MONTREAL, Dec. 19, 2012 /CNW Telbec/ - Freeport Capital Inc. (CNSX:FAS) (the "Company") a leader in Mobile EMV Credit and PIN Debit payment solutions, announces that its subsidiary company recently acquired Vault Acquiring Solutions LLC achieves 500 Merchants on Vgate™ its payment gateway.
Vault Acquiring Solutions LLC today announced that the company has achieved over 500 merchants using Vault's vGate™ Payment Gateway. vGate™ enables merchants to manage their credit card, debit card, electronic check transactions and cash management features via Smartphone POS applications, POS terminals and cash registers. vGate™ powers encrypted Mobile, Retail, On-line and Mail and Phone order transactions to be centralized, monitored in real-time and stored in a PCI Compliant manner. Merchants gain access to vGate™ through a contracted Vault reseller who licenses vGate™ to their merchants or reseller using their own brand powered by Vault Acquiring Solutions. Vault provides their valued resellers with disruptive technologies to Square, Verifone and other players in the mobile payment and payment gateway sector offering like technologies servicing enterprise, start-up's, SMB and also micro merchants.
Vault's President Anthony Ribas states "Our business model and management team's ability to stay ahead of our competitors, in sync with the card associations requirements, listening to customers and solving difficult price barriers are the result of our growth since our recent acquisition and internal restructuring" Anthony Ribas further added, this small milestone is the beginning of significant growth for the company. We are growing our partnerships, signing more contracts and seeing an increase of merchants using vGate™ as a result of our unique, vendor neutral approach to arming resellers with strategy, branding tools, technology and disruptive price models valuable to retention and new customer acquisitions. Vault has also completed the integration of an e-Wallet provider, two US and International ACH providers in addition to expanding our product line with EMV and NFC capable devices for smartphone applications.
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 Debit acceptance. With a global footprint, Hybrid Paytech is an enabler of easily deployable payment systems focusing on EMV l1& L2 compliant solutions for quick merchant adoption in fleet, delivery, logistics and retail merchants over Smartphones, Tablets & PDA's on Five OS's.
For further information on Hybrid PayTech, please visit www.hybridpaytech.com and click on our corporate video presentation http://www.youtube.com/watch?v=XvZHrck2eag&feature=youtu.be
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.
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Freeport Capital Inc. (FAS:CNSX)
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