This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Mobile Payment Application To Be Deployed In Caribbean By Telecommunication Products Provider

SOUTH PLAINFIELD, N.J. and TORTOLA, British Virgin Islands, Jan. 22, 2013 /PRNewswire/ -- CHARGE Anywhere® LLC, a leading provider of award-winning, secure mobile payment applications and payment gateway solutions, announced today the signing of a distribution partnership with Tech It Easy (TIE) Ltd, a retail sales and support of telecommunications products provider, in the Virgin Islands.

Operating in the British Virgin Islands, TIE Ltd is expanding their service offering to include mobile payment capabilities (mpos) with CHARGE Anywhere's mobile payment acceptance technology via smartphones anywhere business is conducted or service provided. By swiping customers' cards directly through the devices attached to smartphones, merchants are able to accept card payments and process orders, anywhere in real-time.  

"Our research has revealed that within the Virgin Islands, merchants are severely restricted in the processing of credit card payments. Because credit card validation terminals deployed have traditionally required a land based telephone line and electrical power to operate, merchants and retailers are restricted to accepting credit card payments exclusively within their premise," said Elford Parsons owner of TIE.  "In the British Virgin Islands, where mobile penetration is well above the 100% mark and smartphones are quite prevalent, we are confident that the Virgin Islands is primed for the adoption of mobile payments," Parsons added.

At the core of the partnership is a joint commitment to provide "Technologically Innovative Experiences" by providing mobile payment solutions today, [and other innovative payment solutions in the future] to business operators throughout the Virgin Islands.  TIE anticipates that local banks will embrace this technology and move swiftly to make the mobile payment options available to their customers.

"There is a level of complexity that is vital to make a payment network available to an entire region and CHARGE Anywhere's established ecosystem will empower mobile payments, in partnership with TIE Ltd., throughout the Caribbean," said Oscar Munoz, CHARGE Anywhere's EVP and Senior Vice President of International Business Development.

Financial Institutions will recognize that the PCI security and end-to-end encryption available through ComsGate®, CHARGE Anywhere's payment gateway, is capable of turning their enterprise and MSME client's smartphones into secure, mobile point-of-sale (mpos) terminals with their existing infrastructure.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs