edebit_10q-033113.htm

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: March 31, 2013

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________ to _________

Commissions file number 0-32051

E-DEBIT GLOBAL CORPORATION

(Exact name of Registrant as specified in its charter)

COLORADO	98-0233968
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

#12, 3620 – 29th Avenue NE

Calgary, Alberta Canada T1Y 5Z8

Telephone (403) 290-0264

(Issuer's telephone number)

(Former name, former address and former

fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer o	Accelerated filer o

Non-accelerated filer o	Smaller reporting company x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS

DURING THE PRECEDING FIVE YEARS

Indicate by check mark whether the registrant filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. Yes o No o

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: As of April 22, 2013, there were 320,046,834 outstanding shares of the Registrant's Common Stock, no par value and 81,518,410 shares of Preferred Stock, no par value.

E-DEBIT GLOBAL CORPORATION

INDEX TO THE FORM 10-Q

For the quarterly period ended March 31, 2013

			PAGE
PART I FINANCIAL INFORMATION
	ITEM 1.	UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
		Condensed Consolidated Balance Sheets	3
		Condensed Consolidated Statements of Operations	4
		Condensed Consolidated Statements of Comprehensive Income	5
		Condensed Consolidated Statements of Changes in Stockholders’ Deficit	6
		Condensed Consolidated Statements of Cash Flows	7
		Notes to Condensed Financial Statements	8
	ITEM 2.	MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	20
	ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.	25
	ITEM 4.	CONTROLS AND PROCEDURES	26
Part II OTHER INFORMATION
	ITEM 1.	LEGAL PROCEEDINGS	26
	ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	26
	ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	26
	ITEM 4.	MINE SAFETY DISCLOSURES	26
	ITEM 5.	OTHER INFORMATION	26
	ITEM 6.	EXHIBITS	26

PART I - FINANCIAL INFORMATION

ITEM 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

E-DEBIT GLOBAL CORPORATION

Condensed Consolidated Balance Sheet

ASSETS	March 31, 2013 (Unaudited)			December 31, 2012 (Derived from audited financial statements)
CURRENT ASSETS
Cash	$	33,073		$	46,898
Restricted cash		799,712			188,236
Accounts receivable net of allowance for doubtful accounts of $22,515 and $23,413		24,868			37,791
Other receivable – related parties		12,746			16,535
Inventory		56,573			68,628
Prepaid expense and deposit		8,158			9,022
Total current assets		935,130			367,110

Property and equipment, net of depreciation		206,267			225,190
Investment, at cost		20			20
Intangible Assets, net of amortization		31,743			43,926

Total assets	$	1,173,160		$	636,246

LIABILITIES AND STOCKHOLDERS’ DEFICIT

CURRENT LIABILITIES
Accounts payable		1,110,804			396,988
Accrued liabilities		97,695			98,026
Loans payable		284,554			287,047
Indebtedness to related parties		1,577,303			1,517,601
Shareholder loans		286,372			292,741
Total current liabilities		3,356,728			2,592,403

Total liabilities		3,356,728			2,592,403

COMMITMENTS AND CONTINGENCIES (Notes 1, 4, 9, 10, 11, 12, 14)

STOCKHOLDERS’ DEFICIT
Preferred stock – authorized 200,000,000 shares, no par value, 81,518,410 shares issued and outstanding at March 31, 2013 and 81,518,410 at December 31, 2012		1,475,493			1,475,493
Common stock - authorized 10,000,000,000 shares, no par value; 320,046,834 shares issued and outstanding at March 31, 2013 and 320,046,834 at December 31, 2012		2,212,392			2,212,392
Additional paid-in capital		654,018			654,018
Accumulated other comprehensive income		130,899			86,207
Accumulated deficit		(6,656,370	)		(6,384,267	)
Total stockholders’ deficit		(2,183,568	)		(1,956,157	)

Total liabilities and stockholders’ deficit	$	1,173,160		$	636,246

See accompanying notes to consolidated financial statements

E-DEBIT GLOBAL CORPORATION

Condensed Consolidated Statements of Operations

For the three Months Ended March 31,

(Unaudited)

	2013			2012
Revenue -
Equipment and supplies	$	8,499		$	55
Residual and interchange income		268,579			589,603
Other		13,105			19,165
Total revenue		290,183			608,823

Cost of sales -
Equipment and supplies		7,055			1,591
Residual and interchange costs		148,815			390,575
Other		131,934			155,492
Total cost of sales		287,804			547,658

Gross profit		2,379			61,165

Operating expenses -
Depreciation and amortization		30,108			29,870
Consulting fees		39,223			47,680
Legal and accounting fees		1,038			34,477
Salaries and benefits		118,522			125,288
Travel, delivery and vehicle expenses		3,111			7,352
Other		48,015			80,096
Total operating expenses		240,017			324,763

Income (-Loss-) from operations		(237,638	)		(263,598	)

Other expense -
Interest expense		(34,465	)		(44,478	)

Net (-loss-) before income taxes		(272,103	)		(308,076	)

Provision for income taxes		—			—

Net (-loss-)	$	(272,103	)	$	(308,076	)

Basic net (-loss-) per common share	$	(0.00	)	$	(0.00	)
Weighted number of shares outstanding		320,046,834			95,249,344

See accompanying notes to consolidated financial statements

E-DEBIT GLOBAL CORPORATION

Condensed Consolidated Statements of Comprehensive Income

For the three Months Ended March 31,

(Unaudited)


	2013			2012

Net (-loss-)	$	(272,103	)	$	(308,076	)

Other comprehensive (-loss-), net of tax
Foreign currency translation adjustment		44,692			(27,293	)
Other comprehensive (-loss-), net of tax		44,692			(27,293	)

Comprehensive (-loss-)	$	(227,411	)	$	(335,369	)

See accompanying notes to consolidated financial statements

E-DEBIT GLOBAL CORPORATION

Condensed Consolidated Statements of Changes in Stockholders’ Deficit

(Unaudited)

											Accumulated
									Additional		Other					Total
	Preferred Stock				Common Stock				Paid-in		comprehensive		Accumulated			Stockholders’
	Shares		Amount		Shares		Amount		Capital		Income		(Deficit)			(Deficit)
Balance, December 31, 2012		81,518,410	$	1,475,493		320,046,834	$	2,212,392	$	654,018	$	86,207	$	(6,384,267	)	$	(1,956,157	)
Other comprehensive loss, net of tax		—		—		—		—		—		44,692		—			44,692
Net loss for the three months ended March 31, 2013		—		—		—		—		—		—		(272,103	)		(272,103	)
Balance, March 31, 2013		81,518,410	$	1,475,493		320,046,834	$	2,212,392	$	654,018	$	130,899	$	(6,656,370	)	$	(2,183,568	)

See accompanying notes to consolidated financial statements

E-DEBIT GLOBAL CORPORATION

Condensed Consolidated Statement of Cash Flows

For the three Months Ended March 31,

(Unaudited)

	2013			2012
Cash flows from operating activities:
Net (loss) income from operations	$	(272,103	)	$	(308,076	)
Reconciling adjustments -
Depreciation and amortization		30,108			29,870
Changes in operating assets and liabilities
Restricted cash		(615,571	)		(254,730	)
Accounts receivable		14,878			4,048
Inventory		10,562			6,867
Prepaid expenses and other		668			4,636
Accounts payable and accrued liabilities		687,078			215,656
Net cash (used for) provided by operations		(144,380	)		(301,729	)

Cash flows from investing activities:
Purchase of equipment		(6,859	)		—
Disposal of equipment		—			—
Net cash (used for) investing activities		(6,859	)		—

Cash flows from financing activities:
Indebtedness to related parties		82,761			282,010
Proceeds from related parties		39,384			90,167
Repayments to related parties		(29,423	)		(38,772	)
Net cash provided by financing activities		92,722			333,405

Foreign currency translation adjustment		44,692			(27,293	)
Net change in cash and cash equivalents		(13,825	)		4,383
Cash (overdraft) at beginning of year		46,898			96,492
Cash (overdraft) at end of year	$	33,073		$	100,875

Supplemental schedules:
Cash paid for interest	$	6,668		$	10,823
Cash paid for income taxes	$	—		$	—
Noncash investing and financing activities
Shares issued for the settlement of debt	$	—		$	—

See accompanying notes to consolidated financial statements

E-DEBIT GLOBAL CORPORATION

Notes to Condensed Consolidated Financial Statements

March 31, 2013 and 2012

(Unaudited)

Note 1 – Basis of Presentation and Nature of Operations

The accompanying consolidated balance sheet as of December 31, 2012 has been derived from audited financial statements and the accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and the interim reporting requirements of Regulation S-X. The accompanying interim consolidated financial statements included herein have been prepared by E-Debit Global Corporation (the “Corporation”) without audit, pursuant to the rules and regulations of the Securities and Exchange Commission for reporting on Form 10-Q. In management's opinion, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation have been included. Certain information and footnote disclosure normally included in the financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted as allowed by such rules and regulations, and E-Debit Global Corporation believes that the disclosures are adequate to make the information presented not misleading. It is suggested that these financial statements be read in conjunction with the December 31, 2012 audited financial statements and the accompanying notes thereto contained in the Annual Report on Form 10-K filed with the Securities and Exchange Commission. While management believes the procedures followed in preparing these financial statements are reasonable, the accuracy of the amounts are in some respects dependent upon the facts that will exist, and procedures that will be accomplished by E-Debit Global Corporation later in the year. The results of operations for the interim periods are not necessarily indicative of the results of operations for the full year. In management’s opinion all adjustments necessary for a fair presentation of the Corporation’s financial statements are reflected in the interim periods included.

Westsphere Asset Corporation, Inc. (Corporation) was incorporated in Colorado on July 21, 1998 as Newslink Networks TDS, Inc. and changed its name to Westsphere Asset Corporation Inc. on April 29, 1999. On April 2, 2010, the Corporation officially changed its name to E-Debit Global Corporation.

On September 18, 2012, the Corporation amended its articles of incorporation to increase its authorized capital to Ten Billion (10,000,000,000) shares of no par value common stock and Two Hundred Million (200,000,000) of no par value preferred stock.

The Corporation’s primary business is the sale and operation of cash vending (ATM) and point of sale (POS) machines in Canada.

Note 2 – Recent Accounting Pronouncements

In March 2013, the Financial Accounting Standards Board ("FASB") issued new accounting guidance clarifying the accounting for the release of cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a non-profit activity or a business within a foreign entity. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2013. We do not anticipate that this adoption will have a significant impact on our financial position, results of operations or cash flows.

In February 2013, FASB issued new accounting guidance clarifying the accounting for obligations resulting from joint and several liability arrangements for which the total amount under the arrangement is fixed at the reporting date. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2013. We do not anticipate that this adoption will have a significant impact on our financial position, results of operations or cash flows.

A variety of proposed or otherwise potential accounting standards are currently under study by standard setting organizations and various regulatory agencies. Due to the tentative and preliminary nature of those proposed standards, management has not determined whether implementation of such proposed standards would be material to our consolidated financial statements.

Note 3 – Fair Value Measurements

The carrying amounts of current assets and current liabilities approximate fair value because of the short-term nature or the current rates at which the Corporation could borrow funds with similar remaining maturities. These fair value estimates are subjective in nature and involve uncertainties and matters of significant judgment, and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect these estimates. The Corporation does not hold or issue financial instruments for trading purposes, nor does it utilize derivative instruments.

The FASB ASC clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. It also requires disclosure about how fair value is determined for assets and liabilities and establishes a hierarchy for which these assets and liabilities must be grouped, based on significant levels of inputs as follows:

Level 2:

	Level 2:	Quoted prices in active markets for similar assets and liabilities and inputs that are observable for the asset or liability.
	Level 3:	Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

Note 4 - Restricted cash

The Corporation relies on a contractual agreement with Moneris Solution Corporation to settle daily ATM vault cash dispensements throughout our ATM Network into our bank account. The ATM vault cash will be settled to the cash owners within 24 hours turn around.

Note 5 - Accounts Receivable

Accounts receivable consists of amounts due from customers. The nature of the receivables consists of equipment sales, parts and accessories, and service provided. The Corporation considers accounts more than 180 days old to be past due, since the Corporation can withhold the transactions revenue owed to the customers should their receivables become past due. The account is deemed uncollectible and written off when the site locations are out of business and or in receivership. The Corporation uses the allowance method for recognizing bad debts. When an account is deemed uncollectible, it is written off against the allowance.

	March 31, 2013			December 31, 2012
Accounts Receivable
Equipment		-		$	597
Services		-			-
Other		47,383			60,607
		47,383		$	61,204

Less: Allowance for doubtful accounts		(22,515	)		(23,413	)
	$	24,868		$	37,791

The bad debt expense for the three months ended March 31, 2013 and March 31, 2012 totaled $0 and $0, respectively. The bad debt is reflected in the accompanying consolidated Statements of Operations as Other operating expenses.

Note 6 – Inventory

Inventory consists of the following elements:

	Quantity		Cost
December 31, 2012
ATM	27	$	68,628
Parts and accessories	-		-
Total		$	68,628

	Quantity		Cost
March 31, 2013
ATM	22	$	56,573
Parts and accessories	-		-
Total		$	56,573

Inventories are valued at the lesser of cost (on a first-in, first-out method) or net realizable value.

Note 7 – Property and Equipment

Property and equipment in service consists of the following elements:

	Cost		Accumulated Depreciation/ Amortization		Net Book Value		Depreciation Rate and Method
December 31, 2012 -
Office furniture and equipment	$	62,380	$	38,947	$	23,433	20% DB
Computer hardware and software		180,349		142,516		37,833	30% DB
ATM machines		210,627		47,789		162,838	30% DB
Other		7,494		6,408		1,086	Var
	$	460,850	$	235,660	$	225,190
March 31, 2013 -
Office furniture and equipment	$	61,023	$	39,353	$	21,670	20% DB
Computer hardware and software		183,284		145,047		38,237	30% DB
ATM machines		180,479		34,916		145,563	30% DB
Other		8,287		7,490		797	Var
	$	433,073	$	226,806	$	206,267

There are no leased ATMs included in the Corporation’s property and equipment for the three months ended March 31, 2013 and for the year ended December 31, 2012.

Depreciation and amortization have been provided in amounts sufficient to recover asset costs over their estimated useful lives. All components of property and equipment are being depreciated or amortized. Depreciation and amortization expense for the three months ended March 31, 2013 and March 31, 2012 totaled $30,108 and $29,870, respectively.

Note 8 – Deferred Costs/Intangible Assets

On the 9th of November 2007, E-Debit contracted with ACI Worldwide through its wholly owned subsidiary Westsphere Systems Inc. (WSI) to provide its ACI ‘Base 24 On Demand” (AOD) hosted solution for ATM and POS transaction acquiring where WSI shares responsibilities with ACI as the transaction processor. ACI hosts the processing environment which is set up to specific requirements as set out by WSI, which supports WSI ATM and POS devices, debit and credit transaction processing and card management requirement that is unique and scalable to WSI’s current and future requirements and not shared with other ACI customers. ACI supplies software acquisition, operation and maintenance, facilities, operations and environment development and maintenance and disaster recovery infrastructure and services; whereby WSI supports, authorizes and distributes all settlements and revenues distributions through its account maintenance software developed by WSI and specific to ACI On Demand processing platform.

As a result Westsphere Systems Inc. processed all transactions through its association with ACI hosted transaction processing solution eliminating the costs, restrictions, and potential risks of relying on third party processors.

The Corporation capitalized costs related to development of software totaling $168,690 in 2007. The Corporation is amortizing these costs over its expected life. E-Debit officially launched its switch in January 2009 and commenced rollover of ATMs to process all transactions through its association with ACI. The deferred costs were reclassified as intangible assets upon the completion of all the specific requirements including coding and testing in year 2009. The Corporation assessed the useful life of the intangible asset in relation to its five-year contract with ACI commencing November 2008. The Corporation also determined the technology may be outdated at the end of the term of the contract and an enhancement of the software may be required at that time.

Depreciation is calculated using a declining balance method.

Intangible assets consist of the following elements:

	Cost		Accumulated Amortization		Net Book Value		Depreciation Method
December 31, 2012 -
License – ACI	$	168,690	$	134,953	$	33,737	Straight-line
Patent		15,076		14,416		660	Straight-line
License – Paragon		18,319	$	8,790		9,529	Straight-line
	$	202,085	$	158,159	$	43,926
March 31, 2013 -
License – ACI	$	165,019	$	140,268	$	24,751	Straight-line
Patent		15,255		15,255		—	Straight-line
License – Paragon		17,920	$	10,928		6,992	Straight-line
	$	198,194	$	166,451	$	31,743

Depreciation and amortization have been provided in amounts sufficient to recover asset costs over their estimated useful lives. Depreciation and amortization expense for the year ended March 31, 2013 and March 31, 2012 totaled $8,292 and $9,325, respectively. This depreciation and amortization expense was part of the totals which are reflected in the accompanying consolidated statements of operations as Depreciation and amortization.

Expected future depreciation and amortization of the intangible assets are as follows:

Year	Amount

2013	$31,743

Note 9 – Loans Payable

In September 2007, Vencash entered into a loan agreement with an initial term of twelve months totaling $98,322 ($100,000 CDN) with an external arms-length investor, bearing interest at 12% per annum, with blended monthly payments of interest only of $983 ($1,000 CDN). The initial term may be automatically extended for further six (6) month terms (a “renewal period”) after the end of the initial term or terminated subject to mutual termination agreements. The investor must give a written notice not less than 90 days before the end of the initial term or renewal period, whichever the case may be, to not renew the loan agreement. Vencash must notify the investor not less than 60 days before the end of the initial term or renewal period, its intention to terminate the loan. Currently, no written notice has been received from the investor to Vencash or vice versa. The purpose of the loan is to supply vault cash to Vencash’s customer-owned ATM equipment and site locations. Vencash supplies vault cash to these site locations because its customers do not have sufficient vault cash for these site locations.

The loan amount has been forwarded to an armored car Corporation that supplies vault cash to these site locations. The armored car Corporation is accountable for the rotation of the cash and has signed a note receivable for the amount.

As of March 31, 2013, the balance is $98,322 ($100,000 CDN). This loan is included in the accompanying consolidated balance sheet as Loans payable.

In November 2007, Westsphere’s subsidiary Westsphere Systems Inc. (WSI) raised $127,104 ($131,000 CDN) through a loan agreement with an initial term of twenty-four months with an external arms-length investor, bearing interest at 12% per annum, with blended monthly payments of interest only of $1,288 ($1,310 CDN). The initial term may be automatically extended for further twelve month terms (a “renewal period”) after the end of the initial term or terminated subject to mutual termination agreements. The investor must give a written notice not less than 90 days before the end of the initial term or renewal period, whichever the case may be, to not renew the loan agreement. Vencash must notify the investor not less than 30 days before the end of the initial term or renewal period, its intention to terminate the loan. Currently, no written notice has been received from the investor to WSI or vice versa. The purpose of the loan was to fund the switch development project. In February 2010, the loan was reduced by $62,212 ($65,000 CDN) in exchange for 622,123 common shares at $0.10 per share. In May 2012, the loan was reduced by $981 ($998 CDN) in offsetting against the expenses. In September 2012, the loan was reduced by $59 ($60 CDN) in offsetting against the expenses. In December 2012, WSI recorded an accrued interest of $4,471 ($4,547 CDN). In March 2013, WSI recorded an accrued interest of $1,914 ($1,947 CDN). As of March 31, 2013, the balance is $70,237 ($71,436 CDN). This loan is included in the accompanying consolidated balance sheet as loans payable.

On December 20, 2011 the Corporation and its subsidiaries jointly and severally entered into a Demand Loan Agreement and related GSA with an investor for a loan of $196,643 ($200,000 CDN) at a prime lending rate of Canadian Prime plus four (4%) percent. Under the GSA, this debt is collateralized by all of the Corporation’s assets. Upon demand the Corporation has forty-five (45) days to repay the Demand Loan and interest. On October 24, 2012, the loan was repaid by $105,588 ($107,390 CDN). On December 5, 2012, the loan was repaid by $75,218 ($76,503 CDN). As of March 31, 2013, the balance is $15,837 ($16,107 CDN). This loan is included in the accompanying consolidated balance sheet as Loans payable.

On August 15, 2012 the Corporation and its subsidiaries jointly and severally entered into a Demand Loan Agreement and related GSA with an arms-length third party investor for a loan of $98,322 ($100,000 CDN) at a prime lending rate of Canadian Prime plus four (4%) percent. Under the GSA, this debt is collateralized by all of the Corporation’s assets. Upon demand the Corporation has forty-five (45) days to repay the Demand Loan and interest. In March 2013, E-Debit recorded an accrued interest of $1,836 ($1,868 CDN). As of March 31, 2013, the balance is $100,158 ($101,868 CDN). This loan is included in the accompanying consolidated balance sheet as Loans payable.

Note 10 – Commitments and Contingencies

The Corporation leases real estate (office and warehouse space) under non-cancellable operating leases that expire on varying dates through 2014.

The Corporation leases additional real estate (office and warehouse space) for an “Initial Term” commencing June 1, 2010 on a month to month basis. The Corporation may renew the Lease on a monthly basis by giving notice to the Landlord.

The Corporation also has various obligations for auto and equipment leases through 2016.

The Corporation’s real estate leases are with an affiliated Corporation that is controlled by the Corporation’s president.

Minimum future rental payments under non-cancellable operating leases having remaining terms in excess of one year are as follows:

	Real Estate		Other
2013	$	52,872	$	8,300
2014	$	11,742	$	11,583
2015	$	—	$	6,953
2016	$	—	$	2,319

	March 31, 2013	December 31, 2012
Rental expense	$27,005	$96,602

The Corporation leases telephone equipment under a non-cancellable capital lease commencing January 2011 and expiring in May 2015 with the option to purchase at the expiration of the 48 month lease term. As of March 31, 2013, the cost of telephone equipment under capital lease at the Corporation is $21,468 with accumulated amortization of $8,415.

Minimum future capital lease payments under non-cancellable capital lease having remaining terms in excess of one year are as follows:

	Capital Lease
2013	$	5,008
2014	$	6,648
2015	$	2,216

On May 28, 2004 Peter Gregory filed an action in the Ontario Superior Court of Justice against Vencash Capital Corporation. Peter Gregory was a former Vencash distributor and agent who filed the action related to a claim of wrongful dismissal from Vencash for $260,000 (CDN). On July 30, 2004 Vencash filed a Statement of Defence and Counterclaim in the amount of $1,600,000 for breach of contract, breach of confidence, breach of fiduciary duties, interference with economic relations, damages for inducing breach of contract, and punitive damages. The Corporation believes the claim by Gregory to be without merit. In January 2012, the Corporation received a copy of notice of garnishment from our bank institution against Vencash’s bank account for the total amount not to exceed $31,649 CDN. The Corporation did not receive the notification for the judgement and is presently seeking legal advice. This notice was rescinded by the bank upon delivery. As of April 2013 the Corporation has not been contacted further relating to the action initiated by Gregory. The Corporation is currently reviewing the related correspondence and is in consultation with legal counsel and upon completion of the review will respond to any further action initiated by Gregory in this regard.

On January 25, 2009, Victory ATM filed an action in the Nova Scotia Superior Court against Vencash Capital Corporation. Victory ATM was formerly a customer of Vencash distributor Bullion Investments Inc. and claimed that supplied vault cash to a contracted armoured car Corporation had been misappropriated for a total of approximately $45,000 CDN. The Corporation has filed a statement of defense stating that Vencash had no care control or access to the vault cash supplied by Victory ATM and the only role that Vencash played was processing the Victory ATM transactions in their designated site locations. The Corporation believes the claim by Victory ATM to be without merit and has not accrued a liability for the claim. As of April 2013 the Corporation has not been contacted further and per our knowledge no court actions have been initiated to date. Our Nova Scotia legal counsel has advised that she will continue to monitor this situation and upon discussion with Victory ATM legal counsel will make application to the courts to have the claim initiated against Vencash terminated.

On December 11, 2012, Mainland Investments, Inc. and Research Driven Investor, LLC filed an action in the Alberta Court of Queen’s Bench against E-Debit Global Corporation, E-Debit’s officers, and various other parties. Mainland Investment Inc. and Research Driven Investor, LLC (RDI) (specialized investor relations firms) claimed for a total of $150,000 CDN related to an alleged investor relations consulting agreement between RDI and the Corporation. On February 4, 2013, the Corporation and E-Debit’s officers have filed a statement of defense denying that there had ever existed an agreement between RDI and E-Debit. The Corporation has a signed Investor Relations Consulting Agreement with Open Waters Investments Inc. (OWI) and deny that OWI ever had authority to enter into written or oral agreement with RDI on behalf of E-Debit, or that E-Debit ever contractually agreed to or represented that it had appointed RDI as its advisor. The Corporation believes the claim by Mainland Investments, and Research Drive Investor, LLC to be without merit and has not accrued a liability for the claim. As of April 2013 the Corporation has not been contacted further and per our knowledge no court actions have been initiated to date. The Corporation is currently reviewing the related correspondence and is in consultation with legal counsel and upon completion of the review will respond to any further action initiated by Mainland Investments, Inc. and Research Driven Investor, LLC in this regard.

On December 14, 2012, Trans-Armored Canada Inc. filed an action in the Nova Scotia Superior Court against Westsphere Systems Inc. (WSI). Trans-Armored Canada Inc. (TAC) was formerly a contracted armoured car Corporation to deliver vault cash to site locations and claimed for a total outstanding debt of $34,325 CDN. As set out in the 15th of August 2007 TAC/Vencash Agreement, the Corporation’s President and Chief Executive Officer sits as a member of the board of directors and represents 50% of TAC’s board of directors. The Corporation is currently reviewing the related correspondence and is in consultation with legal counsel to file a statement of defense. The Corporation has released what it believes to be the full and final payment to TAC in May 2012 where the Corporation and TAC mutually agreed to offset the full amount of deposit due from TAC against the accounts payable owed to TAC. The Corporation believes the claim by Trans-Armored Canada Inc. to be without merit and has not accrued a liability for the claim. As of April 2013 the Corporation has not been contacted further and per our knowledge no court actions have been initiated to date. The Corporation is currently reviewing the related correspondence and is in consultation with legal counsel and upon completion of the review will respond to any further action initiated by Trans-Armored Canada Inc. in this regard.

Since 2009, Interac, MasterCard and VISA have mandated a hardware and software security upgrade for ATMs, Debit Terminals and the Corporation’s Switch.

Security upgrades are required under Interac, MasterCard, and VISA rules. These upgrades include the requirements to have:

(a)	EMV (Europay, MasterCard, VISA) certified chip card (the replacement technology for the historical magnetic stripe cards)software/readers, and

(b)

network approved encrypted PIN pad ("EPP") devices, installed on all ATMs and debit terminals: thereby providing the ability to accept EMV chip card transactions. This has required and will also require further upgrading the Corporation’s Switch to process EMV chip card transactions, and adding additional encryption methods to Corporations managed ATMs and Debit terminals, Triple DES Encryption.

The Corporation’s understanding of the deadlines mandated by Interac and MasterCard for conversion of ATMs and debit terminals (i.e. to read the EMV microchip on a card rather than a magnetic stripe) are as follows:

(a)	50% of all ATMs must be upgraded with an EMV certified chip pin entry device by December 31, 2011 and 100% of ATMs must be upgraded by December 31, 2012;

(b)	35% of debit terminals must be upgraded with an EMV certified chip pin entry device by December 31, 2010, 60% must be converted by December 31, 2012, and 100% must be upgraded by December 31, 2015.

VISA's rule changes do not require a switch to the new technology by any particular date. However, both MasterCard and VISA rules provide that after March 31, 2011, certain liabilities (i.e. in respect of transaction errors or frauds) will be reallocated to industry participants who are still accessing the MasterCard and VISA networks using non-upgraded equipment, cards or software.

In addition to the security upgrades to ATM and Debit Terminals, in order to access Interac, cards (i.e. the debit cards issued by financial institutions) must be upgraded (i.e. reissued) to have EMV chips installed: 65% by December 31 2011 and 100% by December 31, 2012.

The result of non-compliance can include penalties, fines, sanctions and contractual penalties by the applicable Network(s) and ultimately disconnection of the ATM and Debit Terminal device or card from the Network for failure to comply by the end dates. The Corporation will be investing maintenance capital and upgrading its IT department to meet these upgrade deadlines. The Corporation’s customers who own their own equipment are encouraged to make the necessary changes to their equipment and in some cases the Corporation has the contractual right to make the necessary changes for the customer (and charge the customer for the cost of the change).

Management believes that the Corporation and/or its subsidiaries are in compliance with EMV requirements.

Note 11 – Related Party transactions

Investment, at cost:

In October 2010, E-Debit decided to sell 41 common shares (41%) of the issued and outstanding shares held in its wholly owned subsidiary, 1105725 Alberta Ltd. o/a Personal Financial Solutions (PFS) at $1.00 per share. The common shares were sold to a number Corporation that is controlled by an officer of E-Debit. The purchaser agrees that the current outstanding advances made to the Corporation by E-Debit will remain outstanding and owed by the related party to E-Debit. As a result of the sale transaction, E-Debit remains a 10% shareholder in Personal Financial Solutions. PFS has had no active business activities for the last four years. The 10% or $10 interest in Personal Financial Solutions is reflected in the accompanying consolidated balance sheet as investment, at cost.

In May 2011, E-Debit decided to sell 90 common shares (90%) of the issued and outstanding shares held in its wholly owned subsidiary, Cash Direct Financial Services Ltd. (CDF) at $1.00 per share. The common shares were sold to a number Corporation that is controlled by the president of E-Debit. The purchaser agreed that the current outstanding advances made to Cash Direct by the Corporation will remain outstanding and owed by the related party to E-Debit. As a result of the sale transaction, E-Debit remains a 10% shareholder in Cash Direct Financial Services. CDF commenced the sale of ATMs in 2012. The 10% or $10 interest in Cash Direct Financial Services is reflected in the accompanying consolidated balance sheet as investment, at cost.

On December 13, 2012, Group Link Inc. (“Group Link”) was incorporated under the laws of the Province of Alberta as the foundation of the re-establishment of our nationwide distribution network, which in the past allowed for our presence in the Canadian marketplace.

The Corporation is the majority shareholder of Group Link holding 55% of the issued and outstanding common stock of the Corporation. The Corporation’s Chief Executive Officer is Group Link’s Chief Executive Officer and Director and holds personally 15% of the issued and outstanding common stock of Group Link. E-Debit’s Chief Operating Officer is a Director and personally holds 10% of the issued and outstanding common stock of Group Link. Group Link’s President and Group Link’s Chief Development Officer both are Directors of Group Link and each hold 10% of the issued and outstanding common stock of the Group Link. Group Link has had no active business activities since its incorporation in December 2012.

Other receivable – related parties:

The other receivable – related parties was from the sale transaction of 41% of the subsidiary 1105725 Alberta Ltd. o/s Personal Financial Solutions (PFS) in October 2010 and sale transaction of 90% of the subsidiary Cash Direct Financial Services Ltd. (CDF) in May 2011, and sale transactions to E-Debit’s directors.

As of March 31, 2013 and December 31, 2012, the Corporation setup an allowance for doubtful collections of $62,669 and $52,746 respectively for the related parties’ receivables, as collection was unknown.

The following table summarizes the Corporation’s others receivable from related parties’ transactions as of March 31, 2013 and December 31, 2012:

	2013			2012
1105725 Alberta Ltd. o/a Personal Financial Solutions	$	39,288		$	40,162
Cash Direct Financial Services Ltd.		12,310			12,584
Trans Amored Canada		11,071			7,922
Accounts receivable – directors		12,746			8,613
	$	75,415		$	69,281

Less: Allowance for doubtful accounts		(62,669	)		(52,746	)

	$	12,746		$	16,535

The current outstanding advances are reflected in the accompanying consolidated balance sheet as other receivable – related parties and totaled $12,746 and $16,535, respectively, at March 31, 2013 and December 31, 2012.

Real estate leases:

The Corporation’s real estate leases are with an affiliated Corporation that is controlled by the Corporation’s president.

The Corporation leases real estate (office and warehouse space) under non-cancellable operating leases that expire on varying dates through 2014. The monthly lease payment is $5,925 ($5,971 CDN).

Minimum future rental payments under non-cancellable operating leases having remaining terms in excess of one year are as follows:

	Real Estate
2013	$52,872
2014	$11,742
2015	$ —
2016	$ —

	March 31, 2013	December 31, 2012
Rental expense	$27,005	$96,602

Residual and interchange costs:

The following table summarizes the amounts paid by the Corporation for residual and interchange fees to related parties for the three months ended March 31, 2013:

Payable to:	March 31, 2013
Three affiliated companies that are controlled by E-Debit’s President.	$	4,109
An affiliated Corporation that is controlled by E-Debit’s vice President.	$	2,091
An affiliated Corporation that is controlled by E-Debit’s director.	$	608
An affiliated Corporation that is controlled by E-Debit’s director.	$	59
Total	$	6,867

The residual and interchange paid to related parties are in accordance with the contracts with their distributorship. The above payments are reflected in the accompanying consolidated statements of operations as residual and interchange costs.

Indebtedness to related parties:

The Corporation expensed $24,486 ($24,675 CDN) during the first quarter 2013 for consulting and management services to an affiliated Corporation that is controlled by the Corporation’s president. This expense is reflected in the accompanying consolidated Statements of Operations as a Consulting fees.

In February 2011, the Corporation and its subsidiary, Westsphere Systems Inc., jointly signed the General Security Agreement (GSA) for the current debts owed to related parties and shareholders. The Corporation has requested that the related parties and shareholders individually or collectively advance loans up to one million five hundred thousand ($1,500,000) dollars in Canadian Funds to the Corporation. The loans are due “On Demand” with initial thirty-six months (36) terms which can be renewed from the date initial funds were advanced. The interest rate is Eight (8%) percent per year and is payable quarterly. Under the GSA, these debts are collateralized by the Corporation’s Accounts Receivables, Inventory, Equipment, Intangibles, Leasehold, Real and Immovable Property, and Proceeds.

In December 2011, the Corporation and its subsidiaries jointly and severally, signed a General Security Agreement (GSA) as well as loan agreements related to the loan from an investor for $200,000. As a result the aforementioned GSA dated February 2011 was cancelled in order that this new loan and GSA could be filed in priority to other loans advance to the Corporation by related parties.

Upon completion of the first party claim related to the December loan and GSA the Corporation and its subsidiaries jointly and severally signed a GSA for the current debts owed to related parties and shareholders. The Corporation has requested that the related parties and shareholders individually or collectively advance loans up to one million seven hundred and fifty thousand ($1,750,000) dollars in Canadian Funds to the Corporation. The loans are due “On Demand” with initial thirty-six months (36) terms which can be renewed from the date initial funds were advanced. The interest rate is Eight (8%) percent per year and is payable quarterly. Under the GSA, these debts are collateralized by the Corporation’s Accounts Receivables, Inventory, Equipment, Intangibles, Leasehold, Real and Immovable Property, and Proceeds.

The total amount owed to related parties (consist of indebtedness to related parties and shareholder loans) as of March 31, 2013 is $1,863,675. The remaining credit available to be drawn against related to this GSA and Line of Credit is $0.

The following table summarizes the Corporation’s indebtedness to related parties’ transactions as of March 31, 2013 and December 31, 2012:

Payable to:	March 31, 2013		December 31, 2012		Terms/Maturities	Interest Rate
A loan advanced from E-Debit’s President for working capital.	$	99,062	$	95,674	Demand loans	8% per annum
A loan advanced from an affiliated Corporation that is controlled by E-Debit’s President for working capital.		931,892		867,701	Demand loans	8% per annum
A loan advanced from E-Debit’s vice President for working capital.		9,453		8,521	Demand loans	8% per annum
A loan advanced from E-Debit’s officers for working capital.		14,883		6,421	Demand loans	8% per annum
A loan advanced from E-Debit’s directors for working capital.		91,360		89,353	Demand loans	8% per annum
A loan advanced from E-Debit’s director for working capital.		199,561		208,926	Demand loans	No interest
Officers’ and Directors’ bonuses payable carried forward from year 2002		29,773		33,611	Demand loans	No interest
A loan advanced from an affiliated Corporation that is controlled by E-Debit’s President for working capital.		201,319		207,394	Demand loans	No interest
Total	$	1,577,303	$	1,517,601

The indebtedness to related parties as of March 31, 2013 consists of loans that are payable on demand by the related parties. The interest rate is Eight (8%) percent annually calculated and paid quarterly attached to the related party loans. There is no interest attached to a loan advanced from E-Debit’s director of $199,561, the Officers’ and Directors’ bonuses payable carried forward from year 2002 of $29,773, and the loan advanced from an affiliated company that is controlled by E-Debit’s President for working capital of $201,319. The above obligations are reflected in the accompanying consolidated balance sheet as indebtedness to related parties.

The indebtedness to related parties as of December 31, 2012 consists of loans that are payable on demand by the related parties. The interest rate is Eight (8%) percent per year and is payable quarterly. There is no interest attached to a loan advanced from E-Debit’s director of $208,926, the Officers’ and Directors’ bonuses payable carried forward from year 2002 of $33,611, and the loan advanced from an affiliated Corporation that is controlled by E-Debit’s President for working capital of $207,394 at December 31, 2012. The above obligations are reflected in the accompanying consolidated balance sheet as indebtedness to related parties.

Note 12 – Shareholder loans

In December 2011, the Corporation and its subsidiaries jointly and severally signed the General Security Agreement (GSA) for the current debts owed to related parties and shareholders. The Corporation has requested that the related parties and shareholders individually or collectively advance loans up to one million seven hundred and fifty thousand ($1,750,000) dollars in Canadian Funds to the Corporation. The terms of loans are “On Demand” with initial thirty-six months (36) terms which can be renewed from the date initial funds were advanced. The interest rate is Eight (8%) percent annually calculated and paid quarterly. Under the GSA, these debts are collateralized by the Corporation’s Accounts Receivables, Inventory, Equipment, Intangibles, Leasehold, Real and Immovable Property, and Proceeds.

The following table summarizes the Corporation’s shareholder loans transactions as of March 31, 2013 and December 31, 2012:

Payable to:	March 31, 2013		December 31, 2012		Terms/Maturities	Interest Rate
A loan advanced from E-Debit’s vice President for working capital.		54,077		55,280	Demand loans	8% per annum
A loan advanced from E-Debit’s directors for working capital.		139,381		142,481	Demand loans	8% per annum
A loan advanced from E-Debit’s vice President for working capital.		43,753		44,726	Demand loans	12% per annum
A loan advanced from E-Debit’s shareholder for working capital.		49,161		50,254	Demand loans	9% per annum
Total	$	286,372	$	292,741

E-Debit’s shareholder loans as of March 31, 2013 are related to cash advanced from E-Debit’s vice president total $54,077 and the directors total $139,381 have an interest rate of 8% per annum calculated and paid quarterly with no specific terms of repayment. The remaining balance of shareholder loans totaling $92,914 consist of a loan advance from E-Debit’s vice president totaling $43,753 with an interest rate of 12% per annum and no specific terms of repayment, and a loan advance from a shareholder of $49,161 with an interest rate of 9% per annum and no specific terms of repayment. The above obligations are reflected in the accompanying consolidated balance sheet as shareholder loans.

E-Debit’s shareholder loans as of December 31, 2012 are related to cash advanced from E-Debit’s vice president total $55,280 and the directors total $142,481 have an interest rate of 8% per annum calculated and paid quarterly with no specific terms of repayment. The remaining balance of shareholder loans totaling $94,980 consist of a loan advance from E-Debit’s vice president totaling $44,726 has an interest rate of 12% per annum with no specific terms of repayment, and a loan advance from a shareholder of $50,254 has an interest rate of 9% per annum with no specific terms of repayment. The above obligations are reflected in the accompanying consolidated balance sheet as shareholder loans.

Note 13 – Subsequent Events

The Company has evaluated events subsequent to March 31, 2013 and through the date the financial statements were available to be issued to assess the need for potential recognition or disclosure in this report. No events were noted that require recognition or disclosure in these financial statements.

Note 14 – Going Concern

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Corporation as a going concern. The Corporation has recurring net losses from operations, and had a working capital deficit and a stockholders’ deficit at March 31, 2013 and December 31, 2012. These conditions raise substantial doubt as to the Corporation's ability to continue as a going concern. These financial statements do not include any adjustments that might result from the outcome of this uncertainty. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might be necessary should the Corporation be unable to continue as a going concern.

Management recognizes that the Corporation must generate additional resources to enable it to continue operations. Management intends to raise additional funds through debt financing and equity financing or through other means that it deems necessary, with a view to moving forward and sustaining a prolonged growth in its strategy phases. However, no assurance can be given that the Corporation will be successful in raising additional capital. Management’s plans also include restructuring and reorganizing its subsidiaries to save costs. Furthermore, management is in the process of negotiations with a third party investor to potentially sell part or all of the Corporation’s ATM estate. In addition, there is no demand for payment on the accounts payable to related parties of $1,577,303 and shareholder loans of $286,372 as these liabilities are owed to internal officers and directors. Further, even if the Corporation raises additional capital, there can be no assurance that the Corporation will achieve profitability or positive cash flow. If management is unable to raise additional capital and expected significant revenues do not result in positive cash flow, the Corporation will not be able to meet its obligations and may have to cease operations.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Current Corporate Structure – March 31, 2013

E-DEBIT GLOBAL CORPORATION

Subsidiaries CDN	Subsidiaries CDN	Subsidiaries US
Vencash Payment Solutions Inc.	Westsphere Capital Group Ltd.	Vencash Financial Systems Inc. (US)
100%	100%	100%
“Active”	“Inactive”	“Inactive”

Westsphere Systems Inc.	Vencash Capital Corporation
100%	100%
“Active”	“Inactive”

E Debit International Inc.	Group Link Inc.
100%	55%
“Active”	“Inactive”

	Active = with business activity
	Inactive = no business activity

Plan of Operations

During the three (3) month period of operations ended March 31, 2013, E-Debit and its subsidiaries generated a net loss of $272,103, while a net loss of $308,076 was realized for the same period from the previous year. The decrease in net loss of $35,973 over the same period from the previous year was mainly caused by a decrease in consulting fees of $8,457, a decrease in legal and accounting fees of $33,439, a decrease in salaries and benefits of $6,766, a decrease in other operating expense of $32,081, and a decrease in interest expense of $10,013. The decrease in net loss is partially offset against a decrease in gross profit of $58,786 over the same period from the previous year.

The decrease in consulting fees was caused by a decrease adjustment in the monthly consulting fee contract effective May 2012.

The decrease in legal and accounting fees was mainly due to the increased audit work performed in 2012 for year ended December 31, 2010.

The decrease in salaries and benefits was caused by an elimination of two positions during year 2012: a sales consultant and a receptionist.

The decrease in other operating expense was mainly caused by a decrease in bad debt expense of $18,102, a decrease in office supplies of $4,389, and a decrease in telephone expense of $4,719.

The decrease in interest expense was due to a repayment of loans to related parties during year 2012.

The decrease in gross profit of $58,786 was primarily caused by a decrease in residual and interchange income of $321,024. The decrease is partially offset against a decrease in residual and interchange costs of $241,760 and a decrease in other cost of sales of $23,558.

The decrease in residual and interchange income was mainly caused by the sale of a majority of the Corporation’s ATMs site location contracts to an investor during the year 2012.

At this date, 130 ATMs are being processed by WSI’s switch. The number of ATMs being processed during the year 2013 has been decreased as compared to 545 ATMs processed in the prior year. The decrease is mainly caused by the sale of a majority of the Corporation’s ATMs site location contracts to an investor during the year 2012.

In April 2013, the Corporation is in the process of restructuring and reorganization of its subsidiaries to save costs and ensuring the Corporation’s ability to continue as a going concern.

E-Debit and its subsidiaries currently do not generate sufficient revenues to meet overhead needs. This is due to E-Debit switch operations which were launched in January 2009 and commencing rollover of ATMs to process all transactions. The switch operations currently do not generate sufficient revenue to cover its expenses. In addition, E-Debit continues to experience a steady decrease in gross profit mainly due to the sale of the majority of ATMs site location contracts during the year 2012. Management recognizes that the Corporation must generate additional resources to enable it to continue operations. Management intends to raise additional funds through debt financing and equity financing or through other means that it deems necessary, with a view to moving forward and sustaining a prolonged growth in its strategy phases. However, no assurance can be given that the Corporation will be successful in raising additional capital.

The Corporation believes that the Corporations subsidiaries upon restructuring, reorganization and consolidation combined with continued investment from related parties and outside investors will continue to produce sufficient ongoing funding to meet its current and future financial requirements. The completion of the reorganization and restructuring is expecting to be completed by the second quarter 2013.

Changes in Financial Position

During the three (3) month period ending March 31, 2013, total assets increased from $636,246 to $1,173,160. The increase is primarily due to an increase in restricted cash of $611,476.

The increase in restricted cash was mainly caused by the surcharge and interchange settlement owed to customers as of March 31, 2013. These surcharge and interchange settlements were returned to the customers on April 1, 2013.

As of March 31, 2013, E-Debit’s current liabilities consisted of accounts payable of $1,110,804, accrued liabilities of $97,695, loans payable of $284,554, indebtedness to related parties of $1,577,303, and shareholder loans of $286,372.

Accounts payable and accrued liabilities include a payable of $28,659 for the return of surcharge and interchange; the return of switch vault cash of $805,056; legal and accounting fees of $57,648; switch and hosting fees of $167,360; contingent expense of $31,118; accrued vacation payable of $8,614; investors deposits of $8,912; and $101,132 due for consulting services, office expenses and various other general fees and charges.

The loan amount has been forwarded to an armored car company that supplies vault cash to these site locations. The armored car company is accountable for the rotation of the cash and has signed a note receivable for the amount.

As of March 31, 2013, the balance is $98,322 ($100,000 CDN). This loan is included in the accompanying consolidated balance sheet as Loans payable.

The following table summarizes the Corporation’s indebtedness to related parties’ transactions as of March 31, 2013:

Payable to:	March 31, 2013		Terms/Maturities	Interest Rate
A loan advanced from E-Debit’s President for working capital.	$	99,062	Demand loans	8% per annum
A loan advanced from an affiliated Corporation that is controlled by E-Debit’s President for working capital.		931,892	Demand loans	8% per annum
A loan advanced from E-Debit’s vice President for working capital.		9,453	Demand loans	8% per annum
A loan advanced from E-Debit’s officers for working capital.		14,883	Demand loans	8% per annum
A loan advanced from E-Debit’s directors for working capital.		91,360	Demand loans	8% per annum
A loan advanced from E-Debit’s director for working capital.		199,561	Demand loans	No interest
Officers’ and Directors’ bonuses payable carried forward from year 2002		29,773	Demand loans	No interest
A loan advanced from an affiliated Corporation that is controlled by E-Debit’s President for working capital.		201,319	Demand loans	No interest
Total	$	1,577,303

The indebtedness to related parties consists of loans that are payable on demand by the related parties. The interest rate is Eight (8%) percent annually calculated and paid quarterly attached to the related party loans. There is no interest attached to a loan advanced from E-Debit’s director of $199,561, the Officers’ and Directors’ bonuses payable carried forward from year 2002 of $29,773, and the loan advanced from an affiliated company that is controlled by E-Debit’s President for working capital of $201,319. The above obligations are reflected in the accompanying consolidated balance sheet as indebtedness to related parties.

The following table summarizes the Corporation’s shareholder loans transactions as at March 31, 2013:

Payable to:	March 31, 2013		Terms/Maturities	Interest Rate
A loan advanced from E-Debit’s vice President for working capital.		54,077	Demand loans	8% per annum
A loan advanced from E-Debit’s directors for working capital.		139,381	Demand loans	8% per annum
A loan advanced from E-Debit’s vice President for working capital.		43,753	Demand loans	12% per annum
A loan advanced from E-Debit’s shareholder for working capital.		49,161	Demand loans	9% per annum
Total	$	286,372

E-Debit’s shareholder loans related to cash advanced from E-Debit’s vice president total $54,077 and the directors total $139,381 have an interest rate of 8% per annum calculated and paid quarterly with no specific terms of repayment. The remaining balance of shareholder loans totaling $92,914 consist of a loan advance from E-Debit’s vice president totaling $43,753 has an interest rate of 12% per annum with no specific terms of repayment, and a loan advance from a shareholder of $49,161 has an interest rate of 9% per annum with no specific terms of repayment. The above obligations are reflected in the accompanying consolidated balance sheet as shareholder loans.

Shareholders’ deficit as of March 31, 2013 was negative $2,183,568, including an accumulated loss from operations of $6,656,370, as compared to shareholders deficit of $1,956,157 as of December 31, 2012. The increase in shareholders’ deficit of $227,411 was primarily due to the current year deficit of $272,103. The increase is partially offset against an increase in accumulated other comprehensive income of $44,692.

Total issued and outstanding share capital as of April 22, 2013 was 320,046,834 common shares and 81,518,410 preferred shares.

Liquidity and Capital Resources

Summary of Working Capital and Stockholders' Equity

As of March 31, 2013, the Corporation had a working capital deficit of $2,421,598 and Stockholders' Deficit of $2,183,568 compared with a working capital deficit of $2,225,293 and Stockholders' Deficit of $1,956,157 as of December 31, 2012. The Corporation’s working capital deficit has increased principally as a result of an increase in accounts payable of $713,816 and an increase in indebtedness to related parties of $59,702. The increase in working capital deficit is partially offset against the increase in restricted cash of $611,476.

The increase in indebtedness to related parties was from E-Debit’s directors and officers advances of working capital to support E-Debit operations.

Stockholders' Deficit increased as a result of a net loss of $272,103 for the three (3) months ended March 31, 2013. The increase is partially offset against an increase in accumulated other comprehensive income of $44,692.

The Corporation’s consolidated operations during the three (3) month period resulted in the use of net cash of $144,380, compared to the use of net cash in the amount of $301,729 during the same period from the previous year. The decrease in the use of net cash flow from operations was primarily the result of the decrease in net loss from operation of $35,973 and an increase in accounts payable and accrued liabilities of $471,422. The increase in the use of net cash flow from operations is partially offset against an increase in restricted cash of $360,841.

Investing activities during the three (3) month period resulted in the use of net cash of $6,859 which was primarily caused by the purchase of equipment to support the switch operations.

Financing activities during the three (3) month period resulted in the provision of net cash of $92,722 which was primarily caused by the proceeds from loans of $82,761, the cash advances from directors and officers to support the switch operations and general and administrative costs of $39,384. The provision of net cash is partially offset against a repayment of loans to directors and officers of $29,423.

Liquidity

E-Debit and its subsidiaries currently do not generate sufficient revenues to meet overhead needs. This is due to E-Debit switch operations which was launched in January 2009 and commencing rollover of ATMs to process all transactions. The switch operations currently do not generate sufficient revenue to cover its expenses. The shortages of funds, recurring losses, and stockholders’ deficit raise substantial doubt as to the Corporation’s ability to continue as a going concern.

E-Debit expects that its need for liquidity will increase in 2013 in anticipation of expending funds to meet the security upgrade plan. The security upgrades are required under Interac, MasterCard, and VISA rules. These upgrades include the requirements to have:

(a)	EMV (Europay, MasterCard, VISA) certified chip card (the replacement technology for the historical magnetic stripe cards) software/readers, and

(b)

network approved encrypted PIN pad ("EPP") devices, installed on all ATMs and debit terminals thereby providing the ability to accept EMV chip card transactions. This has required and will also require further upgrading the Corporation’s Switch to process EMV chip card transactions, and adding additional encryption methods to Corporations managed ATMs and Debit terminals, Triple DES Encryption.

In order to meet its growth plan, E-Debit will continue to be dependent on equity funds raised, joint venture arrangements and/or loan proceeds. E-Debit believes that it will continue as a going concern with the present revenues from its subsidiary Vencash Payment Solutions Inc and Westsphere Systems Inc., but it would be unable to meet its market growth projections without further funding outside of the ongoing revenue from operations of Vencash Payment Solutions Inc. and Westsphere Systems Inc. However, no assurance can be given that the Corporation will be successful in raising additional capital. Further, even if the Corporation raises additional capital, there can be no assurance that the Corporation will achieve profitability or positive cash flow. If management is unable to raise additional capital and expected significant revenues do not result in positive cash flow, the Corporation will not be able to meet its obligations and may have to cease operations.

Capital Resources

The primary capital resources of E-Debit are its consolidated business operations as well as equity funds raised, joint venture arrangements and/or loan proceeds.

Off-Balance Sheet Arrangements

The Corporation does not have any off-balance sheet arrangements.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

N/A

ITEM 4. CONTROLS AND PROCEDURES

The Corporation's Chief Executive Officer, Mr. Douglas Mac Donald, and its Chief Financial Officer, Mr. Kim Law, have implemented the Corporation's disclosure controls and procedures to ensure that material information relating to the Corporation is made known to Mr. Mac Donald and Mr. Law. These executive officers have evaluated the effectiveness of the Corporation's disclosure controls and procedures as of March 31, 2013 (the “Evaluation Date”).

Based on such evaluation, Messrs. Mac Donald and Law have concluded that, as of the Evaluation Date, the Corporation's disclosure controls and procedures are effective in alerting them on a timely basis to material information relating to the Corporation that is required to be included in our reports filed or submitted under the Securities Exchange Act of 1934. Moreover, there were no significant changes in internal controls or in other factors that have materially affected or are reasonably likely to materially affect the Corporation’s internal controls over financial reporting during the three months ended March 31, 2013.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

There are no changes since the filing of the 10K on December 31, 2012.

ITEM 1A. RISK FACTORS

N/A

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

N/A

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS

(a) The following exhibits are filed with this report.

31.1 Certification by Chief Executive Officer pursuant to Sarbanes Oxley Section 302.

31.2 Certification by Chief Financial Officer pursuant to Sarbanes Oxley Section 302.

32.1 Certification by Chief Executive Officer pursuant to 18 U.S. C. Section 1350

32.2 Certification by Chief Financial Officer pursuant to 18 U.S. C. Section 1350

101 Interactive Data Files

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

E-DEBIT GLOBAL CORPORATION

By: /s/ Douglas MacDonald

Name: Douglas MacDonald

Title: President

Date: May 6, 2013

By: /s/ Kim Law

Name: Kim Law

Title: Principal Financial Officer and Accounting Officer

Date: May 6, 2013

Shareholder loans (Details) (USD $)			1 Months Ended
Shareholder loans (Details) (USD $)	Mar. 31, 2013	Dec. 31, 2012	Dec. 31, 2011 Related Parties and Shareholders Individually or Collecively Advance Loans [Member]	Feb. 28, 2011 Related Parties and Shareholders Individually or Collecively Advance Loans [Member]	Mar. 31, 2013 Loan Advanced from E-Debit's Vice President at 8% for Working Capital [Member] Demand Loan [Member]	Dec. 31, 2012 Loan Advanced from E-Debit's Vice President at 8% for Working Capital [Member] Demand Loan [Member]	Mar. 31, 2013 Loan Advanced from E-Debit's Directors at 8% for Working Capital [Member] Demand Loan [Member]	Dec. 31, 2012 Loan Advanced from E-Debit's Directors at 8% for Working Capital [Member] Demand Loan [Member]	Mar. 31, 2013 Loan Advanced from E-Debit's Vice President at 12% for Working Capital [Member] Demand Loan [Member]	Dec. 31, 2012 Loan Advanced from E-Debit's Vice President at 12% for Working Capital [Member] Demand Loan [Member]	Mar. 31, 2013 Loan Advanced from E-Debit's Shareholder 9% for Working Capital [Member] Demand Loan [Member]	Dec. 31, 2012 Loan Advanced from E-Debit's Shareholder 9% for Working Capital [Member] Demand Loan [Member]
Debt Instrument [Line Items]
Incremental amount of advance loans			$ 1,750,000	$ 1,500,000
Interest rate			8.00%	8.00%	8.00%	8.00%	8.00%	8.00%	12.00%	12.00%	9.00%	9.00%
Loans due to shareholders	$ 286,372	$ 292,741			$ 54,077	$ 55,280	$ 139,381	$ 142,481	$ 43,753	$ 44,726	$ 49,161	$ 50,254

Related Party transactions (Real estate leases) (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)	Mar. 31, 2013 Real Estate [Member] USD ($)	Mar. 31, 2013 Office And Warehouse [Member] USD ($)	Mar. 31, 2013 Office And Warehouse [Member] CAD	Mar. 31, 2013 President and Affiliated Company [Member] Real Estate [Member] USD ($)	Mar. 31, 2013 President and Affiliated Company [Member] Real Estate [Member] CAD
Related Party Transaction [Line Items]
Monthly lease payment				$ 3,076	3,100	$ 5,925	5,971
2013			52,872
2014			11,742
2015
2016
Rental expense	$ 27,005	$ 96,602

Recent Accounting Pronouncements	3 Months Ended
Recent Accounting Pronouncements	Mar. 31, 2013
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	Note 2 - Recent Accounting Pronouncements In March 2013, the Financial Accounting Standards Board ("FASB") issued new accounting guidance clarifying the accounting for the release of cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a non-profit activity or a business within a foreign entity. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2013. We do not anticipate that this adoption will have a significant impact on our financial position, results of operations or cash flows. In February 2013, FASB issued new accounting guidance clarifying the accounting for obligations resulting from joint and several liability arrangements for which the total amount under the arrangement is fixed at the reporting date. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2013. We do not anticipate that this adoption will have a significant impact on our financial position, results of operations or cash flows. A variety of proposed or otherwise potential accounting standards are currently under study by standard setting organizations and various regulatory agencies. Due to the tentative and preliminary nature of those proposed standards, management has not determined whether implementation of such proposed standards would be material to our consolidated financial statements.

Related Party transactions (Residual and interchange costs) (Details) (USD $)	3 Months Ended
	Mar. 31, 2013
Related Party Transaction [Line Items]
Residual and interchange fees paid to related parties	$ 6,867
Three Affiliated Companies Controlled By President [Member]
Related Party Transaction [Line Items]
Residual and interchange fees paid to related parties	4,109
Affiliated Corporation Controlled By Vice President [Member]
Related Party Transaction [Line Items]
Residual and interchange fees paid to related parties	2,091
Affiliated Corporation Controlled By Director One [Member]
Related Party Transaction [Line Items]
Residual and interchange fees paid to related parties	608
Affiliated Corporation Controlled By Director Two [Member]
Related Party Transaction [Line Items]
Residual and interchange fees paid to related parties	$ 59

Basis of Presentation and Nature of Operations (Details) (USD $)	Mar. 31, 2013	Dec. 31, 2012	Sep. 18, 2012
Basis Of Presentation And Nature Of Operations [Abstract]
Common stock, shares authorized	10,000,000,000	10,000,000,000	10,000,000,000
Common stock, no par value
Preferred stock, shares authorized	200,000,000	200,000,000	200,000,000
Preferred stock, no par value

Commitments and Contingencies (Schedule of Future Minimum Lease Payments for Capital Leases) (Details) (USD $)	Mar. 31, 2013
Commitments and Contingencies [Abstract]
Capital leases, telephone equipment	$ 21,468
Accumulated amortization, telephone equipment	8,415
2013	5,008
2014	6,648
2015	$ 2,216

Deferred Costs/Intangible Assets (Schedule of Intangible Assets) (Details) (USD $)	3 Months Ended		12 Months Ended		3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2007	Dec. 31, 2012	Mar. 31, 2013 License ACI [Member]	Dec. 31, 2012 License ACI [Member]	Mar. 31, 2013 Patent [Member]	Dec. 31, 2012 Patent [Member]	Mar. 31, 2013 License Paragon [Member]	Dec. 31, 2012 License Paragon [Member]
Finite-Lived Intangible Assets [Line Items]
Capitalized costs related to development of software			$ 168,690
Intangible assets, cost	198,194			202,085	165,019	168,690	15,255	15,076	17,920	18,319
Intangible assets, accumulated amortization	166,451			158,159	140,268	134,953	15,255	14,416	10,928	8,790
Intangible assets, net	31,743			43,926	24,751	33,737		660	6,992	9,529
Depreciation method					Straight-line	Straight-line	Straight-line	Straight-line	Straight-line	Straight-line
Depreciation and amortization expense	$ 8,292	$ 9,325

Commitments and Contingencies (Schedule of Future Minimum Rental Payments for Operating Leases) (Details) (USD $)	Mar. 31, 2013
Real Estate [Member]
Operating Leased Assets [Line Items]
2013	$ 52,872
2014	11,742
2015
2016
Other [Member]
Operating Leased Assets [Line Items]
2013	8,300
2014	11,583
2015	6,953
2016	$ 2,319

Going Concern (Details) (USD $)	Mar. 31, 2013	Dec. 31, 2012
Going Concern [Abstract]
Indebtedness to related parties	$ 1,577,303	$ 1,517,601
Shareholder loans	$ 286,372	$ 292,741

Related Party transactions (Indebtedness to related parties) (Narrative) (Details)	3 Months Ended				1 Months Ended
	Mar. 31, 2013 USD ($)	Mar. 31, 2012 USD ($)	Mar. 31, 2013 President and Affiliated Company [Member] USD ($)	Mar. 31, 2013 President and Affiliated Company [Member] CAD	Dec. 31, 2011 Related Parties and Shareholders Individually or Collecively Advance Loans [Member] USD ($)	Feb. 28, 2011 Related Parties and Shareholders Individually or Collecively Advance Loans [Member] USD ($)	Dec. 31, 2011 General Security Agreement and Loan Agreement [Member] USD ($)
Related Party Transaction [Line Items]
Consulting fees	$ 39,223	$ 47,680	$ 24,486	24,675
Incremental amount of advance loans					1,750,000	1,500,000
Interest rate					8.00%	8.00%
Debt issued							200,000
Total indebtedness to related parties and shareholder loans	1,863,675
Unused borrowing capacity	$ 0

Accounts Receivable (Details) (USD $)	3 Months Ended
Accounts Receivable (Details) (USD $)	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	$ 47,383		$ 61,204
Allowance for doubtful accounts	(22,515)		(23,413)
Total accounts receivable, net	24,868		37,791
Bad debt expense	0	0
Equipment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross			597
Services [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	$ 47,383		$ 60,607

Inventory (Details) (USD $)	Mar. 31, 2013	Dec. 31, 2012
Inventory Type [Line Items]
Total inventory, net	$ 56,573	$ 68,628
ATM [Member]
Inventory Type [Line Items]
Total inventory, net	56,573	68,628
Inventory quantity	22	27
Parts and Accessories [Member]
Inventory Type [Line Items]
Total inventory, net
Inventory quantity

Related Party transactions (Investment at cost) (Details) (USD $)	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2013 Cash Direct Financial Services Ltd. [Member]	May 31, 2011 Cash Direct Financial Services Ltd. [Member]	Mar. 31, 2013 Personal Financial Solutions [Member]	Oct. 31, 2010 Personal Financial Solutions [Member]	Mar. 31, 2013 Group Link [Member]	Mar. 31, 2013 Group Link [Member] Chief Executive Officer [Member]	Mar. 31, 2013 Group Link [Member] Chief Operating Officer [Member]	Mar. 31, 2013 Group Link [Member] President [Member]	Mar. 31, 2013 Group Link [Member] Chief Development Officer [Member]
Related Party Transaction [Line Items]
Investment owned, number of shares sold				90		41
Investment owned, percentage of ownership sold				90.00%		41.00%
Investment owned, sale price per share				$ 1.00		$ 1.00
Investment owned, percentage			10.00%	10.00%	10.00%	10.00%	55.00%	15.00%	10.00%	10.00%	10.00%
Investment, at cost	$ 20	$ 20	$ 10		$ 10
Total assets	1,173,160	636,246
Accumulated deficit	$ (6,656,370)	$ (6,384,267)
Number of years with no business activities			2 years		4 years

Condensed Consolidated Balance Sheet (USD $)	Mar. 31, 2013	Dec. 31, 2012
CURRENT ASSETS
Cash	$ 33,073	$ 46,898
Restricted cash	799,712	188,236
Accounts receivable net of allowance for doubtful accounts of $22,515 and $23,413	24,868	37,791
Other receivable - related parties	12,746	16,535
Inventory	56,573	68,628
Prepaid expense and deposit	8,158	9,022
Total current assets	935,130	367,110
Property and equipment, net of depreciation	206,267	225,190
Investment, at cost	20	20
Intangible Assets, net of amortization	31,743	43,926
Total assets	1,173,160	636,246
CURRENT LIABILITIES
Accounts payable	1,110,804	396,988
Accrued liabilities	97,695	98,026
Loans payable	284,554	287,047
Indebtedness to related parties	1,577,303	1,517,601
Shareholder loans	286,372	292,741
Total current liabilities	3,356,728	2,592,403
Total liabilities	3,356,728	2,592,403
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' DEFICIT
Preferred stock - authorized 200,000,000 shares, no par value, 81,518,410 shares issued and outstanding at March 31, 2013 and 81,518,410 at December 31, 2012	1,475,493	1,475,493
Common stock - authorized 10,000,000,000 shares, no par value; 320,046,834 shares issued and outstanding at March 31, 2013 and 320,046,834 at December 31, 2012	2,212,392	2,212,392
Additional paid-in capital	654,018	654,018
Accumulated other comprehensive income	130,899	86,207
Accumulated deficit	(6,656,370)	(6,384,267)
Total stockholders' deficit	(2,183,568)	(1,956,157)
Total liabilities and stockholders' deficit	$ 1,173,160	$ 636,246

Related Party transactions (Schedule of Indebtedness) (Details) (USD $)	Mar. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]
Loans due to related parties	$ 1,577,303	$ 1,517,601
Loan Advanced from E-Debit's President at 8% for Working Capital [Member] \| Demand Loan Arrangement [Member]
Related Party Transaction [Line Items]
Loans due to related parties	99,062	95,674
Interest rate	8.00%	8.00%
Loan Advanced from Affiliated Company at 8% that is controlled by E-Debit's President for Working Capital [Member] \| Demand Loan Arrangement [Member]
Related Party Transaction [Line Items]
Loans due to related parties	931,892	867,701
Interest rate	8.00%	8.00%
Loan Advanced from E-Debit's Vice President at 8% for Working Capital [Member] \| Demand Loan Arrangement [Member]
Related Party Transaction [Line Items]
Loans due to related parties	9,453	8,521
Interest rate	8.00%	8.00%
Loan Advanced from E-Debit's Officers at 8% for Working Capital [Member] \| Demand Loan Arrangement [Member]
Related Party Transaction [Line Items]
Loans due to related parties	14,883	6,421
Interest rate	8.00%	8.00%
Loan Advanced from E-Debit's Directors at 8% for Working Capital [Member] \| Demand Loan Arrangement [Member]
Related Party Transaction [Line Items]
Loans due to related parties	91,360	89,353
Interest rate	8.00%	8.00%
Loan Advanced from Affiliated Company at 0% that is controlled by E-Debit's Director for Working Capital [Member] \| Demand Loan Arrangement [Member]
Related Party Transaction [Line Items]
Loans due to related parties	199,561	208,926
Interest rate	0.00%	0.00%
Officers' and Directors' Bonuses Payable Carred Forward From Year 2002 [Member] \| Demand Loan Arrangement [Member]
Related Party Transaction [Line Items]
Loans due to related parties	29,773	33,611
Interest rate	0.00%	0.00%
Loan Advanced from Affiliated Company at 0% that is controlled by E-Debit's President for Working Capital [Member] \| Demand Loan Arrangement [Member]
Related Party Transaction [Line Items]
Loans due to related parties	$ 201,319	$ 207,394
Interest rate	0.00%	0.00%

Condensed Consolidated Statements of Changes in Stockholders' Deficit (USD $)	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income [Member]	Accumulated (Deficit) [Member]
Beginning balance at Dec. 31, 2012	$ (1,956,157)	$ 1,475,493	$ 2,212,392	$ 654,018	$ 86,207	$ (6,384,267)
Beginning balance, shares at Dec. 31, 2012	320,046,834	81,518,410	320,046,834
Other comprehensive loss, net of tax	44,692				44,692
Net loss for the three months ended March 31, 2013	(272,103)					(272,103)
Ending balance at Mar. 31, 2013	$ (2,183,568)	$ 1,475,493	$ 2,212,392	$ 654,018	$ 130,899	$ (6,656,370)
Ending balance, shares at Mar. 31, 2013	320,046,834	81,518,410	320,046,834

Loans Payable (Details)	1 Months Ended				1 Months Ended																				1 Months Ended
Loans Payable (Details)	Sep. 30, 2007 Vencash [Member] USD ($)	Sep. 30, 2007 Vencash [Member] CAD	Mar. 31, 2013 Vencash [Member] USD ($)	Mar. 31, 2013 Vencash [Member] CAD	Mar. 31, 2013 Westsphere Systems Inc [Member] USD ($)	Mar. 31, 2013 Westsphere Systems Inc [Member] CAD	Dec. 31, 2012 Westsphere Systems Inc [Member] USD ($)	Dec. 31, 2012 Westsphere Systems Inc [Member] CAD	Sep. 30, 2012 Westsphere Systems Inc [Member] USD ($)	Sep. 30, 2012 Westsphere Systems Inc [Member] CAD	May 31, 2012 Westsphere Systems Inc [Member] USD ($)	May 31, 2012 Westsphere Systems Inc [Member] CAD	Feb. 28, 2010 Westsphere Systems Inc [Member] USD ($)	Feb. 28, 2010 Westsphere Systems Inc [Member] CAD	Nov. 30, 2007 Westsphere Systems Inc [Member] USD ($)	Nov. 30, 2007 Westsphere Systems Inc [Member] CAD	Dec. 31, 2012 Demand Loan Agreement and GSA One [Member] USD ($)	Dec. 31, 2012 Demand Loan Agreement and GSA One [Member] CAD	Oct. 31, 2012 Demand Loan Agreement and GSA One [Member] USD ($)	Oct. 31, 2012 Demand Loan Agreement and GSA One [Member] CAD	Mar. 31, 2013 Demand Loan Agreement and GSA One [Member] USD ($)	Mar. 31, 2013 Demand Loan Agreement and GSA One [Member] CAD	Dec. 20, 2011 Demand Loan Agreement and GSA One [Member] USD ($)	Dec. 20, 2011 Demand Loan Agreement and GSA One [Member] CAD	Mar. 31, 2013 Demand Loan Agreement and GSA Two [Member] USD ($)	Mar. 31, 2013 Demand Loan Agreement and GSA Two [Member] CAD	Aug. 15, 2012 Demand Loan Agreement and GSA Two [Member] USD ($)	Aug. 15, 2012 Demand Loan Agreement and GSA Two [Member] CAD
Debt Instrument [Line Items]
Interest rate	12.00%	12.00%													12.00%	12.00%
Debt issued	$ 98,322	100,000													$ 127,104	131,000							$ 196,643	200,000			$ 98,322	100,000
Periodic payments, interest	983	1,000													1,288	1,310
Periodic payments, frequency	monthly	monthly													monthly	monthly
Renewal period, term	6 months	6 months													12 months	12 months
Cancellation notification period minimum, issuer	90 days	90 days													90 days	90 days
Cancellation notification period minimum, borrower	60 days	60 days													30 days	30 days
Debt instrument, reduction in principal balance due to repayment																	75,218	76,503	105,588	107,390
Debt instrument, other reductions in principal balance									(59)	(60)	(981)	(998)	(62,212)	(65,000)
Interest accrued in the period					1,914	1,947	4,471	4,547																	1,836	1,868
Debt outstanding (reduced)			$ 98,322	100,000	$ 70,237	71,436															$ 15,837	16,107			$ 100,158	101,868
Shares issued for loans payable conversion													622,123	622,123
Price for shares issued for loans payable conversion, per share													$ 0.10
Canadian Prime plus																							4.00%	4.00%			4.00%	4.00%
Number of days to pay upon demand																							45 days	45 days			45 days	45 days

Commitments and Contingencies (Narrative) (Details) (USD $)	1 Months Ended
	Jan. 31, 2012 Peter Gregory [Member]	Jul. 31, 2004 Peter Gregory [Member]	May 31, 2004 Peter Gregory [Member]	Jan. 31, 2009 Victory ATM [Member]	Dec. 31, 2012 Mainland Investments, Inc. and Research Driven Investor, LLC [Member]	Dec. 31, 2012 Trans-Armored Canada Inc. [Member]
Loss Contingencies [Line Items]
Amount of claim filed against the company			$ 260,000		$ 150,000	$ 34,325
Counter claim amount		1,600,000
Garnishment amount, maximum	31,649
Misappropriated claim amount				$ 45,000

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
Condensed Consolidated Statements of Cash Flows (USD $)	Mar. 31, 2013	Mar. 31, 2012
Cash flows from operating activities:
Net (-loss-)	$ (272,103)	$ (308,076)
Reconciling adjustments -
Depreciation and amortization	30,108	29,870
Changes in operating assets and liabilities
Restricted cash	(615,571)	(254,730)
Accounts receivable	14,878	4,048
Inventory	10,562	6,867
Prepaid expenses and other	668	4,636
Accounts payable and accrued liabilities	687,078	215,656
Net cash (used for) provided by operations	(144,380)	(301,729)
Cash flows from investing activities:
Purchase of equipment	(6,859)
Disposal of equipment
Net cash (used for) investing activities	(6,859)
Cash flows from financing activities:
Indebtedness to related parties	82,761	282,010
Proceeds from related parties	39,384	90,167
Repayments to related parties	(29,423)	(38,772)
Net cash provided by financing activities	92,722	333,405
Foreign currency translation adjustment	44,692	(27,293)
Net change in cash and cash equivalents	(13,825)	4,383
Cash (overdraft) at beginning of year	46,898	96,492
Cash (overdraft) at end of year	33,073	100,875
Supplemental schedules:
Cash paid for interest	6,668	10,823
Cash paid for income taxes
Noncash investing and financing activities
Shares issued for the settlement of debt

Condensed Consolidated Balance Sheet (Parenthetical) (USD $)	Mar. 31, 2013	Dec. 31, 2012
Condensed Consolidated Balance Sheet [Abstract]
Allowance for doubtful accounts	$ 22,515	$ 23,413
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, shares issued	81,518,410	81,518,410
Preferred stock, shares outstanding	81,518,410	81,518,410
Preferred stock, no par value
Common stock, shares authorized	10,000,000,000	10,000,000,000
Common stock, shares issued	320,046,834	320,046,834
Common stock, shares outstanding	320,046,834	320,046,834
Common stock, no par value

Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2013	Apr. 22, 2013
Document And Entity Information Abstract
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2013
Entity Registrant Name	E-DEBIT GLOBAL CORP.
Entity Central Index Key	0001129120
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2013
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		320,046,834

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended
Condensed Consolidated Statements of Operations (USD $)	Mar. 31, 2013	Mar. 31, 2012
Revenue -
Equipment and supplies	$ 8,499	$ 55
Residual and interchange income	268,579	589,603
Other	13,105	19,165
Total revenue	290,183	608,823
Cost of sales -
Equipment and supplies	7,055	1,591
Residual and interchange costs	148,815	390,575
Other	131,934	155,492
Total cost of sales	287,804	547,658
Gross profit	2,379	61,165
Operating expenses -
Depreciation and amortization	30,108	29,870
Consulting fees	39,223	47,680
Legal and accounting fees	1,038	34,477
Salaries and benefits	118,522	125,288
Travel, delivery and vehicle expenses	3,111	7,352
Other	48,015	80,096
Total operating expenses	240,017	324,763
Income (-Loss-) from operations	(237,638)	(263,598)
Other expense -
Interest expense	(34,465)	(44,478)
Net (-loss-) before income taxes	(272,103)	(308,076)
Provision for income taxes
Net (-loss-)	$ (272,103)	$ (308,076)
Basic net (-loss-) per common share	$ 0.00	$ 0.00
Weighted number of shares outstanding	320,046,834	95,249,344

Restricted cash	3 Months Ended
Restricted cash	Mar. 31, 2013
Restricted cash [Abstract]
Restricted cash	Note 4 - Restricted cash The Corporation relies on a contractual agreement with Moneris Solution Corporation to settle daily ATM vault cash dispensements throughout our ATM Network into our bank account. The ATM vault cash will be settled to the cash owners within 24 hours turn around.

Loans Payable	3 Months Ended
Loans Payable	Mar. 31, 2013
Loans Payable [Abstract]
Loans Payable	Note 9 - Loans Payable In September 2007, Vencash entered into a loan agreement with an initial term of twelve months totaling $98,322 ($100,000 CDN) with an external arms-length investor, bearing interest at 12% per annum, with blended monthly payments of interest only of $983 ($1,000 CDN). The initial term may be automatically extended for further six (6) month terms (a "renewal period") after the end of the initial term or terminated subject to mutual termination agreements. The investor must give a written notice not less than 90 days before the end of the initial term or renewal period, whichever the case may be, to not renew the loan agreement. Vencash must notify the investor not less than 60 days before the end of the initial term or renewal period, its intention to terminate the loan. Currently, no written notice has been received from the investor to Vencash or vice versa. The purpose of the loan is to supply vault cash to Vencash's customer-owned ATM equipment and site locations. Vencash supplies vault cash to these site locations because its customers do not have sufficient vault cash for these site locations. The loan amount has been forwarded to an armored car Corporation that supplies vault cash to these site locations. The armored car Corporation is accountable for the rotation of the cash and has signed a note receivable for the amount. As of March 31, 2013, the balance is $98,322 ($100,000 CDN). This loan is included in the accompanying consolidated balance sheet as Loans payable. In November 2007, Westsphere's subsidiary Westsphere Systems Inc. (WSI) raised $127,104 ($131,000 CDN) through a loan agreement with an initial term of twenty-four months with an external arms-length investor, bearing interest at 12% per annum, with blended monthly payments of interest only of $1,288 ($1,310 CDN). The initial term may be automatically extended for further twelve month terms (a "renewal period") after the end of the initial term or terminated subject to mutual termination agreements. The investor must give a written notice not less than 90 days before the end of the initial term or renewal period, whichever the case may be, to not renew the loan agreement. Vencash must notify the investor not less than 30 days before the end of the initial term or renewal period, its intention to terminate the loan. Currently, no written notice has been received from the investor to WSI or vice versa. The purpose of the loan was to fund the switch development project. In February 2010, the loan was reduced by $62,212 ($65,000 CDN) in exchange for 622,123 common shares at $0.10 per share. In May 2012, the loan was reduced by $981 ($998 CDN) in offsetting against the expenses. In September 2012, the loan was reduced by $59 ($60 CDN) in offsetting against the expenses. In December 2012, WSI recorded an accrued interest of $4,471 ($4,547 CDN). In March 2013, WSI recorded an accrued interest of $1,914 ($1,947 CDN). As of March 31, 2013, the balance is $70,237 ($71,436 CDN). This loan is included in the accompanying consolidated balance sheet as loans payable. On December 20, 2011 the Corporation and its subsidiaries jointly and severally entered into a Demand Loan Agreement and related GSA with an investor for a loan of $196,643 ($200,000 CDN) at a prime lending rate of Canadian Prime plus four (4%) percent. Under the GSA, this debt is collateralized by all of the Corporation's assets. Upon demand the Corporation has forty-five (45) days to repay the Demand Loan and interest. On October 24, 2012, the loan was repaid by $105,588 ($107,390 CDN). On December 5, 2012, the loan was repaid by $75,218 ($76,503 CDN). As of March 31, 2013, the balance is $15,837 ($16,107 CDN). This loan is included in the accompanying consolidated balance sheet as Loans payable. On August 15, 2012 the Corporation and its subsidiaries jointly and severally entered into a Demand Loan Agreement and related GSA with an arms-length third party investor for a loan of $98,322 ($100,000 CDN) at a prime lending rate of Canadian Prime plus four (4%) percent. Under the GSA, this debt is collateralized by all of the Corporation's assets. Upon demand the Corporation has forty-five (45) days to repay the Demand Loan and interest. In March 2013, E-Debit recorded an accrued interest of $1,836 ($1,868 CDN). As of March 31, 2013, the balance is $100,158 ($101,868 CDN). This loan is included in the accompanying consolidated balance sheet as Loans payable.

Going Concern	3 Months Ended
Going Concern	Mar. 31, 2013
Going Concern [Abstract]
Going Concern	Note 14 - Going Concern The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Corporation as a going concern. The Corporation has recurring net losses from operations, and had a working capital deficit and a stockholders' deficit at March 31, 2013 and December 31, 2012. These conditions raise substantial doubt as to the Corporation's ability to continue as a going concern. These financial statements do not include any adjustments that might result from the outcome of this uncertainty. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might be necessary should the Corporation be unable to continue as a going concern. Management recognizes that the Corporation must generate additional resources to enable it to continue operations. Management intends to raise additional funds through debt financing and equity financing or through other means that it deems necessary, with a view to moving forward and sustaining a prolonged growth in its strategy phases. However, no assurance can be given that the Corporation will be successful in raising additional capital. Management's plans also include restructuring and reorganizing its subsidiaries to save costs. Furthermore, management is in the process of negotiations with a third party investor to potentially sell part or all of the Corporation's ATM estate. In addition, there is no demand for payment on the accounts payable to related parties of $1,577,303 and shareholder loans of $286,372 as these liabilities are owed to internal officers and directors. Further, even if the Corporation raises additional capital, there can be no assurance that the Corporation will achieve profitability or positive cash flow. If management is unable to raise additional capital and expected significant revenues do not result in positive cash flow, the Corporation will not be able to meet its obligations and may have to cease operations.

Condensed Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Condensed Consolidated Statemenst of Comprehensive Income [Abstract]
Net (-loss-)	$ (272,103)	$ (308,076)
Other comprehensive (-loss-), net of tax
Foreign currency translation adjustment	44,692	(27,293)
Other comprehensive (-loss-), net of tax	44,692	(27,293)
Comprehensive (-loss-)	$ (227,411)	$ (335,369)

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2013
Subsequent Events [Abstract]
Subsequent Events	Note 13 - Subsequent Events The Company has evaluated events subsequent to March 31, 2013 and through the date the financial statements were available to be issued to assess the need for potential recognition or disclosure in this report. No events were noted that require recognition or disclosure in these financial statements.