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Visa International Invest in WAY Systems

Thursday 4 November 2004 21:58 CET | News

Visa International has executed an equity investment in WAY Systems as part of their February 2004 strategic alliance.

Through the alliance, the companies will work together to identify innovative card acceptance solutions for merchants in need of secure, on-line mobile payment methods. WAY Systems, Inc., provides cost-effective innovative mobile payment transaction solutions that transform low-cost GSM mobile phones into secure wireless POS terminals using standard General Packet Radio Service (GPRS) networks. The terminals enable merchants to accept card payments virtually anywhere, anytime without the need for a telephone line. WAY Systems secure POS terminals target mobile merchants worldwide who historically were unable to process secure real-time transactions because of the lack of, or high cost of, the telephone line infrastructure.


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Categories: Payments & Commerce | Mobile Payments
Countries: World
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