Freeport Capital Inc. (CNSX:FAS) announces that its subsidiary company Mobi724 S.R.L. signs a commercial agreement with VISA Argentina S.A.
11 Sep, 2013, 08:26 ET
Revolutionary, strengthened and more secure, mobile redemption platform solution is ready to be rolled out.
MONTREAL, Sept. 11, 2013 /PRNewswire/ - Mobi724 S.R.L. an Argentine corporation, a wholly owned subsidiary of MOBI724 solutions inc. has just closed a commercial agreement with Visa Argentina S.A. to route transactions.
Mobi724's Digital Incentive Engine and services platform enables retailers, manufacturers of consumer-packaged goods, offer providers, mobile operators and card issuers to create, manage and deliver incentive campaigns worldwide to ANY mobile device.
Marcel Vienneau CEO of Mobi724 stated "The synergy with the integration of Visa Argentina S.A. routing our BIN (Bank Institution Number), will bring this solution to every Point of Sale where Visa is connected in the country, enabling the Mobi724 platform the redemption of discount coupons and or reward redemption, in a seamless transaction process for both the customer and the merchant".
The integration of Mobi724's platform with Visa Argentina's gateway will enable routing to its terminals allowing immediate authorization of coupons and or rewards redemption.
This white label solution will enhance traction in retail sales, following the growing trend in consumer buying behavior based on promotions and coupons. Initially the service will be offered in Argentina, before being expanded to the rest of the Latin American market.
About Mobi724 S.R.L.
Mobi724's PAY PER PERFORMANCE MODEL addresses the significant need for accountability in the marketing space. Our solutions, including our universal "mobile Digital Incentives Gateway" (coupons, gift-cards and rewards) enables retailers, manufacturers of consumer-packaged goods, loyalty providers, mobile operators and payment card issuers to create, manage and deliver incentives to their customers base on ANY mobile device worldwide. Users are able to redeem offers at ANY Point of Sale or online, in a seamless transaction process that provides instant gratification for both the customer and the retailer. We focus on mobile carriers, loyalty operators, payment card portfolios and large retailers to enhance their offering with our end to end solution. We have partnered with several international brands to operate our white label offering.
Mobi724 s.r.l. of Argentina, is a wholly owned subsidiary of Mobi724 Solutions inc., Canadian corporation with offices in Montreal /Canada and Buenos Aires / Argentina. Mobi724 Solutions inc. is a wholly owned subsidiary Freeport Capital Inc. (CNSX: FAS) based in Montreal, Canada.
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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