Under the terms of the agreement, NMSI will receive recurring revenue from all credit card transactions processed by Stay-USAs participating property management companies. Stay-USA and affiliate companies are one of the nations leading providers of enterprise software to the vacation rental industry, with over 700 property management company clients representing over 70,000 vacation rental units nationwide. Pipeline Data Inc. provides integrated transaction processing services for all major credit cards. The Company offers card processing services in three key areas: wireless mobile payment solutions, e-commerce solutions, and retail merchant payment solutions. Pipeline Data currently serves over 7000 merchant customers.
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