Computer and Communication Terminals
Payment Processing Solution enables secure transactions.
Press Release Summary:
Utilizing network of wireless carriers and connecting to Global Payments through Cingular GPRS Wireless Network, Mobile Processing Solution uses WAY Systems Mobile Transaction MTT 1556 Credit/Debit POS terminal, and accepts both credit and PIN-based debit card transactions. Solution targets merchants who are constantly on the move and need to accept payment at the time and place of sale.
Original Press Release:
Global Payments Introduces Mobile Transaction Processing Solution
ATLANTA, Dec. 21 / -- Global Payments Inc. (NYSE:GPN), a leader in payment processing services, today announced the introduction of a Mobile Processing Solution using the WAY Systems Mobile Transaction MTT 1556 Credit/Debit terminal. The product combines the security and performance of a traditional POS terminal with the ease of using a mobile phone.
The new product targets both traditional and non-traditional merchants who are constantly on the move and need to accept payment at the time and place of sale, away from a retail countertop or fixed sales site. The WAY Systems mobile device accepts both credit and PIN-based debit card transactions made virtually anywhere in the U.S., utilizing a network of wireless carriers and connecting to Global Payments through the Cingular GPRS (General Packet Radio Service) Wireless Network.
Vice President of Product for Global Payments, Tony Abruzzio, said, "The WAY Systems MTT terminal and its connectivity to the GPRS wireless network will provide an exciting new solution for the many merchants who conduct business in the field and cannot be tethered to a desk or brick and mortar location. We expect Global's Mobile Processing Solution to meet the needs of a wide variety of merchants, including home repair and delivery services, trade show vendors, special events sponsors and antique or art show vendors."
"Global Payments is the first major processor to provide a single point of contact for the terminal, application and wireless service, giving merchants comprehensive, end-to-end support," Mr. Abruzzio said. "The product is small, with an intuitive form factor, and ready to use right out of the box."
The WAY Systems MTT 1556 terminal enables mobile merchants to accept payment through a simple card swipe and thus qualify for the interchange rates associated with such transactions, as compared to higher interchange rates often incurred by mobile merchants for transactions involving key entry or manual imprint of the card number. It also features an infrared (wireless) printer for additional convenience.
"WAY Systems is pleased to work with Global Payments, one of the most respected payment processors in the world," said Vice President, North American Sales for WAY Systems, Stu Fullerton. "Class A certification for this product brings with it the mainstream support provided by Global Payments' exemplary support organization for the benefit of its merchants."
Global Payments Inc. (NYSE:GPN) is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies, multi- national corporations and gaming establishments located throughout the United States, Canada, Latin America, Europe and the Asia-Pacific Region. Global Payments offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, check verification and recovery, as well as terminal management. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America, Morocco, and the Philippines. For more information about the company and its services, visit http://www.globalpaymentsinc.com/
Contact: Phyllis McNeill
770 829-8245 Voice
phyllis.mcneill@globalpay.com
Source: Global Payments Inc.
Web site: http://www.globalpaymentsinc.com/
