Pivotal Payment Gateway Integrated into HomeATM's PCI Certified Technology for "Card Present" Transactions
Integration of the Pivotal Payment Gateway into HomeATM Devices to Open New Market Segments for Mobile Credit Card Processing
MONTREAL, QUEBEC--(Marketwire - March 29, 2010) - Freeport Capital Inc (CNSX:FAS) announced today that it has finalized an agreement with Pivotal Payments, through its First Equity Strategy LLC subsidiary, to integrate the Pivotal Payments Gateway (PPG) with the hand held HomeATM devices.
The HomeATM devices can now be used with laptops, PCs, and Smartphones to accept swiped credit card payments. This allows First Equity Strategy to establish a presence a specialized markets such as delivery services, tradeshows, direct selling, catalog sales and hospitality services where merchants have traditionally had to accept "card-not-present" transactions. With the PPG now integrated into the HomeATM device, merchant can accept "card present transactions" and benefit from substantial savings in processing fees.
The HomeATM devices can now be used with laptops, PCs, and Smartphones to accept swiped credit card payments. This allows First Equity Strategy to establish a presence a specialized markets such as delivery services, tradeshows, direct selling, catalog sales and hospitality services where merchants have traditionally had to accept "card-not-present" transactions. With the PPG now integrated into the HomeATM device, merchant can accept "card present transactions" and benefit from substantial savings in processing fees.
"We are excited to announce this agreement with Pivotal Payments," said President Michael Tasillo. "We expect the integration of the PPG on our HomeATM devices to provide significant benefits to a market segment that has to date limited processing options."
"Pivotal is pleased to be able to provide to First Equity Strategy our robust and low cost payment gateway," said Philip Fayer, president of Pivotal Payments. We are certain it will be significant added value to both First Equity Strategy and the merchants it services.
About Freeport Capital Inc.
Freeport Capital Inc. (CNSX:FAS) provides innovative Internet-based point-of-sale (POS) technology solutions for businesses and consumers worldwide. For more information, please visit www.freeportcap.com.
About Pivotal Payments
Pivotal Payments, a privately held company, is a leading merchant services provider with offices across North America. The company provides a full suite of merchant services to small and mid-sized retail businesses, mail order/telephone order merchants, e-commerce, chain stores, franchises, restaurants, and dealerships. Merchant services include credit and debit card processing, electronic check conversion, merchant cash advances, loyalty and gift card programs, as well as terminal management solutions.
Company and product information are available at www.pivotalpayments.com.
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