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Microcap & Penny Stocks : USWE - US Wireless Data (formerly USWDA) -- Ignore unavailable to you. Want to Upgrade?

To: Maakamil who wrote (242)	3/19/1998 8:48:00 AM
From: Anthony Graham Poyser	Read Replies (1) \| Respond to of 370

NEWS RELEASE.... Sounds good to me! Tony U.S. Wireless Data, Inc. Signs Merchant Acquiring Agreement With National Bank of Commerce EMERYVILLE, Calif.--(BUSINESS WIRE)--March 19, 1998--U.S. Wireless Data, Inc. (OTC BB:USWDA - news) announced today that the company has signed a merchant acquiring agreement with the National Bank of Commerce (''NBC''), an affiliate of National Commerce Bancorporation (NASDAQ:NCBC - news). Under the terms of the agreement, NBC will be the acquiring bank for credit card transactions placed through most of the merchant locations that elect to implement U.S. Wireless Data's proprietary wireless transaction processing products, including USWDA's TRANZ(TM) Enabler. USWDA will participate with NCBC in the merchant portfolio acquired through USWDA's sales channels. U.S. Wireless Data expects the agreement to broaden its ability to provide credit card processing services for merchants in the retail, restaurant, and hotel/lodging industries. The hotel/lodging solution, which is a high volume credit card industry, was not available for USWDA's TRANZ Enabler technology prior to this agreement. The agreement will also provide USWDA greater gross profit margins in all merchant accounts jointly acquired by USWDA and NBC. And lastly, it will broaden USWDA's distribution capabilities by providing its wireless point-of-sale solutions to NBC's existing sales and distribution channels. Richard E. Kauerz, President of NCBC Merchant Services, commented, ''We are excited about the leading edge technology and new sales channel that this alliance with U.S. Wireless Data represents for NCBC. USWDA's array of innovative wireless solutions brings a whole new dimension to the transaction processing industry.'' Commenting on the agreement, Evon Kelly, CEO of U.S. Wireless Data stated, ''This pact with NCBC is one of the most important agreements that we have executed to date. It provides our distribution and sales channels with far greater flexibility in meeting customer needs, and puts USWDA more directly in control of its future through its participation with NCBC in the merchant portfolio. ''Moreover, we are excited to team with such a well regarded banking leader like National Bank of Commerce, who has recognized the opportunities that our proprietary wireless TRANZ Enabler processing technology offers to the marketplace.'' 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. National Commerce Bancorporation (NASDAQ:NCBC - news) is a $5 billion-asset sales and marketing organization that delivers select financial and consulting services through a national network of banking affiliates and non-banking subsidiaries. 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.