CHARGE Anywhere Mobile Payment Technology To Be Distributed In Central America CHARGE Anywhere, LLC and VM&A have signed a partnership agreement to promote CHARGE Anywhere's award-winning payment application and payment gateway in Central America.

SOUTH PLAINFIELD, N.J., May 31, 2012 /PRNewswire/ -- CHARGE Anywhere® LLC, a leading provider of award-winning, secure mobile payment applications and payment gateway solutions, announced today the signing of a partnership program with Valladares Molina & Asociados (VM&A), a consulting firm that specializes in the development and promotion of mobile solutions in the Central American Market.

Based in Tegucigalpa, Honduras, VM&A will promote and create awareness within the banking industry of the business potential of incorporating mobile payments in countries such as Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica.

"Central America is a fertile ground for the adoption of mobile payments. Mobile penetration in Latin America and the Caribbean is over 94% and well above the world average of 76%. In Central America, countries like El Salvador and Honduras have passed the 100% penetration milestone. Our clients are looking to incorporate many of their business processes into mobile; payments being on the top of their list," said Luis Valladares, VM&A's General Director.

"We see Banks offering their clients value added services that will allow them to efficiently collect payments and reduce the risk associated with collecting cash," said Luis Valladares.

"CHARGE Anywhere looks forward to expanding our Mobile Platform in the Central American market and providing this region with our award winning, best-of-breed mobile payment technology," said Oscar Munoz, CHARGE Anywhere's Executive Vice President and Vice President of International Business Development.

CHARGE Anywhere was voted the 2011 Mobile Solution Provider of the Year by their peers at the 5th Annual Mobile Banking and Emerging Technology Summit, hosted by Bank Technology News.

About Valladares Molina & Asociados: VM&A, is an affiliate company of Red Promocional Centroamericana, an outsourcing firm with more than six years serving the Central American market in sales force outsourcing. VM&A has developed mobile tools that enable Red Promocional Centroamericana to offer mobile data gathering solutions and employee tracking. Red Promocional Centroamericana employs more than 300 employees and serves companies such as SAB MILLER, GlaxoSmithKline, Tigo and BIC, among others.

About CHARGE Anywhere: CHARGE Anywhere is the developer Payment Card Industry PA-DSS certified CHARGE Anywhere® v2.0.0 Mobile Payment/POS software solution designed for use with Smartphones, Tablets, POS Terminals and e-commerce, Web terminal and PCI DSS Level 1compliant ComsGate® Payment Gateway services. CHARGE Anywhere offers the most secure and robust selection of industry specific and custom payments solutions and services, including: Payment Gateway, Mobile Payment Applications, POS software, End to End Encryption and Data Security Services, Closed Loop Card Management and Merchant Billing Services. For more information visit them at http://www.chargeanywhere.com, or (800)211-1256.

©2012 CHARGE Anywhere, LLC. All trademarks, service marks and trade names referenced in this material are the property of their respective owners.

SOURCE CHARGE Anywhere



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