U. S. Wireless Data announced that another major card transaction processor, Lynk Systems, Inc., has contracted to offer USWD’s Wireless Express Payments Service to its merchants.
This agreement will expand the reach of WEPS to Lynk’s 400 sales representatives in 34 offices nationwide, serving more than 53,000 merchants.
WEPS provides a seamless interface among a merchant’s wireless point-of-sale terminals, wireless carriers, and credit card transaction processors. It enables credit, debit, and other card transactions to be processed almost as fast as cash, without the cost and inconvenience of being tethered to telephone or electrical lines. In fact, WEPS is opening new markets for card payments among merchants and venues for which telephone dial-up is not feasible, by providing both the speed and mobility needed to make card transactions practical. These include taxis and limousines, delivery services, quick service restaurants, home maintenance and repair services, outdoor fairs and markets, sports stadiums and arenas, performance halls, and outdoor recreational facilities such as golf courses and amusement parks.
“Now that we have the ability to offer WEPS to our merchant base, we can give them transactions that don’t require ties to phone lines or electricity and are faster than cash,” said Wayne Damron, senior vice president of national sales for Lynk. “This opens up new markets and also completes our point-of-sale offering. With WEPS, we now can provide on-line, real-time reporting to our wireless merchants, which is an invaluable tool. We also are excited to have the ability to offer our merchant base access to Motient, the most state-of-the-art data network available today.”
U.S. Wireless Data’s CEO, Dean M. Leavitt, explained that, “We are focused on establishing WEPS as the standard for wireless point-of-sale transaction processing. Partnering with processing leaders like Lynk enables us to reach a broad merchant base that is in need of the solution that WEPS provides.”
About U.S. Wireless Data
U.S. Wireless Data, Inc. ([www.uswirelessdata.com]), founded in 1991, has developed and is marketing its proprietary technology that brings together three large, rapidly growing industries – transaction processing, wireless data transport and the Internet – to enable wireless payment processing. The Company’s WEPS technology provides a gateway among all of the parties within a wireless point-of-sale transaction; and enables businesses that require mobility and/or faster transaction speed to accept wireless point-of-sale payments. In addition, WEPS’ Internet-based tools offer on-line, real-time transaction monitoring, remote diagnostics and automated terminal activation. The company is headquartered in New York City.
Lynk ([www.lynksystems.com]) is a national provider of electronic payment, cash dispensing and e-commerce services. The company processes transactions initiated by credit and debit cards, checks and EBT cards from merchant point-of-sale terminals, ATMs and via the Internet. Lynk also provides ATM cash management and monitoring services, card issuing, electronic funds distribution and Internet-based storefront management, design and hosting.
Lynk controls the entire processing sequence, including sales, end-user equipment, transaction authorization, capture, settlement and customer service. This “in-sourced” model facilitates a truly integrated solution that gives Lynk customers one-call support for all their processing needs. Lynk’s proprietary technology and comprehensive network connectivity offer merchants of all sizes unsurpassed processing performance. Founded in 1991, Lynk is located in Atlanta, Georgia and has earned recognition as one of the fastest-growing companies in the industry.