VendTek Systems Inc. is pleased to announce that its
wholly owned subsidiary Now Prepay Corp. has entered into an
agreement with Global Payments in Canada.
As a result of this agreement, Global Payments has certified VendTek’s
e-Fresh Now Prepay client software on selected Canadian POS
will make the service available to Global Payments’ Canadian customers. This
new channel will add to the growing number of Canadian retailers that
to provide their consumers with Now Prepay’s large variety of prepaid
services. Any merchant with the software can elect to sell such prepaid
services as Cellular Phone Account top ups and Long Distance Calling Plans
from their enabled Global Payments processing terminal.
By using Now Prepay, merchants can offer their customers an extensive
selection of prepaid services more easily and efficiently and without
to hold or manage a physical inventory of prepaid cards. Additionally, the
elimination of large on-site card inventory reduces security risks and out of
stock concerns, providing “just in time” availability, thereby increasing
merchants’ cash flows and allowing them to only pay for the product they
when they sell it.
Now Prepay President, Doug Buchanan commented, “We are very excited
our new relationship with Global Payments, a recognized leader in payment
processing in Canada. Providing Canadian merchants with a more cost
and profitable method to service their customers’ prepaid phone card
our prime objective, and working with Global Payments will allow a larger
number of Canadian merchants to benefit from our solutions”.
“Global Payments is committed to delivering as much value as we can to
our merchants,” said Jordan E. Cohen, president of Global Payments, Canada.
“Enabling our Canadian customers access to Now Prepay’s prepaid products
give them a wider ranger of services through the Point of Sale terminal and
help contribute to their profitability.”
About Global Payments Inc. (http://www.globalpaymentsinc.com)
Global Payments Inc. (NYSE:GPN) is a leading provider of electronic
transaction processing services for consumers, merchants, Independent Sales
Organizations (ISOs), financial institutions, government agencies and
multi-national corporations located throughout the United States, Canada,
Latin America and Europe. Global Payments offers a comprehensive line of
processing solutions for credit and debit cards, business-to-business
purchasing cards, gift cards, check guarantee, verification and recovery
including electronic check services, as well as terminal management. The
company also provides consumer money transfer services from the U.S. and
Europe to destinations in Latin America, Morocco, the Philippines and India.
For additional information about the company and its services, visit
About VendTek and Now Prepay (http://www.vendteksys.com /
VendTek Systems Inc. develops and licenses e-Fresh(TM) software and
related technologies, which provides electronic distribution of prepaid
telecommunication and financial services. VendTek is commercializing the
e-Fresh(TM) software under license to create sustainable and recurring
revenues. VendTek’s customers and its subsidiaries, Now Prepay Corp. (in
Canada) and VendTek Systems Technologies (in China), are using e-Fresh(TM)
software to build electronic, prepaid services networks which enable
to purchase prepaid services via POS and self-serve terminals connected to a
central e-Fresh(TM) server. This system creates significant value through
improved efficiencies compared to the traditional distribution paradigm.
e-Fresh(TM) reduces shrinkage and inventory requirements while improving
consumer access to prepaid services since it is completely electronic and
eliminates physical cards and vouchers.