U. S. Wireless Data, Inc., a leader in wireless transaction processing today announced an agreement in which Concord EFS, Inc., a leading payment processor, will market USWD’s Synapse wireless payment services for point of sale and ATM processing.
Concord, which processes transactions for more than 300,000 merchant locations and drives over 48,000 ATMs nationwide, will offer Synapse-enabled wireless transaction services through its direct and ISO sales channels. In addition, Concord will use U.S. Wireless Data’s proprietary technology to convert current dial-up devices, including traditional credit card terminals and ATM’s, to the speed and cost-savings of wireless technology.
“Our goal at Concord is to meet the current and anticipated needs of our retailers and resellers while looking to emerging technologies,” said Steve Lynch, Chief Information Officer at Concord. “With Synapse, we will be able to enhance our turn-key payment solution with a wireless alternative that is fast, reliable, and state-of-the-art.”
“Concord is a great business partner and one of the driving forces in delivering emerging solutions to the transaction processing industry. We are proud of Concord’s endorsement of our technology for both point of sale and ATM processing,” said Dean M. Leavitt, Chairman and CEO of U.S. Wireless Data.
ABOUT U.S. WIRELESS DATA
U.S. Wireless Data, Inc. ([www.uswirelessdata.com]), founded in 1991, markets Synapse(SM), its proprietary technology for wireless point of sale (POS) and ATM transactions. By providing a seamless interface among all parties including terminal manufacturers, wireless carriers, and payment processors, Synapse enables payment card and ATM transactions to be processed extremely fast, without the cost and inconvenience of a telephone line. Synapse’s Internet-based tools offer on-line, real-time transaction monitoring, remote diagnostics and automated terminal activation. NXT, the company’s wholly owned subsidiary, provides landline transaction and data transport solutions to the transaction industry, and processes more than 500 million transactions each year. U.S. Wireless Data is headquartered in New York City.
ABOUT CONCORD EFS
Concord EFS, Inc. is a leading, vertically-integrated electronic transaction processor, providing transaction authorization, data capture, settlement and funds transfer services to financial institutions, supermarkets, petroleum retailers, convenience stores, and other independent retailers. Concord’s primary activities include Network Services, providing ATM driving, online and signature debit card processing, and network access to the financial services industry under the STAR(SM), MAC(R), and Cash Station(R) brands; and Payment Services, providing credit, debit, check authorization, and electronic benefits transfer (EBT) processing services to selected retail segments. Concord news releases, links to SEC filings, and other information are available on its corporate web site at [www.concordefs.com].