Abanco Announces End-to-End Solution for the Transportation Industry; Solution Will Track Ticket and Retail Sales, Inventory and Revenue.

ROSEMONT, Ill. -- Abanco(TM) International, LLC, a leading provider of payment processing solutions, today introduced its solution for transportation and supply chain partners, In-Transit Terminal Services (ITTS). ITTS consists of a customizable software application and a hand-held device, which enables the tracking of ticketing, retail sales, inventory and revenue. This all-in-one payment processing solution has the option of WIFI, GSM or CDMA making it a great alternative for on-the-go retailing.

Abanco has a patented payment solution for the airline industry. Thus, building on its experience and success, Abanco is extending its product base into other transportation areas that would require a similar solution to the airline scenario.

"Abanco was the first to market with this type of solution and is the only company that offers such breadth and depth," says Tracy Metzger, chief technology officer at Abanco. "With this, we are confident that we can easily cross boundaries from one form of transportation to another seamlessly."

In-Transit Benefits:

    --  On-Board Ticket Issuance and Tracking

    --  Passenger Manifesting

    --  On-Board Retail Management

    --  Inventory and Revenue Reconciliation

    --  Real-Time Web-based Reporting

    --  Coupon Support

    --  Entertainment/ticketing Vouchering

    --  Internet Pre-Orders

    --  Total Payment Solutions
        Visa, MasterCard, American Express, Discover, Diners,
        JCB, Cash

Abanco plans to market this solution to the railways, taxis and any transportation service that is looking to create an on-board retail environment.

About Abanco International, LLC

Abanco International, LLC, founded in 2002, is a leading provider of payment processing solutions that develops and markets a full suite of services to the automotive, healthcare, hospitality, insurance, retail and transportation industries. Its innovative hardware and software platforms are a product of Abanco's commitment to developing solutions that enhance customer relationships through management of all cardholder interactions including credit (with optional signature capture), debit, non-bank cards, electronic check services, and gift and loyalty programs. Abanco is headquartered in Rosemont, IL and has representative offices throughout the USA. Company and product information are available at: http://www.abanco.com