MONTREAL, July 4, 2012 /CNW Telbec/ - President of Hybrid PayTech, Mr. Michele Tasillo stated "We are very pleased to announce a long term partnership agreement with TRX-World. Through this agreement TRX will supply access to credit and debit payment networks and certification expertise while ensuring routing capability with existing acquirers as we expand our domestic and global portfolio of payment acquiring partners. We anticipate this partnership will allow us to expand our ERP (Enterprise Ready Platform) for Mobile quite rapidly facilitating merchants with payment processing needs allowing access to several markets".
President of TRX-World, Mr. Jean Pierre Gagnon stated "We are extremely excited to assist such a dynamic and entrepreneurial team in the Mobile Payment space. Hybrid has quite an innovative technology and this multi-level agreement will enable a close cooperation".
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. 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 Freeport Capital Inc.
First Equity Strategy LLC (DBA; Hybrid Paytech is a subsidiary of Freeport Capital Inc. Based in Montreal, Canada & sister companies; Hybrid PayTech Barbados & Hybrid PayTech Asia; Hybrid Paytech is a technology leader in the mobile payment space for credit and debit acceptance. With a global footprint, Hybrid Paytech is an enabler of deployable PCI & EMV approved for quick merchant adoption in fleet, delivery, logistics, transit, e-commerce 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
The Canadian National Stock Exchange (CNSX) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States
SOURCE FREEPORT CAPITAL INC.