NEWS - VSI is on a role Jun 04, 2012 (Filing Services Canada via COMTEX) -- Europe's leading prepaid product paysafecard now available through VendTek across Canada
Vancouver/Vienna - June 4, 2012 - VendTek Systems Inc. (VSI - TSX Venture) (the "Company"), a developer and licensor of software for the global prepaid and financial services markets, today announced that it has teamed-up with Europe's leading prepaid payment provider paysafecard group. The deal enables Canadian consumers to use an easy and secure prepaid solution similar to cash for their online purchases. The popular prepaid voucher paysafecard is already a huge success in 29 countries around the world.
"We are excited about adding this innovative and award winning product to our network," said Doug Buchanan, President and CEO of VendTek Systems. "paysafecard vouchers are an ideal way for the cash preferred consumer to digitize their money and make purchases with thousands of online merchants."
"Although credit cards are widely used in Canada, there are still millions of people who don't have a credit card or bank account or who don't want to use them for online purchases," said Michael Mueller, CEO of paysafecard group. "Together with VendTek we give consumers access to the world of ecommerce. Companies in Canada that introduce paysafecard as one of their payment options can also benefit as they can now reach out to new target groups."
paysafecard vouchers are available at nearly 15,000 outlets through VendTek in Canada in denominations of $10, $30, $50 and $100. To purchase a paysafecard, customers pay the retailer in cash. Every paysafecard comes with a unique 16-digit PIN. Customers do not have to register themselves and no credit card or bank account is required. The vouchers are not limited to one particular online-shop or game and can be used at any website that offers paysafecard as a payment option.
The vouchers function like a charge card for mobile phones. When making a payment, customers' financial privacy remains fully intact. The 16-digit PIN is all that is needed to make a transaction. The amount paid is then debited from the paysafecard balance, which can be checked online at any time. More than 3,500 web-shops around the world accept paysafecard as a payment method. The vouchers can be bought at 350,000 outlets in Europe, North America and South America.
For more information please contact Samantha White at 604-805-4653 or 1-800-806-4958 or investment@vendteksystems.com.
About VendTek
VendTek develops and licenses automated transaction system software and supporting technologies. VendTek's customers, subsidiaries and its Now Prepay division use e-Fresh(tm) software to build electronic, prepaid services networks that enable consumers to purchase prepaid products and services via POS and self-serve terminals connected to a central server. This system creates significant value through improved efficiencies compared to a traditional distribution model. e-Fresh(tm) reduces shrinkage and inventory requirements for vendors while improving consumer access to prepaid products and services by completely eliminating physical cards and vouchers. VendTek has deployed its software around the world including Canada, United States, Asia, the Middle East and Africa. For further information please visit the Company's websites