San Diego-based Transaction Wireless has entered into its first processor licensing agreement with gift and rewards card processor Secure Payment Systems Under the agreement, Transaction Wireless will perform its first processor integration with SPS to build a wireless transaction system that lets consumers redeem and manage that allows consumers to buy and send gift cards, request balances, combine balances from multiple cards, add funds to cards, and more via their mobile phone. For merchants, the gift card transaction platform will become a powerful communication and branding tool. The application incorporates text messaging, Internet, and voice technologies and operates on any wireless system or transaction processing platform. Secure Payment Systems provides transaction processing and risk management systems.
San Diego-based Secure Payment Systems has inked a deal with credit card processor US Merchant Services to offer SPS check guarantee services including the SPS “PayDay” 90-day “same-as-cash” loan program. SPS also reported this week a record 48% increase in volume for the first four months of this year as compared to the same period in 2002. SPS offers an integrated check conversion and gift card program and other check services. The company was founded in 1996 by Lin Fellerman, former 20 year employee and 10 year President of the Telecredit/Equifax Check Services subsidiaries.