TORONTO, June 14, 2012 /CNW/ - Posera - HDX Limited ("Posera-HDX") (TSX: HDX) announced today that it has been approved for membership in Interac Association as an Indirect Connector to perform the functions of an Acquirer in the Shared Cash Dispensing ("SCD") Service, subject to ratification by Interac's Board of Directors at its next meeting.
Posera-HDX Ltd. owns and operates a Postillion payment switch developed by S1 Corporation. In addition to the provision of SCD services, Posera-HDX plans to expand the payment switch to facilitate the processing of Point-of-Sale ("POS") transactions for its merchant client base.
"The approval of our membership in the Interac Association is a very positive step forward for our company", says Paul Howell, CEO of Posera-HDX Ltd. "S1 Corporation's solutions for Mobile Banking, Retail Payments, Merchant Acquiring, and Payments Processing are used by leading banks and retailers world-wide. Our robust and secure hosting environment and operational PCI-PADSS certified processing solutions will give Posera-HDX Ltd. the ability to provide payment processing alternatives to our customers. This will enhance and grow existing client relationships where we currently provide POS solutions, business control systems, and business intelligence tools."
"Congratulations and thanks to our team for all of their hard work in getting us to this point", says Sol Korngold, COO of Posera-HDX Ltd. "Transaction processing services are a natural extension of our business. Our Interac membership marks another milestone in realizing the full potential of our S1 payment switch."
Through its corporate offices in Toronto, London, Brantford, Seattle Washington, Montreal, Paris, Singapore, and Glasgow, Posera-HDX has a direct sales and service team.
The company has also built a network of approximately 113 value added resale partner companies in 25 countries. There are approximately 1,100 representatives selling, supporting & installing the Posera-HDX Maitre 'D software worldwide and the solution has been deployed in over 20,000 locations in eight different languages around the world.
Posera-HDX customers include Tim Hortons, Wendy's, Arby's, Quick (France), Popeye's, East Side Mario's, O'briens, St-Hubert, Pita Pit, Popeye's, Dunkin' Donuts, Pizza Delight, Baton Rouge, Scores, Hooters, Casey's, Supermac's, HDOS, KFC, Extreme Pita, Pizza Hut, among many others.
About Posera-HDX Limited (the "Company)
The Company 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.
The Company's 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.
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 the Company'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 of Posera - HDX Inc. filed on March 24th, 2011 with the regulatory authorities. Posera-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:
Chief Executive Officer
350 Bay Street, Suite 700
Toronto, Ontario M5H 2S6
(416) 703-6462 ext. 2263