CollectivePOS Posts Strong Growth Year Over Year with Double Digit Increases in Revenues and Customers

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Expanded product and technology offerings enhance customer services

Payment Processing, Accept Credit & Debit Cards in Canada, POS Terminals
These results are a great source of pride as we continue to grow rapidly in our second decade serving small to medium-sized businesses.

Strong growth for Collective Point of Sale Solutions Ltd., a leading payment processor and merchant services provider, has continued in 2012. Important key financial measures exceeded expectations, demonstrating Collective POS's continued success in processing more than $1 billion worth of debit and credit transactions annually.

For the nine-month period ended September 30, 2012 the number of actively processing accounts advanced 20 per cent and revenues increased 17 per cent as compared to the same period last year.

“These results are a great source of pride as we continue to grow rapidly in our second decade serving small to medium-sized businesses,” said Michael Back, president and CEO, Collective Point of Sale Solutions Ltd. “We now serve nearly 12,000 actively processing accounts and process in excess of $100 million worth of payment transactions per month in processing volume.”

“This year, we’ve expanded our ability to provide industry-leading business solutions on several fronts,” Back added. “We invested in technology to provide faster payment processing solutions with our VeriFone Optimum P.O.S. terminals and the addition of Interac Online to our suite of services. We also invested in human resources to extend customer and technical support hours. All of this has added up to the revenue and processing volume growth we are reporting today – and better service to our target market.”

Back stated that Collective POS continues to gather strength by executing on its business plan, managing growth and achieving significant momentum, which he said “will move to the next, higher level in the year ahead.”

About Collective Point of Sale Solutions Ltd.
Founded in 2001, Collective Point of Sale Solutions Ltd., Canada’s choice for payment processing and merchant services, provides entrepreneurs and owners of small to medium-sized businesses with affordable, convenient and more customized alternatives to the debit and credit card processing services currently offered by major banks and other payment processors. With more than 70 employees, Collective POS serves nearly 12,000 businesses across Canada and processes in excess of $1 billion worth of debit and credit transactions annually.

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Denise Wilson
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