VeriFone Bluetooth

VoiceFlash Networks Inc. announced that the company has signed a memorandum of understanding with VeriFone, Inc., to explore the viability of cooperating in the development of retail mobile commerce products.

These products would allow merchants to easily deploy a mobile commerce solution consisting of VeriFone point of sale (POS) terminals with embedded Bluetooth technology by VoiceFlash’s Wireless Adaptor Module 2.0 (WAM). The solution would provide a secure and convenient method for transactions to occur in the retail, hospitality, food service, and travel industries, among others, using the benefits of Bluetooth.

Bluetooth is a global de facto standard for wireless connectivity. It uses a low-cost, short-range radio link, eliminating the cords, wires and cables previously required for digital devices to communicate. When two Bluetooth equipped devices come within 10 meters range of each other, they can establish a connection. Because Bluetooth utilizes a radio-based link, it doesn’t require a line-of-sight connection in order to communicate. VoiceFlash and VeriFone will combine the Bluetooth and POS worlds to enable the development and deployment of enterprise-level applications for wireless devices. The Bluetooth-enabled POS devices are expected to be operational by year-end.

John Falcone, President of VoiceFlash Networks, stated, “We are fortunate to be able to work with a world-class company such as VeriFone to distribute this new solution. By working with VeriFone we expect to bring a comprehensive, industry-wide solution to market which will streamline the transaction, loyalty card, and identity validation process at the point-of-sale.” “We are entirely dedicated to adding value to the point of sale, making it easier and less expensive for merchants to securely conduct a wide range of transactions and services right from their VeriFone POS terminal,” said Stuart Taylor, vice president of emerging markets at VeriFone Inc. “We are confident that by working with VoiceFlash we can quickly deliver the many benefits of Bluetooth wireless connectivity to the POS.”

About VeriFone, Inc.

VeriFone, Inc. ([http://www.verifone.com][1]) is the leading global provider of secure electronic-payment solutions for financial institutions, merchants and consumers. VeriFone has shipped more than nine million electronic payment systems, which are used in more than 100 countries.

About VoiceFlash Networks, Inc.

VoiceFlash Networks, Inc (Nasdaq:VFNX) is a leader in the commercialization and integration of Bluetooth, wireless, and point-of-sale technologies. The company’s offerings lead the wireless evolution by linking independent mobile devices with one platform for the management of personal information via point-of-sale systems and open standards-based Application Programming Interface (API). For more information, please visit VoiceFlash at [www.voiceflash.com][2].

[1]: http://www.verifone.com/
[2]: http://www.voiceflash.com/

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PAY PARKING DEAL

SchlumbergerSema announced it is providing
state-of-the-art management systems for off-street parking lots serving
passengers on the new high-speed TGV-Med train service between Paris and
Marseille in Southern France. The $1.6 million contract was awarded by
SNCF’s private parking subsidiary, Sceta Parc, in a competitive tender.
SchlumbergerSema has already installed its Flexio parking management
systems at two stations in Marseilles and one in Valence, with further
installations scheduled for Avignon and Aix-en-Provence.

This is a high-profile project, and the ability to meet aggressive
installation timescales, a track record of successful joint projects with
Sceta Parc and a solid network of local agents to provide 24/7 support were
key factors in winning the contract.

From the train traveller’s point of view, speed and simplicity are the
parking priorities. Flexio provides the broadest possible range of payment
options, from cash to contactless smart cards, underpinned by
SchlumbergerSema unrivalled e-payment expertise. At the same time, it
offers Sceta Parc’s management excellent levels of control, including the
ability to make immediate tariff adjustments, for holidays or special
promotions, for example, as well as the ability to reconfigure and grow the
system to meet future needs.

Flexio solutions incorporate pay stations, entry and exit gates, central
control units and management systems, all of which can be individually
configured for each parking application and personalized with the operator’s
specifications.

About SchlumbergerSema

SchlumbergerSema is a leading information technology services company
providing IT consulting, systems integration, managed services, products and
IP network security solutions serving the oil and gas, telecommunications,
utility, finance, transport and public sector markets. With more than 30,000
employees in 130 countries, SchlumbergerSema is one of two business groups
of Schlumberger Limited (NYSE SLB), a global technology services company.
Schlumberger Limited acquired Sema plc in April 2001. In 2000, Schlumberger
revenue was $9.6 billion and Sema plc revenue was $2.4 billion. Additional
information is available at www.slb.com.

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TELEPATHY QUICK-START

Baltimore Technologies launched a complete Wireless Trust Solution designed to
enable full implementation of mobile e-business and e-commerce networks. Based
on Baltimore’s award-winning Telepathy wireless e-security framework, the
solution combines the latest standards-based Wireless Public Key Infrastructure
(WPKI), handsets and smartcard technologies in a uniquely integrated package,
thus reducing the deployment complexity and timeframe for mobile operators,
financial institutions and enterprise customers. The solution is immediately
available for trial deployment under the name Telepathy QuickStart.
“We are very pleased to incorporate our GPRS/Bluetooth mobile phones, the R520
and T39, to be part of Baltimore Telepathy QuickStart, which will accelerate
the rollout of standards-based WPKI. This will help to ensure that Ericsson’s
customers have reliable and secure mobile Internet services,” said Robert Vass,
senior manager, applications product management, Ericsson Mobile Communications
AB.

Mobile operators, financial services companies and enterprises realize that
Security and Trust are critical enablers for stimulating high value mobile
services. WPKI leverages existing wired PKI standards without reinventing the
wheel thus enabling existing PKI applications to become mobilized without
further investment in proprietary solutions.
Today’s announcement further extends Baltimore’s leadership in WPKI and follows
a recent major contract with the Finnish operator Radiolinja, who has licensed
Baltimore Telepathy to deploy the world’s first trust infrastructure for
wireless Internet services using WPKI. Radiolinja has developed a secure mobile
payment solution for Luottokunta (Visa Finland) allowing merchants to accept
Visa and Eurocard/MasterCard transactions. Radiolinja’s new secure wireless
framework also enables Finland’s leading bank, OKO Bank, to provide secure
mobile financial services, while Finland’s Population Register Centre (PRC), a
Government body issuing electronic ID to citizens, will utilize Radiolinja’s
Wireless Public Key Infrastructure (WPKI) for mobile electronic identity.
“Wireless PKI introduces new fascinating services to customers and opens up new
revenue streams for operators. We are pleased to participate in the Telepathy
QuickStart initiative with our new WAP 1.2.1 compliant S45 and ME45 phones.
Trials showing the benefits of standards-based wireless PKI services are an
important step towards our vision of the mobile phone becoming a Personal
Trusted Device in the hand of each customer,” said Anno Mertens, m-commerce
product manager at the mobile phones department of Siemens Information and
Communication Mobile Group.

The solution is built on Baltimore UniCERT, one of the world’s leading Public
Key Infrastructure (PKI) systems and Baltimore Telepathy, the award-winning
wireless e-security framework, combined with a range of the most advanced
mobile commerce technologies including phones from Ericsson and Siemens and
smartcards (S/WIMs) from Gemplus, Giesecke & Devrient, Oberthur Card Systems,
and SchlumbergerSema. The QuickStart offering enables customers to rapidly
deploy the solution for a period of 120 days for up to 100 users, with easy
migration to a full commercial rollout upon completion. Customers can also
choose from two deployment options hosting at a Baltimore Centre of Excellence
or alternatively hosting the solution in-house. Through deploying the Baltimore
Wireless Trust Solution, customers are in a position to use enabling technology
to drive their business vision forward, capturing market share and increasing
average revenue per user (ARPU) among other key objectives.

According to a recent Datamonitor Report (published May 2001), the global WPKI
market is forecasted to account for over 40% of the total $3.6Bn PKI market by
2006. Telepathy QuickStart provides customers with invaluable opportunities to
evaluate the trusted frameworks, which will be used in commercial deployments
and designed to meet the most demanding security requirements including
registration, authentication, and non-repudiation. It is also possible for the
customer during the evaluation period, to start the implementation of business
strategies for new compelling m-commerce services.

Limdara Chea, WIM product manager at SchlumbergerSema, Mobile Communications
explains, “We believe our customers will value this innovative technological
development with Baltimore. Our solution should offer easy Wireless Public Key
Infrastructure deployment to mobile operators, using WAP 1.2.1 compliant SWIM
card Simera e-motion(TM). It leverages the SchlumbergerSema card
personalization expertise with Baltimore Telepathy QuickStart to deliver an
integrated secure batch certificate request process and SWIM card issuance
system.”

“WPKI technology enables non-repudiation and mutual authentication, which is
essential for secure mobile commerce. To be part of an initiative like
Telepathy QuickStart underlines G&D’s goal to provide potential partners and
customers with complete standards-based solutions that enable secure
transactions on various Wireless Internet platforms in a short time-to-market.
Following its success in GSM, from basic authentication devices to advanced
SAT-enabled platforms, smart cards are now empowering mobile commerce solutions
in the WAP(TM) environment,” said Dr. Klaus Vedder, executive vice president
and head of telecommunications at G&D. “Our STARWIM(R) product combined with
Baltimore’s WPKI solution will make secure WAP(TM) transactions over GSM
networks a reality.”

According to Patrick Imbert, director, mobile commerce at Gemplus, “Wireless
PKI is the only technology that enables operators to forge bonds of Trust
between their customers and content providers in a very open environment.
Gemplus strongly believes that the Telepathy QuickStart program will help
mobile operators to easily trial and quickly measure the huge opportunities
that WPKI offers. Thanks to its GemXplore Trust SIM/WIM product range, Gemplus
provides fully interoperable client platforms that are compliant with the
latest standards.”

A feature of Telepathy QuickStart will be the implementation of Baltimore’s
X-BULK extension of the XKMS (XML Key Management Specification), which
effectively eliminates any interoperability issues for the bulk or batch
issuance of digital certificates in wireless PKI.
“We believe that today’s announcement will not only accelerate the rollout of
WPKI but also demonstrates that WAP 1.2.1 interoperability tests between
Baltimore’s software, WIM-enabled mobile phones and WIMs are our prime concern.
With SIMphonIC WIM and Telepathy QuickStart, operators are provided with a
state of the art digital signature creation device and Wireless PKI software.
In addition, the future combination of Baltimore X-BULK and Oberthur Card
System’s current personalization system will provide an innovative PKI-enabled
SIM card issuance system,” stated Sylvestre Denis, WAP project manager at
Oberthur Card Systems, Mobile Communications Business Unit.
“Telepathy QuickStart enables customers to benefit quickly and easily from
Baltimore’s unrivalled experience of WPKI commercial deployments and to
leverage advanced mobile commerce technologies from world class partners,” said
Owen Chubb, Telepathy marketing manager at Baltimore Technologies. “It will
also employ Baltimore’s new X-BULK proposal demonstrating our commitment to
fostering new global standards. This proves that Baltimore is the only company
that can deliver next generation e-security services to meet the most demanding
needs of our customers for authentication, authorization and content security,”
he added.

About Baltimore Telepathy

Baltimore Telepathy

(http//www.baltimore.com/telepathy) is the
most comprehensive open standards-based wireless security solution available,
designed to meet the most demanding security needs of Wireless Network
Operators, Content Providers (including Financial Institutions and Enterprises)
and Technology Vendors. Featuring innovative technology, Baltimore Telepathy
ensures secure and trusted delivery of highly confidential services over the
wireless Internet. Baltimore Telepathy uses Baltimore UniCERT, the world’s
leading PKI as the foundation to extend PKI systems to secure high value
transactions, confidential communications and Intranet access.

About Baltimore Technologies

Baltimore Technologies develops and markets security products and services to
enable companies to develop trusted, secure systems for e-business, the
Internet and mobile commerce. Its products include a wide range of Public Key
Infrastructure (PKI) products and services, access control and authorization
solutions, content security (MIMEsweeper) products, wireless e-security
solutions, cryptographic tool-kits, security applications and hardware
cryptographic devices. Baltimore’s global professional services organization
offers a wide variety of consulting, training and deployment support to its
customers worldwide. Baltimore Technologies markets and sells its solutions
worldwide directly and through the TrustedWorld partner program. Baltimore
TrustedWorld includes many of the world’s leading technology companies and a
wide variety of global, regional and local business alliance partners.

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TELEPATHY QUICK-START

STMicroelectronics announced that it has completed the acquisition and
licensing of IP from Veridicom Inc. for technologies and products in the field
of fingerprint biometric security.

All the IP, rights and developments of the Protector Suite(TM) line of PC
security software, along with the Protector Suite trademarks, have been
acquired by ST. Together with this technology acquisition, ST has secured the
related know-how by employing Veridicom’s full Protector Suite software
development team based in Prague, Czech Republic.

In addition to the Protector Suite assets, ST has acquired the assets and
exclusive rights to manufacture PC peripherals based on the mechanical designs
of the Veridicom biometric reader and biometric smart card reader products.
These PC security peripherals, designed to provide security and convenience in
consumer and professional network and Internet environments, will be adapted to
make use of ST’s TouchChip(R) silicon fingerprint sensor.
“We are excited about this opportunity to enrich the TouchChip product offering
by adding a full PC Security Suite and Professional Peripheral designs
combining fingerprint biometrics with PC/SC compliant smart card readers,” said
Alan Kramer, Vice President and Director of the ST’s TouchChip Business Unit.
“Our enlarged capability now allows us to offer all the elements of a
cost-effective security system based on fingerprint authentication.”
ST’s TouchChip product family includes a full range of turnkey biometric
solutions enabling customers to easily embed the world’s leading fingerprint
acquisition and authentication solutions directly into their products. Offering
consumer-level convenience with the electronic security of biometrics, the
TouchChip opens up new possibilities for secure services over the Internet,
based on electronic end-user authentication.

With more than 100,000 units shipped over its first year of production, the
TouchChip is the most industrialized of the new generation of silicon
fingerprint sensors to bring cost-effective fingerprint security to the
marketplace. Combining the reliability of the TouchChip with the complete
fingerprint security applications and products ST has acquired from Veridicom
will strengthen ST’s position at the forefront of this promising and evolving
market.

About STMicroelectronics

STMicroelectronics is the world’s third largest independent semiconductor
company. The Company shares are traded on the New York Stock Exchange, on
Euronext Paris and on the Milan Stock Exchange. The Company designs, develops,
manufactures and markets a broad range of semiconductor integrated circuits
(ICs) and discrete devices used in a wide variety of microelectronic
applications, including telecommunications systems, computer systems, consumer
products, automotive products and industrial automation and control systems. In
2000, the Company’s net revenues were $7,813.2 million and net earnings were
$1,452.1 million. Further information on ST can be found at www.st.com.

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Digitally Signed Transactions

NACHA – The Electronic Payments Association reported yesterday that its recently completed pilot has successfully demonstrated that consumer ATM/debit cards can be used on the Internet with transaction authentication and security that are comparable to card-present POS purchases. The pilot, which ended on April 13, 2001, successfully processed 598 transactions in which digital signatures substituted for personal identification numbers. The digitally signed transactions were validated 100 percent of the time, and the average response time for authorizing a transaction was 6-8 seconds. Approved transactions and any denials were successfully returned to the merchant. In addition to successful transaction processing, the pilot withstood attempts to compromise security

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ID Theft Law

The nation’s toughest identity theft law took effect in the State of Washington Monday, which requires credit bureaus to block information related to ID theft once they receive copies of the police report from a victim. The new law also places limits on how many times collection agencies can contact someone once they are notified that a person is a victim of identity theft. If the identity thief is caught and convicted, victims may now request a Court Order Correcting Records to provide documentation that can help correct files maintained by financial institutions and creditors. The new law also significantly stiffens the criminal penalties for identity theft, making theft involving $1,500 or more a Class B felony. The Washington Attorney General says the average victim spends $808 and expends an average of 175 hours over 23 months to clear up discrepancies related to identity theft.

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ERG & INTERPAY

Perth-based ERG is teaming up with Interpay Nederland to form a smart card
joint venture. Under terms of the deal the joint venture will acquire the
exclusive license for the Netherlands of ERG’s multi-application smart card
solution technology. The new venture will allow the Dutch banks to upgrade
their single application contact cards to multi-application dual interface
cards, supporting both contact and contact-less smart card technology. Dutch
banks have issued 18 million contact smart cards over the past five years.

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Kido at Wash Mutual

Washington Mutual announced that Kenneth Kido has joined the company as executive vice president of consumer lending. In this role, Kido will manage all aspects of the Consumer Bank’s lending function.

Kido joins Washington Mutual from Bank of America headquarters in Charlotte, North Carolina, where he most recently led the Consumer Card Division of Card Services, which has over 15 million consumer credit card accounts and $25 billion in assets.

“The creation of this position signals our increasing focus on growing Washington Mutual’s consumer bank loan portfolio by delivering exceptional products to the broad middle market nationwide,” said Deanna Oppenheimer, president, Banking and Financial Services. “Ken is a multi-national experienced leader with a proven track record of creating strategies, engaging employees and delivering exceptional financial results,” she said. “Combined with his proven ability to effectively start up businesses, as well as manage all aspects of a mature business, Ken has the skills and talents required to grow this vital part of our portfolio.”

Kido was with Bank of America for 24 years. He headed the credit card center of their Seafirst Bank subsidiary from 1991 until 1997. He moved to Hong Kong in 1997 as senior vice president of Asia Retail Card Issuance, where he developed the strategy for direct entry of Bank of America’s card issuance business in selected Asian markets.

With a history dating back to 1889, Washington Mutual is a national financial services company that provides a diversified line of products and services to consumers and small- to mid-sized businesses. At June 30, 2001, Washington Mutual and its subsidiaries had consolidated assets of $229.30 billion. Washington Mutual currently operates more than 2,300 consumer banking, mortgage lending, commercial banking, consumer finance and financial services offices throughout the nation. Washington Mutual’s press releases are available at [www.wamu.com][1].

[1]: http://www.wamu.com/

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Base 24 6.0

ACI Worldwide yesterday announced the general availability of ‘BASE24 6.0’, ACI’s latest software for processing electronic payment transactions. ‘BASE24 6.0’ represents the culmination of a project lasting more than two years and includes key enhancements that support the processing of transactions involving EMV-compliant smart cards, multicurrency, and architectural enhancements to support the continued evolution of e-payment technology. ACI says Lloyds TSB, Barclaycard and Nationwide in the United Kingdom; CEKAB and FSPA in Sweden; Commercial Bank of Greece; ABSA Group in South Africa; and Banca Sella in Italy are currently implementing the ‘6.0’ release.

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AmEx 2Q/01

American Express Travel Related Services reported second quarter net income of $519 million, up a mere 3% over 2Q/00. TRS’ net revenues also increased a modest 6%, as the growth in billed business was impacted by the continued slowdown in corporate spending on travel and entertainment. However the net interest yield increased due to the expiration of introductory rates and declining interest rates this year. Marketing and promotion expenses were lower as TRS scaled back certain marketing efforts in light of the weaker business environment. U.S. charge volume rose 5.3%, from $55.8 billion for 2Q/00 to $58.8 billion for the second quarter of 2001. Chargeoffs soared by 30% and delinquency jumped 21% over 2Q/00. AmEx also reported yesterday that its average discount rate has fallen to 2.67% compared to 2.69% one year ago and 2.68% for 1Q/01. The decline reflects the growth in lower rate retail and other everyday spend merchant categories such as supermarkets and discounters and the weakness in the T&E spending with Corporate Services. For complete details on American Express current and past performance visit CardData ([www.carddata.com][1]).

American Express U.S. Card Portfolio Snapshot
2Q/01 1Q/01 4Q/00 3Q/00 2Q/00 Ann Chng
Volume $58.8b $55.6b $59.0b $56.2b $55.8b +5%
Loans $31.2b $30.2b $28.7b $27.1b $25.9b +20%
Cards 34.6m 34.2m 33.3m 32.9m 32.5m + 6%
Delinq* 2.9% 2.9% 2.8% 2.6% 2.4% +21%
Losses 5.7% 5.1% 4.4% 4.3% 4.4% +30%
Yield** 8.6 8.3% 7.7% 7.8% 7.4% +16 %
* 30+ days past due; ** net interest yield
Source: CardData(www.carddata.com)

[1]: http://www.carddata.com

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MC Stuart

MasterCard International announced that John Stuart, formerly Deputy General Manager, Head of Communications for Europay International has joined the Global Marketing Group as Senior Vice President, Global Sponsorships and Event Marketing.

In his new role, Stuart will be responsible for the management of all MasterCard global sponsorships and promotions, including World Cup Soccer, Team Jordan Formula-1 Racing, Major League Baseball, the National Hockey League, PGA Tour and Senior PGA Tour, Feld Entertainment (Ringling Bros. Circus), and Disney on Ice, as well as MasterCard’s participation in trade shows around the world.

Stuart will report to Larry Flanagan, MasterCard’s Chief Marketing Officer. “John’s extensive background in the financial services marketplace, coupled with his brand marketing expertise, made him the ideal candidate for this position,” said Flanagan. “Add nearly 20 years of international brand building experience, and it’s clear that he was the perfect fit for our organization.” Stuart, a University of California-Berkeley graduate, had been with Europay since 1997, serving on the company’s executive committee and responsible for all corporate marketing, communication, branding and sponsorship activities. During his tenure, Stuart was responsible for the advertising, media relations, and the company’s sponsorships of Champion’s League Football and European League Championship Soccer.

Prior to 1997, Stuart spent 15 years with American Express in several posts, including General Manager of Northern Europe, President/General Manager for the United Kingdom and Ireland, and Senior Vice President/Marketing for Europe/Middle East/Africa, where he was responsible for creating the Mediterranean Open on the PGA European Tour.

After completing his undergraduate work at UC-Berekely, Stuart earned degrees in International Management from Arizona-based Thunderbird – The American Graduate School of International Management and an MBA from the University of Southern California.

About MasterCard

MasterCard International has the most comprehensive portfolio of payment brands in the world. More than 1.7 billion MasterCard(R), Cirrus(R) and Maestro(R) logos are present on credit, charge and debit cards in circulation today. An association comprised of more than 20,000 member financial institutions, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is the leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. MasterCard’s award-winning Priceless(R) advertising campaign is now seen in 81 countries and in more than 36 languages, giving the MasterCard brand reach and scope unrivaled by any competitor in the industry. With more than 21 million acceptance locations, no card is accepted in more places and by more merchants than the MasterCard Card. In 2000, gross dollar volume exceeded US$857 billion. MasterCard can be reached through its World Wide Web site at [http://www.mastercard.com][1].

[1]: http://www.mastercard.com/

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PayStar Gets Forbes

PayStar Corporation, one of the nation’s leading independent providers of Cashless ATM devices, Prepaid Telecom Services, Wireless Bank Services, Multi-media Services, and Internet Kiosks announced the appointment of Steve Forbes, formerly of Y3K, Inc., to the position of Chief Operating Officer. Barry Schaffer, President of SCA Telecard and Ed Bevilacqua, former CEO of Fun e-Business (now PayStar InfoStations) have joined PayStar’s Board of Directors. “I am very pleased to announce these appointments,” commented William Yotty, CEO, PayStar Corporation, adding, “These positions solidify PayStar’s senior management team. We continue to grow dramatically both internally and through mergers and acquisitions. Each new board member and officer brings significant, focused experience to Team PayStar.”

Steve Forbes, former CEO and President of Y3K, Inc., a software development and Internet eCommerce firm based in Tacoma, WA will head up operations at PayStar Corporation. Forbes previously sat as COO of Pineapple Express, Inc. a wholesale apparel company, and was with Alaska Airlines for 18 years in business development and marketing. “I am excited to join the PayStar team where I have a significant opportunity to mature the recent acquisitions and continue aggressive expansion plans while maximizing shareowner returns,” commented Forbes.

Barry Schaffer, SCA Telecard President, is a driving, innovative force in the development of promotional phone cards worldwide. He is a member of the InteleCard News Hall of Fame and currently sits on the Board of the International Prepaid Card Association (IPCA) where he has held numerous positions over the years, including Membership Chairman. In June 2001, PayStar launched a joint marketing effort with SCA Promotional to produce an innovative combination prepaid phone card and lotto card. SCA Telecard is the nation’s leading provider of unique promotional telecommunications concepts utilizing risk management and emerging technologies.

Ed Bevilacqua is the former CEO of Fun e-Business, a worldwide provider of what is best described as the next generation “e-commerce-enabling machine” with pay-to-play format, now PayStar InfoStations. Bevilacqua, in the early 1980’s, was responsible for building a 5,000-machine, NASDAQ listed, street-vending company called Unitel. More recently, Mr. Bevilacqua was the General Manager for NTN Communications, Inc. an Amex listed company. Along with his appointment to the Board, Bevilacqua is President of PayStar Financial Services, Inc, which includes U.S. Cash Exchange, Visa/MasterCard Processing, Bank Debit POS and Check Verification.

About PayStar

PayStar Corporation, a premier distributor of telephony and financial services offers customers a diverse array of enabling devices worldwide. PayStar currently owns and operates five fully integrated divisions. The divisions offer Switch services, Prepaid products, Long distance, Web design and hosting, Cashless ATMs, Wireless bankcard services, Private Payphones, Internet Kiosks, and Multi-media advertising. PayStar is the location services provider (LSP) to retail merchants nationwide and is considered a “carriers carrier” for wholesale telecom services worldwide.

PayStar’s strategy can be summarized in three words: Location, Location, Location. Success will be driven by internal sales efforts and merger and acquisition activity. PayStar’s strategy centers on points of distribution in thousands of merchant locations worldwide utilizing PayStar’s wide array of enabling devices.

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