QI Sees New Opportunities with ACT Canada

Act Canada has consistently been an internationally recognized leader and facilitator for the advanced card industry. The industry today is developing rapidly as the banking community is now committed to chipcard deployment throughout the Canadian market.

Now is the time for QI to resume its role as a leader in providing specialty payment terminals for use with cards deployed by the financial industry. Rick Murray, VP Business Development said: “We are pleased to rejoin the ACT Canada community and look forward to working closely with the ACT Canada team and their many members. Over the next few months QI will be coordinating with ACT Canada for export sales initiatives at several trade shows including the Smart Card Alliance and Cartes 2005.”

Europe has deployed single application smart card technology in many markets. Canada has an advantage because new card deployments can fully exploit multi application card technology while supporting EMV (Europay,MasterCard,Visa) standards. QI has been a leader in multi application and multi-card support and we are confident that many opportunities will become available because of that expertise.

Catherine Johnston, President & CEO of ACT Canada, said, “In 2005 Canada has finally moved from a potential market to an inevitable advanced card market and that has benefits for Canadians in terms of greater security and convenience in our day-to-day transactions. Timing is excellent for Canadian companies developing card software, hardware and related commodities. In the past we have seen groundbreaking product developments in Canada and we are ideally positioned to take advantage of a global move to multi-application cards. There is an international focus on Canada, as we convert to EMV compliant card payment products, so companies here will have high visibility and excellent opportunities to showcase their strengths to the international market.”

QI Systems Inc.

QI Systems Inc. designs and sells card payment solutions for various industries. Products and core competencies include smart cards and stored value systems, security protocols, data communications, software design and hardware manufacture.