WAY Systems Secures Additional Funding

Monday 25 October 2004 11:02 CET | News

WAY Systems has secured funding from GIV Venture Partners Fund, owned and managed by VeriFone’s founder Bill Melton. Mr. Melton also joins WAYs Board of Directors .to accelerate the adoption of WAYs Mobile Transaction Terminal (MTT), the first out-of-the-box packaged GPRS POS solution.

WAY Systems recently gained certification from the China Bank Card Testing Center (BCTC) and CUP (China Union Pay) to deploy its Mobile Transactions Terminal solution in China. The MTT is an ideal solution for the Millions of Mobile Merchants who need to accept credit cards. By 2008, Nielsen Report predicts that Wireless POS terminals will comprise nearly 30% of the total POS terminal market, as Wireless POS have the ability to accept payments anywhere, securely and at a lower cost.

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Categories: Payments & Commerce | Mobile Payments
Countries: World
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