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Freeport Capital Inc. (FAS: CNSX) Hybrid And StepOne Systems Launch Joint Mobile Point-of-sale And Full Payment Solution For Retail

Stocks in this article: FAS

MONTREAL, Aug. 29, 2012 /CNW Telbec/ - (Freeport Capital FAS: CNSX), Hybrid PayTech a leader in mobile payment innovation announced its joint solution partnership with StepOne Systems, a long-time provider of mobile in-store enterprise applications. The joint partnership will enable retailers to have an integrated in-aisle mobile checkout solution with end-to-end payment. Retailers can bring a new level of customer service for on the shopping floor while leveraging their existing merchant accounts to enable payment and rapid checkout.

''Based on Hybrid Paytech's ability to integrate with existing merchant accounts through various acquirers, the joint mobile point-of-sale solutions we have developed with StepOne present great value to any multi-store retailer looking to accept mobile in-store payment,'' said Kevin Conabree, head of strategic partnerships at Hybrid Paytech. ''StepOne has a wealth of experience providing in-store mobility software solutions and it's exciting to see that retailers small and large can now benefit by eliminating wait times at checkout and servicing customers in-aisle without major changes to existing infrastructure or retailers' merchant accounts.''

Many medium and large-scale retailers are looking to adopt mobile payment systems to add value to customer service and streamline the cashier process, however many solutions remain cumbersome with too many integration challenges, security concerns, and inadequate merchant services.  This one-stop solution will be invaluable for everyone from the 10 to the 1,000+ store chains to which StepOne and Hybrid Paytech will be targeting.

"Hybrid Paytech's breadth of merchant services and thoroughness of compliance with current and emerging payment standards sets them apart as a mobile payment provider," said Todd Berner, CEO, StepOne Systems. "It was critical for us to engage a partner that had an in-depth knowledge of the payment environment to complement our Mobile Checkout solution. We found that and more with Hybrid Paytech."

The initial implementation will be on the StepOne RETAIL: Mobile Checkout application with mobile payments via Hybrid Paytech. Initial roll-out is expected in Q4 2012 for targeted mobile devices supporting Android, Windows Mobile, BB, and Apple iOS operating systems.

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