Freeport Capital Inc. (FAS:CNSX) Hybrid Announces Certification of Pin Debit For Mobile With Chase-Paymentech
MONTREAL, Aug. 22, 2012 /CNW Telbec/ - President of Hybrid PayTech, Mr. Michele Tasillo stated "We are very excited to announce the certification by TransaX-World of our Pin Debit solution on Chase-Paymentech network, global leader in payment processing. This new certification makes Hybrid the first mobile solution provider to offer Pin Debit and a combined Pin Debit & Credit solution for Smartphones & Tablets to its growing customer base in the USA. This certification comes at a great time whereas the mobile market for payment is in full expansion and in need of best of breed technology".
President of TRX-World, Mr. Jean Pierre Gagnon stated: "We are pleased to have completed this certification on behalf of Hybrid and are looking forward to the deployment of their technology in such a large and promising market. This solution by Hybrid truly defines them as a leader in mobile enabled payments".
About TRX-WORLD
Transax World, Inc. operates a proprietary switch capable of routing debit/credit transactions worldwide (card present and not present). It also develops proprietary payment, gift and loyalty applications for terminal vendors and mobile platforms (iPhone, Android). Its team of developers is uniquely positioned to assist with EMV migration, particularly in the unattended verticals where its Tokenization & Hashing proprietary solutions reduce the PCI scope. TRX looks at international opportunities and strategic alliances, competing on the basis of ideas rather than size. With offices in Russia, Spain, Italy, Canada and USA, Transax World can localize its proprietary solutions quickly in order to meet time and financial constraints.
About Chase Paymentech
Chase Paymentech, a subsidiary of JPMorgan Chase (NYSE:JPM), is a leading provider of payment processing and merchant acquiring. The company's proprietary platforms enable integrated solutions for all payment types, including credit, debit, prepaid stored value and electronic check processing; as well as digital, alternative and mobile payment options. Chase Paymentech has uniquely combined proven payment technology with a long legacy of merchant advocacy that creates quantifiable value for companies large and small. In 2011, Chase Paymentech processed 24.4 billion transactions with a value of $553.7 billion, including an estimated half of all global Internet transactions. In addition to the ability to authorize transactions in more than 130 currencies, the company provides business analytics and information services, fraud detection and data security solutions. More information can be found at:
About Freeport Capital Inc.
First Equity Strategy LLC (DBA; Hybrid Paytech is a subsidiary of Freeport Capital Inc. Based in Montreal, Canada; Hybrid Paytech is a technology leader in the mobile payment space for EMV, Credit and Pin debit acceptance. With a global footprint, Hybrid Paytech is an enabler of easily deployable payment systems focusing on authentication, approved security and quick merchant adoption in fleet, delivery, logistics and retail.
For further information on Hybrid PayTech, please visit www.hybridpaytech.com and click on our corporate video presentation http://www.youtube.com/watch?v=XvZHrck2eag&feature=youtu.be
SOURCE: FREEPORT CAPITAL INC.
Freeport Capital Inc. (FAS:CNSX)
Mr. Michele Tasillo
(514) 394 5200
[email protected]
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