TORONTO, Oct. 18 /CNW/ - Hosted Data Transaction Solutions Inc. ("HDX")
is pleased to announce the successful integration and deployment of the Dexit
Prepaid Payment Service (the "Dexit Service") to the high school cafeteria
environment. HDX (formerly Dexit Inc.) is listed on the TSX under the symbol
For students, the Dexit Service provides a safe, quick and convenient way
of paying at the cafeteria without having to carry cash. Parents gain the
comfort of knowing that lunch money is being spent at the cafeteria rather
than elsewhere. Further, automatic refill features - via credit card or bank
account - effectively take away the burden of having to provide lunch money to
students each morning. The entire Dexit Service is privately branded with a
web site that allows users to view transactions, opt in for useful email
alerts (ie. account balance) and set automatic refill preferences.
The introduction of the Dexit Service to a "closed-loop" environment
represents a new strategic thrust for HDX. "Academic and corporate campuses
are the types of environments that dovetail nicely with the Dexit Service
offering", says Sol Korngold, COO of HDX. "The value proposition, to both
cafeteria operators and their patrons, is very strong. We will continue to
aggressively pursue environments that showcase the many benefits and unique
features of our service".
Since December, 2006, HDX has focused development efforts on integrating
the Dexit Payment Service directly to its point of sale system technology.
Quick transaction speed and payment accuracy are the two most critical
elements being sought by merchants to improve their customers' shopping
experience. "This deployment demonstrates our focus on specific competitive
strengths" says Paul Howell, President and CEO of HDX. "Our contactless RFID
payments solution integrated with our own touch-screen POS system increases
speed of customer throughput, increases average sales order size, and reduces
shrink by removing employee error and theft during the payment process. The
ability for our merchants' customers to securely reload their account via a
private branded website provides a level of convenience that bolsters customer
satisfaction and drives more business to the merchant".
About the Company
HDX is in the business of managing merchant transactions with consumers
and facilitating payment. HDX develops and deploys touch screen POS system
software and associated enterprise management tools and has developed and
deployed numerous POS applications. HDX also provides system hardware
integration services, merchant staff training, system installation services,
and post sale software and hardware support services. Leading edge technology
also includes customer self serve kiosks and "line buster" mobile point of
sale terminals. These products have been designed to dramatically enhance
customer throughput and drastically reduce customer queues. These technologies
are especially effective in high foot traffic environments that have limited
cash register counter space, limited retail square footage, and the absence of
a drive through.
HDX has pioneered an "instead of cash"(R) electronic based payment
facilitation service. The Dexit(R) Prepaid Payment Service can be private
branded for a specific merchant and enables customers to pay for items quickly
and conveniently with the tap of a RFID (radio frequency identification) tag
linked to a pre-paid account. The Dexit payment solution is especially well
suited for corporate and institutional cafeteria environments where hundreds
of customers purchase and pay for meals in compressed periods throughout the
The TSX neither approved nor disapproved the contents of this release.
(R) Registered trademark of HDX - Hosted Data Transaction Solutions Inc.
For further information:
For further information: Paul Howell, President/CEO, Hosted Data
Transaction Solutions Inc. (HDX), (416) 703-6462, extension 263