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TheStreet Open House

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.

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