Now in production: first fully integrated Chip & PIN certified solution for IBM 4690 POS retailers

    WOODBRIDGE, ON, Oct. 15 /CNW Telbec/ - ST&J Retail is pleased to release
the first installations of EFT Plus(TM), a payments solution designed to
address North American Electronic Funds Transfer (EFT) requirements and
deliver Chip & PIN compliance for merchants in Canada. EFT Plus has been
certified in Canada with Global Payments and HMV Canada Inc. is pleased to be
the first EFT Plus customer. This initial release of EFT Plus is specifically
designed for retailers using IBM's 4690 POS platform and addresses the
mandatory security standards introduced by Visa, MasterCard and Interac -
standards designed to reduce fraud and administration costs for merchants as
well as protect cardholder information.
    EFT Plus was developed based on focus group sessions with 4690 POS
retailers (approximately 20% of the POS installed base in North America is
4690), and leverages their investment in 4690 technologies. EFT Plus provides
a flexible and scalable payments solution and future releases of the product
will provide a migration path to Windows and Linux. The solution delivers
value to both merchants and consumers by addressing Chip and PIN compliance
standards including global interoperability and streamlining the customer
experience at the cash register.
    STJ President Stephen Braceland commented, "EFT Plus should be the
payment application of choice for 4690 retailers as the solution was
specifically built based on their specifications. Moreover, our marketplace
experience is validating our belief that, both short-term and long-term, EFT
Plus is the lowest risk and most cost-effective EFT solution for the 4690 POS
    According to a J.C. Williams Group report, credit card fraud is growing
at an alarming 25+% per year (Visa North America statistics), and North
America has now become a universal target as many other countries have already
implemented Chip & PIN. In addition to this growth rate, fraudsters'
sophistication has increased causing this number to grow even faster. Chip &
PIN represents the highest levels of security, and once implemented is
expected to address most current forms of credit and debit card fraud.
    An Ipsos Reid survey reported that one third of Canadian consumers
believe that credit card security is the responsibility of retailers, so
merchants are eager to protect not only their brand, but their clients. "We
chose EFT Plus because it protects our clients' information in a manner that
complies with the Chip & PIN requirements, integrates seamlessly into our 4690
POS environment and uses terminal and controller resources more efficiently,"
says Dave Marien, Vice President, Information Technology at HMV.
    EFT Plus is available immediately through STJ Retail, whose team of
retail and payments technology experts developed the solution based on years
of experience developing and supporting the legacy solutions that are in place
at many financial institutions today. "EFT Plus is designed to immediately
reduce merchants' exposure to credit and debit card fraud and is of great
value as a leverageable platform for retailers that wish to implement loyalty
or other innovative and strategic programs," stated Jamal Awad, Vice
President, Strategic Solutions and Third Parties at Global Payments.

    About HMV

    With over 80 years of music retailing history and 400+ stores worldwide,
HMV Group LLC is the world's premier retailer of music, DVD, videogames, books
and more. The HMV Group includes the Waterstone's, Dillon's and Ottakar's
bookchains and is continually growing within the international retail music
industry. It has proven itself as an innovative leader in Canada since 1988.
HMV Canada has grown from a small retail music chain to become one of Canada's
music market leaders with over 130 stores from Newfoundland to British
Columbia. For more information about the company and its services, please

    About Global Payments

    Global Payments Inc. (NYSE:  GPN) is a leading provider of electronic
transaction processing services for consumers, merchants, Independent Sales
Organizations (ISOs), financial institutions, government agencies, gaming
establishments, and multi-national corporations located throughout the United
States, Canada, Latin America, Europe and the Asia-Pacific region. Global
Payments offers a comprehensive line of processing solutions for credit and
debit cards, business-to-business purchasing cards, gift cards, electronic
check conversion and check guarantee, verification and recovery including
electronic check services, as well as terminal management. The company also
provides consumer money transfer services from the U.S. and Europe to
destinations in Latin America, Morocco, and the Philippines. For more
information about the company and its services, visit

    About STJ Retail

    Headquartered just north of Toronto, Canada, STJ Retail has been
providing innovative solutions to the retail marketplace for over 13 years.
STJ is aligned with several major hardware manufacturers, and offers both
augmentation services and/or turn-key solutions, including 7x24 hour help desk
services. In addition to having extensive 4690 POS development and support
expertise, STJ has invested over $6 Million in R&D in the last 8 years and has
two leading products: EFT Plus(TM), addressing Chip & PIN Compliance and
Appaloosa, a browser based POS System. For more information on STJ, please
contact Mary Di Vincenzo at (905) 851-6600 ext# 102 or, or visit the company's website:

For further information:

For further information: on this release: Mary Di Vincenzo, (905)
851-6600 ext# 102,

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