Industry solution : Banks, Telco's, Processors and Acquirers can now enable their merchant
portfolios easily with a suite of EMV (EuroPay, MasterCard & Visa) Chip
& Pin, Chip & Signature & MSR (MagStripe Reader) mobile payment
solutions & devices allowing for « Host to Host » connectivity.
MONTREAL, Nov. 29, 2013 /CNW Telbec/ - Hybrid PayTech World Inc. (CNSX:HPT)(OTC:FPOTF) recently launched at the Cartes Paris tradeshow its proprietary "HybridVIRTUO" Ecosystem Platform for M-POS deployment; a unique host solution
allowing for easy integration with existing Payment Switches. This
scalable platform enables any Bank, Telco, Acquirer or Processor to
deploy a full suite of compliant mobile payment solutions including
Hybrid's "HybridMPOS" APPs built on the most popular Mobile OS's (Android, IOS, BB, Win6,7,8) for
enterprise and retail merchants. Additionally, Hybrid's multi-device
interoperability using Bluetooth or Audio-Jack payment acceptance
devices offers their merchants choice, and distribution channels
including ISV's (integrated software vendors), ECR (embedded cash
register systems) & ERP (enterprise ready platform) with "HybridConnect". No one is boxed in by a single product- Hybrid enables a product
strategy to merchants.
Hybrid PayTech management is excited about this launch as it is a unique
offering on a global scale. It is currently being deployed in the
Philippines and consecutively in regions of Asia & North America. The
scalability of HybridVIRTUO in the Philippines has allowed us to build
from ground up a solution that meets the needs of emerging markets and
is EMV (Chip & PIN, Chip & Signature) ready for mature markets.
Management also stated "With the success of the Paris tradeshow, Hybrid
has been invited to showcase and partner its Hybrid suite of solutions
in Central & South America and is currently in discussions with Banks
and Acquirers to initiate POC's (Proof of Concepts) for future rollout.
Our timing could not have been better then unveiling our full scalable
solution "HybridVIRTUO" in Paris. There are currently M-POS providers
in the market with a User Application and Device which have become
popular on a single user level and provide service as aggregators, but
Hybrids approach of enabling the multi-user with a multi-device
management solution and multi-acquirer connectivity approach
distinguishes Hybrid from the rest."
The Hybrid VIRTUO Eco-System platform combined with Hybrid's agnostic
EMV L2 kernel for devices can adapt any M-POS device having minimum EMV
L1 certification or higher. HybridVIRTUO is a Host to Host solution
using the ISO 8583 (Visa and MC) standard message format and supports
Master Session and DUKPT. Hybrid VIRTUO connects to any type of host
payment switch or gateway for Debit & Credit and gives clients an
immediate access to a large selection of M-POS devices currently
certified with HybridMPOS APPs. This has also become incredibly
important for payment device manufacturers trying to certify and deploy
their hardware and by partnering with Hybrid the device manufacturers
have an immediate go to market strategy.
About Hybrid PayTech World Inc. (CNSX:HPT) (OTC:FPOTF)
Hybrid PayTech World Inc. Develops an Enterprise Ready Mobile Payment
Platform for the leading OS's (IOS, Android, BB and Windows 6,7,8). The
Corporation's holding, First Equity Strategy LLC, markets itself with
the DBA: Hybrid PayTech. International subsidiaries include Hybrid PayTech Asia Inc, Hybrid
PayTech Aspac HK Ltd, Vault Acquiring Solutions LLC and Mobi724 Inc.
Hybrid PayTech based in Montreal, Canada, is a technology leader in the mobile payment
space for EMV& MSR 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. For more information
on Hybrid PayTech, visit www.hybridpaytech.com or www.hybridpos.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: Hybrid PayTech World Inc.
For further information:
SOURCE Hybrid PayTech World Inc. (formerly Freeport Capital Inc.)
For more information, please visit www.hybridpaytechworld.com or contact
Mike Tasillo 514.394.5200 / firstname.lastname@example.org