FreedomPay Combines Cashless Payments and One-to-One Customer Relationships For Quick-Serve Restaurant, Vending & Cafeteria Industries

McDonald's to Test & Canteen to Deploy FreedomPay Network



Apr 18, 2001, 01:00 ET from FreedomPay, Inc.

    WAYNE, Pa., April 18 /PRNewswire/ -- FreedomPay, Inc., developers of a
 simple and efficient network to enable cashless purchases coupled with
 consumer loyalty programs, announced today that Compass Group (CPG LN) North
 America's Canteen Vending, the world leader in the vending and cafeteria
 industries, is deploying FreedomPay in various locations across the U.S. and
 McDonald's (NYSE:   MCD) recently began testing the FreedomPay network in the
 Boise, Idaho market.
     FreedomPay membership is free and makes cashless purchasing convenient and
 rewarding for consumers and partners alike.  Once a consumer sets up a
 FreedomPay account online (http://www.freedompay.com), via the telephone
 (1-888-495-0222) or in-store at select partner locations, they can use the
 network to make small, everyday purchases and receive instant rewards at a
 variety of locations.
     By simply waving a FreedomPay Radio Frequency Identification (RFID) wand
 over a sensor at the point of sale, consumers' purchases are automatically
 deducted from their account through FreedomPay's network.  For added
 convenience on vending machines, FreedomPay members can access their account
 using a keypad. The entire transaction takes less than 15 seconds and is
 faster than using cash.  At FreedomPay's Web site, members can check their
 personal profile, view their account balance and past purchase history and
 learn about promotional offers.
     Affiliated consumer packaged good companies in the vending and cafeteria
 sectors use FreedomPay to offer immediate incentives to consumers directly at
 the point-of-purchase and to efficiently build one-to-one relationships with
 consumers through brand-targeted promotions.  In addition to the ease of use
 for consumers, FreedomPay reduces cash handling and decreases transaction
 times for companies.  Along with the vending, cafeteria and QSR industries,
 FreedomPay will soon announce partners in the convenience store and petroleum
 industries.
     "Consumers want an easy-to-understand system with immediate and tangible
 benefits, and that is precisely what FreedomPay offers," said Tom Durovsik,
 chief executive officer, FreedomPay, Inc.  "For our corporate clients, the
 network combines cashless payment, customized point-of-purchase incentives and
 a complete one-to-one relationship marketing system that is easy to install
 and requires significantly less hardware costs than traditional debit card
 systems."
 
     FreedomPay Introduced at McDonald's Restaurants In Boise
     On April 2, McDonald's, the world's leading quick service retailer,
 announced a market-wide test of FreedomPay's RFID network in 29 of its
 restaurants in Boise, Idaho and the surrounding Treasure Valley area.
 Customers can sign up in-store, as well as online and via the telephone, and
 begin using their FreedomPay account to make cashless purchases and receive
 instant rewards.  This initial deployment will serve as a real-world test
 market for FreedomPay and McDonald's.
     "This new cashless payment option in the Boise market enables McDonald's
 to reward customer loyalty by offering FreedomPay bonus rewards to be used at
 participating restaurants.  At the same time, cashless transactions have the
 ability to improve the quick and efficient service our customers expect at our
 restaurants and drive-thrus," said Boise McDonald's owner/operator Dick
 Darmody.
 
     Canteen to enable 50,000 vending machines with FreedomPay by 2002
     Following highly successful launches of FreedomPay in its North Carolina
 and Connecticut facilities last year, Canteen, the world's largest vending
 company and a subsidiary of Compass Group North America, has signed an
 exclusive agreement to progressively install FreedomPay in 50,000 vending
 machines by the end of 2002.  Compass is currently installing FreedomPay
 powered vending machines in facilities throughout Boise.
     In addition to providing consumer and corporate benefits of cashless
 payments, Canteen will be able to provide incentives and rewards at the
 point-of-purchase.
     "We have been extremely pleased with the success of our partnership with
 FreedomPay, and it's obvious our customers are equally pleased," said Tony
 Gagliardi, president, Canteen Vending Services. "FreedomPay will revolutionize
 how consumers pay for products or services, and allows Canteen to dramatically
 increase brand loyalty by providing immediate incentives at the time of
 purchase."
     "The strategic partnerships FreedomPay has forged with industry leaders
 like McDonald's and Compass reinforces the value of the ubiquitous network
 that FreedomPay provides," stated Durovsik.  "FreedomPay members will soon
 have the convenience of cashless for all of their everyday small purchases
 plus they will benefit from the valuable rewards from our partners."
 
     About FreedomPay
     FreedomPay, Inc., headquartered in Wayne, PA, is the leading provider of
 cashless payment and rewards systems that leverages the Internet to provide a
 ubiquitous, micro-payment solution for its members and retailers.  Working in
 conjunction with all existing payment channels and industries, FreedomPay
 provides a seamless, transparent payment and direct marketing outlet that
 allows retailers and manufacturers to build brand loyalty by reaching their
 consumers with highly targeted promotions and rewards at the
 point-of-purchase.  Leading investors include Nokia Venture Partners, Sun
 America/AIG and Kellett Investments.  For more information about FreedomPay,
 its partners and how it works, visit http://www.freedompay.com or call
 1-888-495-0222.
 
 

SOURCE FreedomPay, Inc.
    WAYNE, Pa., April 18 /PRNewswire/ -- FreedomPay, Inc., developers of a
 simple and efficient network to enable cashless purchases coupled with
 consumer loyalty programs, announced today that Compass Group (CPG LN) North
 America's Canteen Vending, the world leader in the vending and cafeteria
 industries, is deploying FreedomPay in various locations across the U.S. and
 McDonald's (NYSE:   MCD) recently began testing the FreedomPay network in the
 Boise, Idaho market.
     FreedomPay membership is free and makes cashless purchasing convenient and
 rewarding for consumers and partners alike.  Once a consumer sets up a
 FreedomPay account online (http://www.freedompay.com), via the telephone
 (1-888-495-0222) or in-store at select partner locations, they can use the
 network to make small, everyday purchases and receive instant rewards at a
 variety of locations.
     By simply waving a FreedomPay Radio Frequency Identification (RFID) wand
 over a sensor at the point of sale, consumers' purchases are automatically
 deducted from their account through FreedomPay's network.  For added
 convenience on vending machines, FreedomPay members can access their account
 using a keypad. The entire transaction takes less than 15 seconds and is
 faster than using cash.  At FreedomPay's Web site, members can check their
 personal profile, view their account balance and past purchase history and
 learn about promotional offers.
     Affiliated consumer packaged good companies in the vending and cafeteria
 sectors use FreedomPay to offer immediate incentives to consumers directly at
 the point-of-purchase and to efficiently build one-to-one relationships with
 consumers through brand-targeted promotions.  In addition to the ease of use
 for consumers, FreedomPay reduces cash handling and decreases transaction
 times for companies.  Along with the vending, cafeteria and QSR industries,
 FreedomPay will soon announce partners in the convenience store and petroleum
 industries.
     "Consumers want an easy-to-understand system with immediate and tangible
 benefits, and that is precisely what FreedomPay offers," said Tom Durovsik,
 chief executive officer, FreedomPay, Inc.  "For our corporate clients, the
 network combines cashless payment, customized point-of-purchase incentives and
 a complete one-to-one relationship marketing system that is easy to install
 and requires significantly less hardware costs than traditional debit card
 systems."
 
     FreedomPay Introduced at McDonald's Restaurants In Boise
     On April 2, McDonald's, the world's leading quick service retailer,
 announced a market-wide test of FreedomPay's RFID network in 29 of its
 restaurants in Boise, Idaho and the surrounding Treasure Valley area.
 Customers can sign up in-store, as well as online and via the telephone, and
 begin using their FreedomPay account to make cashless purchases and receive
 instant rewards.  This initial deployment will serve as a real-world test
 market for FreedomPay and McDonald's.
     "This new cashless payment option in the Boise market enables McDonald's
 to reward customer loyalty by offering FreedomPay bonus rewards to be used at
 participating restaurants.  At the same time, cashless transactions have the
 ability to improve the quick and efficient service our customers expect at our
 restaurants and drive-thrus," said Boise McDonald's owner/operator Dick
 Darmody.
 
     Canteen to enable 50,000 vending machines with FreedomPay by 2002
     Following highly successful launches of FreedomPay in its North Carolina
 and Connecticut facilities last year, Canteen, the world's largest vending
 company and a subsidiary of Compass Group North America, has signed an
 exclusive agreement to progressively install FreedomPay in 50,000 vending
 machines by the end of 2002.  Compass is currently installing FreedomPay
 powered vending machines in facilities throughout Boise.
     In addition to providing consumer and corporate benefits of cashless
 payments, Canteen will be able to provide incentives and rewards at the
 point-of-purchase.
     "We have been extremely pleased with the success of our partnership with
 FreedomPay, and it's obvious our customers are equally pleased," said Tony
 Gagliardi, president, Canteen Vending Services. "FreedomPay will revolutionize
 how consumers pay for products or services, and allows Canteen to dramatically
 increase brand loyalty by providing immediate incentives at the time of
 purchase."
     "The strategic partnerships FreedomPay has forged with industry leaders
 like McDonald's and Compass reinforces the value of the ubiquitous network
 that FreedomPay provides," stated Durovsik.  "FreedomPay members will soon
 have the convenience of cashless for all of their everyday small purchases
 plus they will benefit from the valuable rewards from our partners."
 
     About FreedomPay
     FreedomPay, Inc., headquartered in Wayne, PA, is the leading provider of
 cashless payment and rewards systems that leverages the Internet to provide a
 ubiquitous, micro-payment solution for its members and retailers.  Working in
 conjunction with all existing payment channels and industries, FreedomPay
 provides a seamless, transparent payment and direct marketing outlet that
 allows retailers and manufacturers to build brand loyalty by reaching their
 consumers with highly targeted promotions and rewards at the
 point-of-purchase.  Leading investors include Nokia Venture Partners, Sun
 America/AIG and Kellett Investments.  For more information about FreedomPay,
 its partners and how it works, visit http://www.freedompay.com or call
 1-888-495-0222.
 
 SOURCE  FreedomPay, Inc.