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Mobile Device combines phone and POS terminal functions.

Press Release Summary:



Wireless handheld payment device, thebusinessphone MTT 1570, allows merchants to undertake financial transactions anytime and anywhere over GPRS/GSM networks operating at 900 and 1,800 MHz. Weighing 170 g, pocket-sized device is delivered with S40 wireless printer and offers connectivity in 90+ countries. It can perform up to 300 transactions without re-charging, handling credit, debit, and EMV transactions through integrated PIN Pad and smart card reader.



Original Press Release:



thebusinessphone(tm) Unveils Mobile POS Terminal for Mobile Merchants Across EMEA



thebusinessphone MTT 1570 combines pocket-sized POS terminal and mobile phone

London, November 7, 2006 - thebusinessphone has today unveiled its wireless handheld payment device, thebusinessphone MTT 1570, which combines a mobile phone and a wireless point-of-sale (POS) terminal. Lightweight and compact, the MTT 1570 is small enough to fit into a shirt pocket and weighs only 170g.

thebusinessphone MTT 1570 is ideal for merchants who do business on the move, such as household contractors, taxi drivers and mobile sales forces. Secure, easy-to-use and cost-effective, thebusinessphone offers convenience and reliability, allowing a merchant to undertake financial transactions anytime and anywhere over the GPRS/GSM networks operating at 900Mhz and 1800Mhz. Through our partnership agreements, thebusinessphone has connectivity in over 90 countries worldwide.

"As we move towards a more card-based society, merchants should expect to offer the facility of credit or debit card transactions and it is likely that they could lose sales if they are unable to provide this solution. In addition, consumers tend to spend more and are inclined to remain loyal when paying by credit or debit cards. thebusinessphone MTT 1570 is the perfect solution for any mobile merchants who wish to grow their businesses," said Athol Hampson, CEO of thebusinessphone.

thebusinessphone MTT 1570 supports all major credit and debit cards in one terminal. Following banking business checks thebusinessphone is ready to use out-of-the-box, complete with 24/7 customer support. With up to 50 hours stand-by time, thebusinessphone MTT 1570 can facilitate up to 300 transactions without re-charging.

thebusinessphone MTT 1570 is capable of performing credit, debit and EMV transactions through its integrated PIN Pad and smart card reader which conforms to EMV Levels 1 and 2. thebusinessphone is delivered with a wireless printer, the S40, which enables merchants to print receipts and other information.

thebusinessphone has signed an international distributor agreement with WAY Systems, a leading global service provider of mobile phone based POS solutions. WAY Systems has achieved a number of awards for its mobile transaction terminals and is a finalist again this year in two categories of the Cartes 2006 Sesames Awards: Banking/Finance/Retail and e-Transaction.

"We are very pleased to partner with thebusinessphone. The management team has a wealth of expertise in this market sector and we are confident that they will enjoy rapid success in EMEA with thebusinessphone MTT 1570," said Will Graylin, Chairman of the Board, WAY Systems. "Our experience in the US proves that the market is waking up to the potential of totally mobile POS terminals and that there is a multitude of applications for such a solution."

About thebusinessphone
Founded in 2006, thebusinessphone provides a totally mobile POS solution for mobile merchants. The company's flagship product, thebusinessphone MTT 1570 combines a mobile phone and POS terminal. Based in the heart of London, thebusinessphone has the distribution rights to market and sell its solutions in the international markets. For further information, please visit www.thebusinessphone.com

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