U.S. Wireless Data Signs Agreement With Lynk
NEW YORK--(BUSINESS WIRE)--June 12, 2000--U. S. Wireless Data (USWD) (OTCBB:USWDA - news), the leader in wireless payment services, announced that another major card transaction processor, Lynk Systems, Inc., has contracted to offer USWD's Wireless Express Payments Service(SM) (WEPS(SM)) to its merchants.
This agreement will expand the reach of WEPS to Lynk's 400 sales representatives in 34 offices nationwide, serving more than 53,000 merchants.
WEPS provides a seamless interface among a merchant's wireless point-of-sale terminals, wireless carriers, and credit card transaction processors. It enables credit, debit, and other card transactions to be processed almost as fast as cash, without the cost and inconvenience of being tethered to telephone or electrical lines. In fact, WEPS is opening new markets for card payments among merchants and venues for which telephone dial-up is not feasible, by providing both the speed and mobility needed to make card transactions practical. These include taxis and limousines, delivery services, quick service restaurants, home maintenance and repair services, outdoor fairs and markets, sports stadiums and arenas, performance halls, and outdoor recreational facilities such as golf courses and amusement parks.
``Now that we have the ability to offer WEPS to our merchant base, we can give them transactions that don't require ties to phone lines or electricity and are faster than cash,'' said Wayne Damron, senior vice president of national sales for Lynk. ``This opens up new markets and also completes our point-of-sale offering. With WEPS, we now can provide on-line, real-time reporting to our wireless merchants, which is an invaluable tool. We also are excited to have the ability to offer our merchant base access to Motient, the most state-of-the-art data network available today.''
U.S. Wireless Data's CEO, Dean M. Leavitt, explained that, ``We are focused on establishing WEPS as the standard for wireless point-of-sale transaction processing. Partnering with processing leaders like Lynk enables us to reach a broad merchant base that is in need of the solution that WEPS provides.'' |
