Electronic Payment Exchange, Sprint extend relationship v ia co-marketing deal
Wilmington, DE June 8, 2011 – Electronic Payment Exchange (EPX), a global, full-service provider of credit card, debit card, and electronic check processing services, announced today the signing of a co-marketing deal with Sprint that extends their current payment processing relationship. While EPX and Sprint have worked together since 2009 to facilitate payments at third-party-branded DVD rental kiosks, the new co-marketing deal enables other Sprint business customers to receive EPX’s solid, proven, and secure payment acceptance technology and payment processing services through the Nationwide Sprint Network.
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Electronic Payment Exchange’s BuyerWall-based tokenization and encryption technology and payments platform can be seamlessly applied to wireless payment units such as kiosks, parking meters, vending machines, and other self-service devices that use the Sprint 3G network for transmitting transaction-based data. Using the full-service, end-to-end payment processing capabilities of EPX, Sprint eliminates the need to integrate to and contract with multiple third parties in the payments chain and provides their customers and downstream consumers with strong protection from payment data breach and identity theft.
“Partnering with Sprint to jointly offer payment processing solutions empowers merchants to engage consumers in new ways,” says EPX Marketing Director Steven M. Kendus. “Increasing numbers of merchants are turning to self-service offerings that incorporate wireless payment technology, so the combination of fast, reliable wireless communications and secure payment solutions is a must have for any unattended hardware devices that accept credit cards or debit cards.”
“Businesses today increasingly need to provide payment options for their customers wherever they happen to be, such as a field office or a retail kiosk. The Nationwide Sprint Network provides the perfect wireless backhaul to support those end-to-end payment processing capabilities,” said Wayne Ward, vice president of Emerging Solutions Group, Sprint. “When coupled with EPX’s point-of-sale solutions, Sprint’s 3G network allows businesses to provide convenient and secure mobile payment options right at the point where they deliver goods and services.”