Freeport Capital inc. (FAS:CNSX) Hybrid Paytech and PiiComm Inc. partner to deliver mobile payment for enterprise and mobile workforce
MONTREAL, Oct. 1, 2012 /PRNewswire/ - Hybrid Paytech (CNSX: Freeport Capital - FAS), a leader in mobile payment innovation has announced its new enterprise sales partnership with PiiComm Inc., one of the largest Canadian resellers of enterprise hardware and software for fleet, delivery and transport. Companies will be able to integrate their existing merchant accounts to enable payment and checkout on new and existing mobile devices outside the four-walls; ideal for eliminating risk and cost from cash-on-delivery (COD) payments, on-the-spot sales and a more efficient way of collecting receivables.
''Based on Hybrid Paytech's ability to integrate with existing merchant accounts (MIDs) through various acquirers, PiiComm now has the power to enable their clients to accept mobile payments over new and existing hardware devices.'' Said Kevin Conabree, Head of Strategic Partnerships at Hybrid Paytech, ''Hybrid and PiiComm have been working together to be able to offer very important technology that wasn't thought to be possible by many clients. Now it is.'' Many medium and large-scale companies have been increasingly looking to adopt mobile payment systems to add value to customer service and streamline the receivables process, however many solutions remain cumbersome with too many moving parts, multiple solutions to integrate and inadequate merchant services. The one-stop solution will be a very valuable for the 50-10,000 member fleet and mobile workforce to which PiiComm will be targeting. Hybrid's payment platform is now available to accept credit payments over existing Motorola Solutions MC65 and MC75 devices running Windows Mobile 6.x operating systems, as well as iOS and Android smart-phones and tablets, and will be enabled for Chip-and-PIN (EMV) credit and debit as early as Q1 2013.
PiiComm has been developing mobile solutions for the Transportation & Logistics industry, Field Service workers, Government agencies and Healthcare suppliers who all collect fees for goods or services in the field. "We are very excited to be able to offer our large and small business clients the opportunity to collect payments in the field" said Shawn Winter, Vice President of Marketing and Product Development. "PiiComm has supplied customers with specialized rugged computing devices to improve their businesses, however managing payment transactions with this technology in Canada has been a challenge even though the payment accessories have been available for years. Hybrid Paytech has not only produced a solution to finally make mobile payments a reality, they have done it in record time."
ABOUT PIICOMM INC.
PiiComm is a leading provider of wireless and mobile workforce solutions for enterprise and government in Canada. Specializing in Transportation & Logistics, Field Services, Retail, Warehouse and Healthcare markets, PiiComm delivers consulting services, best in class hardware, software applications and professional services achieve their client's business goals by optimizing their processes and mobile workforce strategies. Once deployed, comprehensive support for all mobile devices is assured by the company's high touch Mobile Service Desk. PiiComm was recently recognized in PROFIT Magazine's HOT 50 for top new growth companies in Canada for 2011. For more information about PiiComm, please visit www.PiiComm.ca.
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 credit and 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. www.hybridpaytech.com
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.
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