Hybrid PayTech World Inc. (CNSX:HPT) (OTC:FPOTF) Announces Launch of HybridVIRTUO "EMV & MSR Device Host Payment Switch" Enabling Mobile Payment For Acquirers
29 Nov, 2013, 09:04 ET
Industry solution : Banks, Telco's, Processors and Acquirers can now enable their merchant portfolios easily with a suite of EMV (EuroPay, MasterCard & Visa) Chip & Pin, Chip & Signature & MSR (MagStripe Reader) mobile payment solutions & devices allowing for « Host to Host » connectivity.
MONTREAL, Nov. 29, 2013 /PRNewswire/ - Hybrid PayTech World Inc. (CNSX:HPT)(OTC:FPOTF) recently launched at the Cartes Paris tradeshow its proprietary "HybridVIRTUO" Ecosystem Platform for M-POS deployment; a unique host solution allowing for easy integration with existing Payment Switches. This scalable platform enables any Bank, Telco, Acquirer or Processor to deploy a full suite of compliant mobile payment solutions including Hybrid's "HybridMPOS" APPs built on the most popular Mobile OS's (Android, IOS, BB, Win6,7,8) for enterprise and retail merchants. Additionally, Hybrid's multi-device interoperability using Bluetooth or Audio-Jack payment acceptance devices offers their merchants choice, and distribution channels including ISV's (integrated software vendors), ECR (embedded cash register systems) & ERP (enterprise ready platform) with "HybridConnect". No one is boxed in by a single product- Hybrid enables a product strategy to merchants.
Hybrid PayTech management is excited about this launch as it is a unique offering on a global scale. It is currently being deployed in the Philippines and consecutively in regions of Asia & North America. The scalability of HybridVIRTUO in the Philippines has allowed us to build from ground up a solution that meets the needs of emerging markets and is EMV (Chip & PIN, Chip & Signature) ready for mature markets.
Management also stated "With the success of the Paris tradeshow, Hybrid has been invited to showcase and partner its Hybrid suite of solutions in Central & South America and is currently in discussions with Banks and Acquirers to initiate POC's (Proof of Concepts) for future rollout. Our timing could not have been better then unveiling our full scalable solution "HybridVIRTUO" in Paris. There are currently M-POS providers in the market with a User Application and Device which have become popular on a single user level and provide service as aggregators, but Hybrids approach of enabling the multi-user with a multi-device management solution and multi-acquirer connectivity approach distinguishes Hybrid from the rest."
The Hybrid VIRTUO Eco-System platform combined with Hybrid's agnostic EMV L2 kernel for devices can adapt any M-POS device having minimum EMV L1 certification or higher. HybridVIRTUO is a Host to Host solution using the ISO 8583 (Visa and MC) standard message format and supports Master Session and DUKPT. Hybrid VIRTUO connects to any type of host payment switch or gateway for Debit & Credit and gives clients an immediate access to a large selection of M-POS devices currently certified with HybridMPOS APPs. This has also become incredibly important for payment device manufacturers trying to certify and deploy their hardware and by partnering with Hybrid the device manufacturers have an immediate go to market strategy.
About Hybrid PayTech World Inc. (CNSX:HPT) (OTC:FPOTF)
Hybrid PayTech World Inc. Develops an Enterprise Ready Mobile Payment Platform for the leading OS's (IOS, Android, BB and Windows 6,7,8). The Corporation's holding, First Equity Strategy LLC, markets itself with the DBA: Hybrid PayTech. International subsidiaries include Hybrid PayTech Asia Inc, Hybrid PayTech Aspac HK Ltd, Vault Acquiring Solutions LLC and Mobi724 Inc.
Hybrid PayTech based in Montreal, Canada, is a technology leader in the mobile payment space for EMV& MSR credit and debit acceptance. With a global footprint, Hybrid is an enabler of easily-deployable payment systems focusing on authentication, approved security and quick merchant adoption in Fleet, Delivery, Logistics and Retail. For more information on Hybrid PayTech, visit www.hybridpaytech.com or www.hybridpos.com
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 Hybrid PayTech World Inc.
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