In December 2006 Global Payments Inc. (NYSE:GPN), a leader in payment processing services, announced the introduction of a Mobile Processing Solution using the WAY Systems Mobile Transaction MTT 1556 Credit/Debit terminal. The product combines the security and performance of a traditional POS terminal with the ease of using a mobile phone.
The new product targets both traditional and non-traditional merchants who are constantly on the move and need to accept payment at the time and place of sale, away from a retail countertop or fixed sales site. The WAY Systems mobile device accepts both credit and PIN-based debit card transactions made virtually anywhere in the U.S., utilizing a network of wireless carriers and connecting to Global Payments through the Cingular GPRS (General Packet Radio Service) Wireless Network.
Vice President of Product for Global Payments, Tony Abruzzio, said, "The WAY Systems MTT terminal and its connectivity to the GPRS wireless network will provide an exciting new solution for the many merchants who conduct business in the field and cannot be tethered to a desk or brick and mortar location. We expect Global's Mobile Processing Solution to meet the needs of a wide variety of merchants, including home repair and delivery services, trade show vendors, special events sponsors and antique or art show vendors."
Global Payments is the first major processor to provide a single point of contact for the terminal, application and wireless service, giving merchants comprehensive, end-to-end support," Mr. Abruzzio said. "The product is small, with an intuitive form factor, and ready to use right out of the box."
Fullerton . "Class A certification for this product brings with it the mainstream support provided by Global Payments' exemplary support organization for the benefit of its merchants."
Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies, multi-national corporations and gaming establishments located throughout the United States, Canada, Latin America, Europe and the Asia-Pacific Region. Global Payments offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, check verification and recovery, as well as terminal management. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America, Morocco , and the Philippines . For more information about the company and its services, visit www.globalpaymentsinc.com