U.S. Wireless Data and Concord EFS Sign Marketing Agreement; Concord EFS to Offer Services 'Powered by Synapse'
NEW YORK--(BUSINESS WIRE)--July 12, 2001--U. S. Wireless Data, Inc. (USWD) (OTC: USWE), a leader in wireless transaction processing today announced an agreement in which Concord EFS, Inc., a leading payment processor, will market USWD's Synapse(SM) wireless payment services for point of sale and ATM processing.
Concord, which processes transactions for more than 300,000 merchant locations and drives over 48,000 ATMs nationwide, will offer Synapse-enabled wireless transaction services through its direct and ISO sales channels. In addition, Concord will use U.S. Wireless Data's proprietary technology to convert current dial-up devices, including traditional credit card terminals and ATM's, to the speed and cost-savings of wireless technology.
"Our goal at Concord is to meet the current and anticipated needs of our retailers and resellers while looking to emerging technologies," said Steve Lynch, Chief Information Officer at Concord. "With Synapse, we will be able to enhance our turn-key payment solution with a wireless alternative that is fast, reliable, and state-of-the-art."
"Concord is a great business partner and one of the driving forces in delivering emerging solutions to the transaction processing industry. We are proud of Concord's endorsement of our technology for both point of sale and ATM processing," said Dean M. Leavitt, Chairman and CEO of U.S. Wireless Data. |
