Wildcard Wireless Solutions Inc. announced it has received Vital Processing Services Inc.’s Class B platform certification for both its restaurant and retail software applications in the United States. The software applications, which run seamlessly on Wildcard’s TransAKT wireless point-of-sale terminals, will allow the Company to immediately begin marketing its flagship product in the American marketplace.
Certification with Vital is a necessary step for processing credit card transactions through any of the 300 merchant acquirers that Vital services. A leader in technology-based commerce enabling services, Vital is the commerce connection between acquirers and merchants, processing one out of every four authorized payment transactions in North America. From authorizing and capturing electronic payments at the merchant point of sale, to clearing and settling transactions, Vital provides highly reliable, integrated end-to-end processing services to more than 300 acquirers and over one million merchants. Vital processes all payment types for merchants of all sizes from a wide array of industries and provides merchants and acquirers with the information and tools to efficiently manage their merchant payment businesses.
Wildcard is currently in negotiations with several of these U.S. merchant acquirers who are interested in marketing and distributing the company’s TransAKT(TM) POS terminals.
Dan Pomerleau, President of Wildcard states, “The certification with Vital, which we achieved ahead of schedule, will allow us to immediately respond to the many product requests we have received from American POS providers. With the size of the US market being approximately 15 times greater than the Canadian electronic payments market, we see this as a tremendous growth opportunity.”
About Vital Processing Services
Vital is a merchant processing joint venture of Visa U.S.A. and TSYS(R) (“NYSE: TSS”). Vital’s clients include a variety of companies, commonly referred to as Merchant Service Providers (MSPs). This includes 25 of the top US acquirers. Additional information regarding Vital can be found at [www.vitalps.com].
About Wildcard Wireless Solutions Inc.
Wildcard is a leading developer of secure wireless electronic payment and communication solutions that add value at the point of sale for consumers, merchants and acquirers alike. The TransAKT(TM) wireless terminal is an integrated PIN Pad secured Point-of-Sale device that attaches to a cellular phone without impacting its normal operation. TransAKT(TM) currently attaches to Motorola’s StarTAC(R)/Timeport(TM) PCS and iDEN(R) family of mobile phones, giving merchants the ability to easily and securely accept multiple methods of electronic payment in the field. Wildcard Wireless Solutions Inc. is trading on the TSX Venture Composite Index under the symbol “WDC” and also has a US inter-change listing under the symbol “WCWLF”. For more information please visit [www.wildcardwireless.com]. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.