IRN Payment Systems Form Strategic Alliance With WAY Systems

Wednesday 16 March 2005 02:12 CET | News

IRN Payment Systems, has formed a strategic alliance with WAY Systems Inc, to offer a mobile phone-based point of sale (POS) solution to merchants seeking secure, on-line mobile payment products.

WAY Systems, Inc., provides cost-effective 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 handheld device, known as the Mobile Transaction Terminal (MTT), enables merchants to accept card payments virtually anywhere, anytime. WAY Systems MTT terminals target mobile merchants worldwide who historically were unable to process secure real-time transactions because of the lack of or high cost of telephone lines or insufficient wireless coverage.

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Categories: Payments & Commerce | Payments General
Countries: World
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