MONTREAL, Feb. 7, 2013 /CNW Telbec/ - Freeport Capital Inc. (CNSX: FAS)
subsidiary Vault Acquiring Solutions LLC today confirms the company has
doubled its customer base to over 1000 merchants since our October 2012
announcement using Vault's vGate™ Payment Gateway. vGate™ is unique to
other payment gateway providers in that vGate™ supports all types of
payment applications, not just eCommerce, a virtual terminal or support
for website shopping carts. vGate™ can process retail, mobile,
restaurant, eCommerce and nearly any custom developed payment software,
including the ability to handle Pin-based-debit card transactions using
terminals and external PCI (PED) certified Pin pads.
Debit card transaction fees are now regulated and capped by the card
associations and POS systems are migrating to tablets and smartphones
so supporting mobile pin-based debit card processing is important to
merchant's ability to benefit from these cost savings. vGate™ also
provides enhanced fraud tools and tokenization services at no
additional charge which other gateway providers may offer at additional
All vGate™ transactions are encrypted, centralized, monitored in
real-time and stored in a PCI Compliant manner. Merchants can license
vGate™ through a contracted Vault reseller who licenses vGate™
typically using their own brand that's hosted and powered by Vault
Acquiring Solutions. Vault provides their valued resellers with
disruptive and competitive payment technology to market leader's
Square, Verifone and Micros that other retail, eCommerce, restaurant
and payment gateway providers do not support or offer.
Anthony Ribas further states "Increasing our customer base by offering
our resellers competitive market solutions, easy to sell or subsidize
bundled pricing and integrated payment solutions without the costs
associated with compliance or development verifies that our business
strategy is being well received"
About Vault Acquiring Solutions Inc.
For ten years Vault's team has been developing payment gateway, mobile
POS payment applications and hardware devices internationally. From
inception, Vault has been positioning its technology platform to be
quickly private-labeled for Banks, Acquirers, Card Issuers, Resellers
and POS hardware manufacturers. Vault provides product fulfillment,
Pin-Debit Key-Injection and End to End Encryption services throughout
the Americas. For more information visit www.vaultpos.com.
About Freeport Capital Inc.
First Equity Strategy LLC (DBA; Hybrid Paytech) is a subsidiary of
Freeport Capital Inc. Based in Montreal, Canada; Hybrid Paytech is a
technology leader in the mobile payment space for EMV, Credit and Pin
Debit acceptance offering an ERP (Enterprise Ready Platform) enabling
Processors & Acquirers with quick merchant adoption solutions. With a
global footprint, Hybrid Paytech is an enabler of easily deployable
payment systems for Smartphones & Tablets focusing on Encryption &
Authentication for Merchants in the Fleet, Delivery, Logistics,
Transit, Government, Hospitality and "on the go" Retail industry. For
more information visit www.hybridpaytech.com.
SOURCE: FREEPORT CAPITAL INC.
For further information:
Freeport Capital Inc. (CNSX:FAS)
Mr. Michele Tasillo (514) 394 5200 firstname.lastname@example.org