New Solution Addresses Growing Need for On Demand Payment and Printing
SAN FRANCISCO, CA, Dec. 10, 2012 /CNW Telbec/ - InvoiceASAP, a
recognized leader in mobile business solutions is partnering with
Hybrid Paytech (Freeport Capital Inc: FAS: CNSX), to provide fully
integrated mobile business solutions combining mobile payments,
invoicing & POS. These solutions will allow businesses to use existing
merchant accounts in the field in conjunction with mobile invoicing and
POS applications that are fully integrated with accounting
software. Leveraging Hybrid's payment platforms with invoiceASAP's
mobile applications will allow users to process credit card payments
for invoices and retail sales at lower rates using existing merchant
"This partnership will give Mobile Invoicing and Mobile POS users much
lower mobile processing rates without having to switch merchant
accounts or use one of the existing mobile credit card processors that
typically charge 2.7% or more," said Paul Hoeper, CEO of invoiceASAP.
"These seamless solutions finally tie mobile payments with invoicing,
POS and accounting ."
Hybrid Paytech is one of the first mobile payment companies to develop
Payment Card Industry (PCI) compliant Debit and Credit applications
across the mobile market's five major consumer-based operating systems.
According to research released by VDC in 2011, the mobile worker
population exceeded one billion in 2010. With an increasingly mobile
and distributed workforce, this population will grow by over 10 percent
during the next three years. Mobility—and the technology that drives
it, including mobile printers—is critical for improving business
agility and responsiveness.
"Our partnership with invoiceASAP really hits home for the established
merchant who needs to enable payment without having to create a new
financial account to do so.'' states Kevin Conabree, Head of Strategic
Development and Partnerships, Hybrid Paytech, ''Invoicing and taking
payment as a business shouldn't be a whole new process, so delivering
payment using existing merchant accounts for mobile credit and full
PIN-Debit over consumer-based mobile technology makes a lot of sense."
Initial rollout of the joint solution is scheduled for the US market in
Q1 2013 and will be deployed internationally with the help of Hybrid's
100+ banking network connectivity by the end of Q2 2013.
About invoiceASAP (www.invoiceasap.com)
InvoiceASAP is the first fully integrated Mobile Invoice Network. More
than 70K business users choose invoiceASAP for mobile invoicing and
cloud storage. The invoiceASAP cloud integrates to major accounting
platforms such as QuickBooks and QuickBooks Online, providing business
users a complete end to end solution for operations in the field. Product offerings also include Mobile POS and inventory management.
About Freeport Capital Inc.
Part of First Equity Strategy LLC, a division of Freeport Capital Inc.
(FAS: CNSX) and based in Montreal, Canada, Hybrid Paytech is a
technology leader in the mobile payment space for credit and debit
acceptance. With a global footprint, Hybrid is an enabler of
easily-deployable payment systems focusing on authentication, approved
security and quick merchant adoption in fleet, delivery, logistics and
retail. With its current banking and fund-transferring partnerships,
Hybrid Paytech has market access to over 3 million merchants worldwide.
For more information on Hybrid Paytech, please visit hybridpaytech.com.
The Canadian National Stock Exchange (CNSX) has not reviewed this news
release and does not accept responsibility for its adequacy or
accuracy. This news release does not constitute a solicitation to buy
or sell any securities in the United States
SOURCE: FREEPORT CAPITAL INC.
For further information:
Freeport Capital Inc. (FAS:CNSX)
Mr. Michele Tasillo (514) 394 5200 email@example.com