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Hybrid PayTech World Inc. (CNSX:HPT) (OTC:FPOTF) Announces Launch Of HybridVIRTUO "EMV & MSR Device Host Payment Switch" Enabling Mobile Payment For Acquirers

Industry solution : Banks, Telco's, Processors and Acquirers can now enable their merchant portfolios easily with a suite of EMV (EuroPay, MasterCard & Visa) Chip & Pin, Chip & Signature & MSR (MagStripe Reader) mobile payment solutions & devices allowing for « Host to Host » connectivity.

MONTREAL, Nov. 29, 2013 /PRNewswire/ - Hybrid PayTech World Inc. (CNSX:HPT)(OTC:FPOTF) recently launched at the Cartes Paris tradeshow its proprietary " HybridVIRTUO" Ecosystem Platform for M-POS deployment; a unique host solution allowing for easy integration with existing Payment Switches. This scalable platform enables any Bank, Telco, Acquirer or Processor to deploy a full suite of compliant mobile payment solutions including Hybrid's " HybridMPOS" APPs built on the most popular Mobile OS's (Android, IOS, BB, Win6,7,8) for enterprise and retail merchants. Additionally, Hybrid's multi-device interoperability using Bluetooth or Audio-Jack payment acceptance devices offers their merchants choice, and distribution channels including ISV's (integrated software vendors), ECR (embedded cash register systems) & ERP (enterprise ready platform) with " HybridConnect". No one is boxed in by a single product- Hybrid enables a product strategy to merchants.         

Hybrid PayTech management is excited about this launch as it is a unique offering on a global scale. It is currently being deployed in the Philippines and consecutively in regions of Asia & North America. The scalability of HybridVIRTUO in the Philippines has allowed us to build from ground up a solution that meets the needs of emerging markets and is EMV (Chip & PIN, Chip & Signature) ready for mature markets.

Management also stated "With the success of the Paris tradeshow, Hybrid has been invited to showcase and partner its Hybrid suite of solutions in Central & South America and is currently in discussions with Banks and Acquirers to initiate POC's (Proof of Concepts) for future rollout. Our timing could not have been better then unveiling our full scalable solution "HybridVIRTUO" in Paris. There are currently M-POS providers in the market with a User Application and Device which have become popular on a single user level and provide service as aggregators, but Hybrids approach of enabling the multi-user with a multi-device management solution and multi-acquirer connectivity approach distinguishes Hybrid from the rest."

About HybridVIRTUO:

The Hybrid VIRTUO Eco-System platform combined with Hybrid's agnostic EMV L2 kernel for devices can adapt any M-POS device having minimum EMV L1 certification or higher. HybridVIRTUO is a Host to Host solution using the ISO 8583 (Visa and MC) standard message format and supports Master Session and DUKPT. Hybrid VIRTUO connects to any type of host payment switch or gateway for Debit & Credit and gives clients an immediate access to a large selection of M-POS devices currently certified with HybridMPOS APPs. This has also become incredibly important for payment device manufacturers trying to certify and deploy their hardware and by partnering with Hybrid the device manufacturers have an immediate go to market strategy.

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