NDC eCommerce and U.S. Wireless Data Sign Transaction Process Agreement
ATLANTA, Aug. 21 /PRNewswire/ -- National Data Corporation (NYSE: NDC - news) announced today a two-year transaction processing agreement with U.S. Wireless Data (OTC Bulletin Board: USWDA - news). Under the terms of the agreement, NDC eCommerce will offer wireless, high-speed credit card authorization services utilizing U.S. Wireless Data's Wireless Express Payment Service(SM) (WEPS(SM)), to new and existing merchants of NDC eCommerce through its network of banks and acquirers. Initially, it is expected that more than 3,000 wireless terminals will be activated through WEPS to deliver transactions to NDC eCommerce.
Commenting on the agreement, USWD Chairman and CEO Dean Leavitt stated, ``We are very excited about our relationship with NDC and see this partnership as yet another strong endorsement of our technology, service and distribution model.''
``Clearly, wireless credit card processing technology is generating heightened interest,'' said Paul R. Garcia, CEO of NDC eCommerce. ``NDC eCommerce is excited about the new opportunities we now have because of the new merchant segments WEPS allows us to address.''
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 electricity 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.
U.S. Wireless Data, Inc. (www.uswirelessdata.com) markets proprietary technology that brings together three large, rapidly growing industries- transaction processing, wireless data transport and the Internet-to enable wireless payment processing. The Company's WEPS technology enables businesses that require mobility and/or faster transaction speed to accept wireless point-of-sale payments, and provides Internet-based real-time transaction monitoring, remote diagnostics and automated terminal activation. |
