02:58 PM EST - EFT Canada Inc. : said Thursday that it has decided to terminate the acquisition of Secure Payment Systems announced in July. Jonathan Pasternak, president of EFT Canada, said that ''in the current economic environment, it is important for the proposed combined entity of EFT Canada and Secure Payment Systems, to not be encumbered by assuming debt at higher than normal levels due to the credit shortage.'' EFT Canada Inc.
shares V.EFT are trading unchanged at $0.11.
