Business Payment Systems Begins Distribution of Q Comm Prepaid Wireless Application for the VeriFone Omni 3750 Terminal.OREM, Utah Orem is an incorporated town in the north-central part of the state of Utah in Utah County. It is adjacent to Provo, Lindon, and Vineyard and is about 45 miles south of Salt Lake City. As of the 2000 census, the city had a total population of 84,324. -- Q Comm Officially Certified by VeriFone as Value Added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. Partner Q Comm International Inc. (Amex:QMM QMM Quick March Medley QMM Quasi-Multiple Medium Method QMM Quadratic Minimax QMM Quadrature Multipath Monitor QMM Question Mark and the Mysterians (band) QMM Quest for the Magic Marbles ) (QMM.WS), a provider of prepaid transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and electronic point-of-sale (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ) distribution solutions, today announced that Business Payment Systems is currently marketing the Q Comm prepaid wireless application to merchant customers running the VeriFone Omni 3750 terminal. Business Payment Systems Inc. (BPS (Bits Per Second) The measurement of the speed of data transfer in a communications system. 1. BPS - Basic Programming Support 2. bps - bits per second ), with headquarters in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , is the largest independent sales organization This article or section deals primarily with the English-speaking world and does not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. for National Processing Inc. with independent sales offices in 47 states. BPS delivers POS debit or credit card processing and e-commerce solutions. Presently, BPS is emphasizing merchant value-added products with focus on higher growth areas, such as prepaid applications. BPS is introducing Q Comm services to a wide range of customers, from independent retailers to large national accounts. Steve Feldshuh, president of BPS commented: "Q Comm's prepaid solutions are a great fit for BPS merchants who want to attract a broader customer base and recurring revenue. It turns a point-of-sale terminal into a profit center." Also, VeriFone has officially certified Q Comm's prepaid applications for the VeriFone Omni 3750 and Q Comm has been officially named as a value-added partner for VeriFone Inc. Q Comm is the first prepaid provider to receive the prestigious "Value Add Program-North America" stamp of approval. This approval is given based on Q Comm's unique market presence with prepaid products that serve both the U.S. and Canadian marketplaces. Patty Colby, G.M. of VeriFone's Value Add Program for North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. stated: "Every region dictates its own unique flavor of value add products and capabilities. Q Comm has made the investment in both the Canadian and U.S. marketplace in order to understand and create a competitive, in-country, prepaid service that serves the needs of these regions. In turn, this creates the platform on which our customers, like Business Payment Systems, may leverage in order to reduce attrition within their existing portfolio of merchants or in order to gain new merchant business." Q Comm will display their solution at the 2004 VeriFone Value Added Partners Symposium at the VeriFone World Wide Sales Meeting sales meeting n → reunión f de ventas Nov. 15-17, 2004. Terry Kramer CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Q Comm stated: "Being certified on the Omni 3750 Value Add Program and having a distribution agreement with BPS are exciting developments for Q Comm. VeriFone is recognized as the market leader in electronic payment systems and its Omni 3750 terminals are the fastest-growing in the industry worldwide." Vice President of Sales Darin Hunsaker added: "We recently trained more than 200 of BPS's top sales agents, and we are greatly encouraged by the enthusiasm they have expressed for Q Comm's products and services. We expect to see many of them promoting Q Comm prepaid products and services when they recruit new accounts." ABOUT Q COMM INTERNATIONAL: Established in 1992, Q Comm International provides proprietary prepaid transaction processing and information management systems that facilitate electronic recharge or distribution of prepaid products from service providers or their distributors to retail points of sale. Q Comm's solutions replace traditional hard cards (also known as scratch cards or vouchers) that are costly to distribute and provide more comprehensive reporting and inventory management among other benefits. In concert with its proprietary data center platform, Q Comm's point-of-sale terminal, Qxpress 200(TM), is currently used by wireless carriers or mobile operators, telecom distributors, and various retailers to sell a wide range of prepaid products and services, including prepaid wireless or prepaid mobile, prepaid phone cards, prepaid dial tone, and prepaid bank cards, such as prepaid MasterCard. Visit www.qcomm.com for more information. About VeriFone Inc. VeriFone Inc., (http://www.verifone.com) recognized worldwide as the trusted leader in secure electronic payment technologies, provides expertise, solutions, and services for today with a smart migration strategy for tomorrow. VeriFone is leading the industry in the delivery of solutions that add value to the point of sale, resulting in improved merchant retention and the generation of new sources of revenue for its partners and customers. VeriFone solutions are specifically designed to meet the needs of vertical markets including financial, retail, petroleum, government, and healthcare. VeriFone has shipped over 10 million electronic-payment systems, more than twice the number of its nearest competitor. Statements made in this press release are forward-looking and are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. The economic, competitive, governmental, technological and other factors identified in the company's filings with the Securities and Exchange Commission, including the Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended Dec. 31, 2003, may cause actual results or events to differ materially from those described in the forward-looking statements in this press release. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. |
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