News Release
Wednesday February 18, 5:01 am Eastern Time
Company Press Release
U.S. Wireless Data, Inc. Engages TASQ Technology for TRANZ Enabler Deployment
EMERYVILLE, Calif.--(BUSINESS WIRE)--Feb. 18, 1998--U.S. Wireless Data, Inc. (OTC BB:USWDA - news) announced today that the company has engaged TASQ Technology, Inc. to facilitate the deployment and maintenance of U.S. Wireless Data's TRANZ(TM) Enabler national roll out.
Specifically, TASQ will deploy the TRANZ Enablers to merchant locations nationwide and be responsible for maintenance of the installed units.
TASQ Technology is revolutionizing the out-sourcing of POS systems for the credit card industry. TASQ performs thousands of overnight deployments every single day with unsurpassed accuracy levels. In addition to deployments of POS Systems, TASQ sells, leases and rents VeriFone, Hypercom and other major manufacturers' equipment and supplies.
Randy Simoneaux, Executive Vice President of TASQ Technology, Inc. expressed, ''We anxiously anticipate the initiation of the USWDA project. The TRANZ Enabler is complimentary to a number of the products we presently represent and consistent with our philosophy to deliver cost-effective, technology-based product and service solutions to the credit card and EBT industries.''
Commenting on the decision to engage TASQ Technology, Evon Kelly, CEO of U.S. Wireless Data stated, ''TASQ is considered the industry leader in POS equipment deployment and support. Being able to access such a tried and true resource in deploying our TRANZ Enablers during our national launch is essential to the execution of our business model.''
USWDA's proprietary enabling technology, TRANZ(TM) Enabler, converts a merchant's existing dial-up TRANZ VeriFone credit-card terminal into a high-speed wireless terminal. It provides merchants with a faster and more cost efficient way to transact business. The wireless transaction takes 3 to 5 seconds verses 11 to 20 seconds with a dial-up service.
Going wireless means the merchant no longer needs a dedicated or shared telephone line to carry transaction traffic, thereby eliminating delays, busy signals and the cost to install or pay for monthly telephone service.
U.S. Wireless Data, Inc. has developed, tested and is now delivering compelling new proprietary products, programs and standards to the transaction processing and credit card industry which utilize Cellular Digital Packet Data (''CDPD'') wireless networks.
USWDA delivers the fastest and most cost-effective transaction processing solution to retail merchants in the United States today -- wired or wireless. USWDA will generate recurring revenue from every transaction processed by merchants who utilize the company's CDPD wireless technology.
The company's strategy will be to deploy its technology through marketing and partnership agreements with major cellular phone companies, regional and community banks, select ISO's and its own sales force. |
