enhanced security and convenience to merchants and consumers.
Chip technology, widely used in more than 100 countries around the world, features an embedded computer chip that provides increased protection against counterfeit and lost and stolen card fraud.

The foundation of chip technology is based on the global technical standard known as EMV™.

“This trial is an important step that will lead to a gradual but steady migration to chip technology expected to take a number of years to completely rollout in Canada,” said Mark Ripplinger, President of Everlink. “There are three primary benefits that financial institutions and consumers will realize in adopting chip technology: mitigating fraud, enjoying a greater sense of confidence in the payment infrastructure, and the additional functionality that this type of technology will provide. From a network perspective, financial institution brands will also be more preserved since chip cards provide the opportunity to promote a more secure transaction environment.”

The cards that were distributed for the trial can also be used anywhere that credit and debit cards are accepted. The magnetic stripe will remain on the back of chip cards and chip-ready point of sale terminals and Automated Banking Machines (ABMs) will continue to recognize both chip and magnetic stripe cards.

About Everlink
Everlink Payment Services Inc. was formed in 2003 in partnership with its shareholders Metavante Corporation and Celero Solutions and is a leader in the dependable, secure delivery of electronic transaction switching services in the Canadian marketplace. Everlink became a Direct Connector on the INTERAC® Inter-Member Network (IMN) in 2004 and acquired the CGI/CDSL switching assets in December 2005. The company operates a value-added CyberGateway technology platform and processes in excess of 500 million issuer and acquirer transactions annually. Operating three direct connect nodes to INTERAC, as well as being the central switch provider for the Canadian Exchange® Network, the ACCULINK™ Network, the Acxsys Cross Border Debit Services, and through numerous connections to both debit and credit payment networks, Everlink connects partner organizations to hundreds of thousands of ATM and point-of-sale devices worldwide.

Everlink is a national electronic services supplier providing switching services to 90 percent of the Canadian credit union system and financial services organizations. Everlink specializes in leading-edge gateway transaction switching, ATM/POS driving, device monitoring and card processing services. Everlink connects partner organization cardholders regionally, nationally, globally, one secure transaction at a time with cost-effective comprehensive solutions and services. To learn more about Everlink Services visit www.everlink.ca.

INTERAC is a registered trademark of the Canadian Interac Association. Canadian Exchange is a registered trademark of the Canadian Exchange Network.
ACCULINK is a trademark of the Acculink ATM Network. EMV™ is a trademark of EMVco LLC.