ORLANDO, Fla., Jul. 30, 2015 /PRNewswire/ --ID Global Solutions Corporation (OTC: IDGS)("ID Global"), a company focused on the global payment solutions market, announces that it has acquired MultiPay SAS, which is headquartered in Bogota, Colombia (http://www.multipay.com.co/). Multipay offers a multifunctional payment gateway services to merchants, enterprise businesses and banking institutions in Colombia and Peru.
MultiPay is an IT service provider, that supplies end-to-end transaction processing technology including, transactional routing, payment gateways, electronic devices management, stored value card programs, mobile financial solutions and value added services to payment and services networks.
Mr. Thomas Szoke, Chief Executive Officer of ID Global Solutions Corporation commented "We are excited to move ahead with the acquisition of MultiPay SAS in Bogota, Colombia and expand our payment technology portfolio. Our entry into this new business vertical – multifunctional payment processing – gives us a significant foothold in the secured processing payment industry"
ID Global recently completed a private placement of approximately $900,000, which will be utilized to expand its operations in the secured payment processing and biometrics industry.
Terms of the acquisition and funding are available at ID Global's SEC filings.
ID Global is an international biometrics and payment processing company with a unique technology platform that provides valuable, secure payment processing for consumers as well as for merchants.
ID Global's divisions are:
ID Global Solutions
ID Global's advanced Person Present Payment solution mitigates consumer risks associated with credit card in-store and on-line payment transactions. ID Global is focused on the growing need for financial fraud protection solutions. ID Global provides a multi-functional payment transaction solution with Tranxa®, a highly sophisticated biometric identity management system with its IDSearch, and a second and third factor authentication technology as well as its mobile wallet application SRIO®, to merchants, financial institutions, and consumers worldwide. ID Global is headquartered in Longwood, Florida, with engineering and manufacturing facilities in Europe, South America, and the US. Our Multipay division has operations in Colombia and Peru.
Forward Looking Statements
This news release may contain forward-looking statements that are based on ID Global's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and ID Global undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
Thomas Szoke, Chief Executive Officer
Corporate Phone Number: +1-(407)951-8640
SOURCE ID Global Solutions Corporation