MANILA, Philippines, Jan. 10, 2014 /CNW Telbec/ - Hybrid PayTech World Inc (CNSX: HPT) (OTC: FPOTF) announced today that
Smart eMoney Inc. (SMI) the financial services subsidiary of Smart
Communications Inc. (Smart), and Hybrid PayTech Asia Inc. (Hybrid) have
collaborated for the deployment of a pioneering mobile payment
ecosystem platform to enable enterprise and retail businesses in the
Philippines.
Under the recently signed agreement, SMI will use the HybridVIRTUO
Ecosystem Platform for mobile point-of-sale (mPOS) roll-out which
includes a unique host of solutions for easy integration with other
existing payment systems. The scalable Hybrid platform will enable SMI
to deploy a full suite of compliant mobile payment solutions for
businesses and includes Hybrid's HybridMPOS APPs, a mobile application
built on the most popular operating systems for wireless devices such
as Android, IOS, BB, and Win6,7,8.
Hybrid's platform which allows for multi-device interoperability using
Bluetooth or audio-jack payment acceptance units will offer clients of
SMI the ability to acquire mPOS MasterCard credit card transactions,
allowing processing and acceptance of card payments conveniently.
Plans are underway for SMI to deliver online debit using Personal
Identification Number (PIN) system with existing Philippine Automated
Teller Machine (ATM) cards for smartphones, tablets and mobile
enterprise devices. This mPOS platform operates on all mobile
platforms: IOS, Windows, Android, Blackberry, and all major and most
local mobile devices brands.
The system is also compliant with the Payment Card Industry Data
Security Standards (PCI-DSS), the global security standard that helps
to prevent card and data fraud by evaluating payment account data
security and assessing an organization's network architecture, software
design, security policies, procedures and protective practices.
"This engagement with SMI is the first in the Philippines to showcase
complete live mPOS transactions. We are excited to work with SMI to
enable services and to expand the product line in the near future.
Smart through SMI represents a strong opportunity for Hybrid as we
launch in the Philippines and prepare for expansion within the country
and in other Asia countries. Financial institutions and telcos are
aggressively pursuing deployment of mobile technology to deliver safe,
secure, and easy to use mPOS systems that accept different cards of
cards." said Gary Repchuk, Director at Hybrid PayTech Asia.
"We look forward to rolling out this platform and building more
offerings for our clients, including Smart and PLDT subscribers. This
will definitely help spur more mobile payment transactions by building
an ecosystem of enabled merchants and empowered card holders who will
now have more services available for their needs." said Benjie S.
Fernandez, managing director at SMI
At a recent Smart fundraising event at the Mall of Asia Arena for the
Filipinos effected by Super Typhoon Yolanda (Haiyan), SMI utilized the
new mPOS devices to accept donations from credit cards. Hybrid's
solution enables SMI merchants to process MasterCard and in the near
future other credit cards and Pin Debit/ATM transactions, using their
own smartphones or tablets. The event provided an opportunity to pilot
run the solution to the public.
About Smart e-Money, Inc.
Smart e-Money, Inc. (SMI) is a pioneer in mobile banking and mobile
wallet services, implementing a proprietary mobile commerce
infrastructure that spans various products and services across
different market segments. SMI provides opportunities for financial
institutions to introduce their services to unbanked customers, and for
mobile network operators to expand the range of products available to
their customers. It provides open mobile payments processing with
value-added services. Its platform has expanded across Latin American
countries, with services launched in Brazil and Argentina in
partnership with MasterCard Worldwide. SMI is a subsidiary of Smart
Communications, Inc., the leading wireless services provider in the
Philippines. Visit www1.smart.com.ph/corporate or www.pldt.com info (NYSE:PLDT)
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.
Visit www.hybridpaytechworld.com
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.
