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Canadian Tire Upgrade

Canadian Tire Financial Services Completes Upgrade to Portfolio Plus 2010

December 6, 2009: Strategic Information Technology Limited (“SIT”) is pleased to announce that Canadian Tire Financial Services has completed its upgrade to Portfolio Plus 2010.

"Unlike many other banking software vendors, we encourage upgrades of Portfolio Plus every year or two. This ensures that our customers can take advantage of the latest features and industry changes," says G. Robert Leeming, President of SIT.

Portfolio Plus enables banks, trust companies, virtual banks, credit unions, and other financial organizations to implement their own flavour of banking to capture the best possible market advantage. Portfolio Plus, with its Plug-In BankingTM architecture, enables financial organizations to add functionality as they require it, making it one of the most versatile solutions in the market.

About Canadian Tire Financial Services

Canadian Tire Financial Services began in 1961 as a small financial service company offering third-party credit processing for local retailers. Over the next two decades Canadian Tire Financial Services provided support in the form of credit-processing facilities for the expanding, nation-wide network of Canadian Tire stores.

In 1995, Canadian Tire Financial Services became the first non-deposit taking, financial institution worldwide to launch a MasterCardTM called the Options MasterCardTM.

In 2003, Canadian Tire Bank was established. A wholly owned subsidiary of Canadian Tire Financial Services, Canadian Tire Bank operates under federally regulated guidelines.

About Strategic Information Technology Limited

SIT, formed in 1988, develops and markets Portfolio Plus, an extensible banking system that enables customers to plug-in new functionality as required. This is accomplished via SIT's unique Plug-In BankingTM architecture and a Financial Services BusTM that extends Portfolio Plus functionality to other corporate applications. SIT's banking software enables credit unions, banks, trust companies and building societies to offer web banking, loans, loan securitization, investments, term deposits, wealth management, retail, ATM/POS switch interfaces for debit cards, leasing, and credit bureau interfaces. Portfolio Plus can also be tailored, on request, to meet specific customer requirements.

SIT can be reached at (http://www.stratinfotech.com) or by phone at 905-640-0808.

Portfolio Plus, Plug-In Banking and Financial Services Bus are trademarks or registered trademarks of SIT in the U.S., Canada and other countries. Any other trademarks or service marks contained herein are the property of their respective owners.

For more information:
Adam Long
Strategic Information Technology
Telephone: 905-640-0808 x452
Email: adaml@stratinfotech.com


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by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
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