TORONTO, June 9, 2014 /CNW/ - Zomaron Inc. (a wholly owned division of Posera-HDX Ltd.) (TSX: HDX) (The Company) announced today that the Ontario Convenience Store Association ("OCSA") has selected Zomaron Merchant Services as their preferred provider of payment processing solutions across the province.
The OCSA has over 6,000 members including gas stations and variety stores. The association required a reliable, reputable, and competitive member partner for electronic payments processing solutions for its membership base across Ontario.
A recent survey of OCSA members showed that independent convenience stores were in need of better customer service, more advanced payment processing tools, and that they currently pay a higher Effective Merchant Discount Rate ("EMDR") to accept electronic credit and debit card payments. While offering higher quality payment processing solutions and personalized customer service, Zomaron is also able to pass on significant savings to independent and chain store members of OCSA with the preferred rates that the OCSA and Zomaron have agreed upon.
"Convenience stores in Ontario deserve to have a vendor that allows them to compete with processing costs that larger retailers in Ontario enjoy. We are pleased to have Zomaron offer competitive rates for our members. Zomaron has demonstrated a strong level of service for small businesses in the province," said Dave Bryans, the CEO of OCSA.
"We are very proud to provide our payment processing solutions to the OCSA members," said Tarique Al-Ansari, President of Zomaron Merchant Services. "The selection process was very thorough and we competed against multiple competitors, but our cost effectiveness, quality of processing solutions and dedicated personalized approach allowed us the chance to win the OCSA business."
About the Company
Founded in 2008, Zomaron provides credit and debit card processing solutions to Canadian merchants nationwide. Based in London, Ontario, Zomaron has offices in Edmonton AB, Toronto ON, and Montreal QC. Through its nation-wide network of sales representatives and strategic partnerships, Zomaron has experienced rapid growth, doubling its sales annually. Zomaron's exponential growth led it to be ranked on PROFIT magazine's 13th and 14th annual PROFIT HOT 50 issues in October 2012 and 2013 respectively. Zomaron's solutions and services can also be marketed and deployed in the United States.
Zomaron's parent company, Posera-HDX Ltd., is in the business of managing merchant transactions with consumers and facilitating payment. The company develops and deploys touch screen POS system software and associated enterprise management tools and has developed and deployed numerous POS applications. Posera-HDX also provides system hardware integration services, merchant staff training, system installation services, and post sale software and hardware support services.
Posera-HDX leading edge technology also includes prepaid stored value payments solutions, 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.
Posera-HDX Ltd. develops, deploys, and supports a restaurant point-of-sale software know as "Maitre'D" which has been deployed in over 20,000 locations worldwide in eight different languages. The Company sells and services its clients directly, as well as through a network of approximately 103 value added reseller partners in 25 countries with approximately 600 representatives selling, supporting & installing its software. Posera-HDX employs approximately 137 people in offices in Toronto, London, Brantford, Mississauga, Seattle, Montreal, Glasgow (U.K.), Paris (France) and Singapore.
This discussion includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with our business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect HDX's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks and Uncertainties" in the Annual Information Form to be filed on March 29th 2014 with the regulatory authorities. HDX assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
For further information: Paul Howell, Chief Executive Officer, Posera-HDX Ltd. (HDX), 350 Bay Street, Suite 700, Toronto, Ontario, M5H 2S6, (416) 703-6462 ext. 2263