ToLeaseIt.com Signs Distribution Agreement With U.S. Wireless Data
NEW YORK--(BUSINESS WIRE)--Aug. 22, 2001--U.S. Wireless Data, Inc. (USWD) (OTC: USWE), a leading provider of wireless payment services, and ToLeaseIt.com, a leader in leasing services for a broad range of business equipment, including point of sale (POS) terminals and accessories, have signed an agreement under which ToLeaseIt.com will distribute USWD's Synapse Adapter(TM) product.
Under the agreement, ToLeaseIt.com has purchased Synapse Adapters from USWD and will market them through its vendor leasing channels on the ToLeaseIt.com website.
The Synapse Adapter enables merchants to convert their dial-up POS terminals to wireless with "plug and play" simplicity. By switching from dial-up to wireless transmission of credit card transactions, merchants can save on communications costs and improve transactions speeds.
"We are excited to offer a solution for retailers who want a low-cost alternative to a second business telephone line from the local telephone company," said Erik Zucker, President of ToLeaseIt.com. "U.S. Wireless Data's product provides merchants with a wireless alternative for savings and faster transactions."
"ToLeaseIt.com is providing a creative and affordable business leasing solution that complements our wireless services. We are confident that this relationship will increase the use of the Synapse Adapter at the point of sale," said Christopher O'Hara, President of U.S. Wireless Data, Inc.
ABOUT TOLEASEIT.COM
ToLeaseIt.com, based in Jericho, New York, offers leasing services to thousands of businesses throughout the United States through its national network of affiliates. ToLeaseIt.com provides leasing packages with speed, low-cost, and convenience in the computer and business equipment marketplace. ToLeaseIt.com has over two decades of leasing expertise with a primary focus in leasing low-ticket equipment
($500-$10,000).
ABOUT U.S. WIRELESS DATA
U.S. Wireless Data, Inc. (www.uswirelessdata.com), founded in 1991, markets Synapse, its proprietary technology for wireless point of sale and ATM transactions. By providing a seamless interface among terminal manufacturers, wireless carriers, and payment processors, Synapse enables payment card and ATM transactions to be processed extremely fast, without the cost and inconvenience of a telephone line. Synapse's Internet-based tools offer on-line, real-time transaction monitoring, remote diagnostics and automated terminal activation. NXT, the company's wholly owned subsidiary, provides landline transaction and data transport solutions to the transaction industry, and processes more than 500 million transactions each year. U.S. Wireless Data is headquartered in New York City. |
