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EMIDA Expands Hispanic Prepaid Electronic Network to Colombia.


MIAMI Miami, cities, United States
Miami (mīăm`ē, –ə).

1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896.
 -- EMIDA Technologies, http://www.emida.net, a Miami-based provider of a growing electronic transactional network for prepaid services, money transfer and stored value card processing for the Global Hispanic market and Electronic Payment Networks S.A. announced the launching of the PUNTOflex Network in Colombia.

David Brillembourg, 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 EMIDA said, "We are very pleased to establish this partnership with Electronic Payment Networks in a country that represents the third largest market in remittances in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies.  exceeding US$3.1 billion in 2003, with great potential for prepaid services and other electronic transactions."

The PUNTOflex Network, a transactional network for the unbanked Global Hispanic market, is being deployed in 15 countries, targeting the estimated 250 million Hispanics and Latin Americans This is a list of notable Latin American people. In alphabetical order within categories. Actors
  • Norma Aleandro (born 1936)
  • Héctor Alterio (born 1929)
.

"We are in negotiations with major retailers, financial institutions and acquiring networks which are very interested in offering electronic distribution of prepaid services and other types of electronic transactions at their points of sales", explained Guillermo Gomez Lozano, President of Electronic Payment Networks. The company is also deploying a local proprietary POS (1) See point of sale and packet over SONET.

(2) "Parent over shoulder." See digispeak.

POS - point of sale
 network.

EMIDA's multi-product technology platform, EmidaNET and the PUNTOflex Network offers important opportunities for retailers, banks, telcos and money transfer companies looking to become a distribution center for prepaid services and lottery, to capture funds from remittances and to process prepaid stored value cards.

About EMIDA Technologies

EMIDA Technologies enables electronic prepaid service distribution, money transfer and prepaid stored value card processing targeting the Global Hispanic market. The company's PUNTOflex network, utilizing Emida's proprietary transactional platform, is being deployed in 15 countries including Mexico, U.S., Dominican Republic Dominican Republic (dəmĭn`ĭkən), republic (2005 est. pop. 8,950,000), 18,700 sq mi (48,442 sq km), West Indies, on the eastern two thirds of the island of Hispaniola. The capital and largest city is Santo Domingo. , Spain, Guatemala, Peru, Ecuador, El Salvador El Salvador (ĕl sälväthōr`), officially Republic of El Salvador, republic (2005 est. pop. 6,705,000), 8,260 sq mi (21,393 sq km), Central America. , Colombia and Aruba.

For more information visit http://www.emida.net

About Electronic Payment Networks, S.A.

Electronic Payment Networks, S.A. is EMIDA's local partner managing and operating the PUNTOflex Network in Colombia which enables electronic prepaid service distribution, money transfer, and stored value card processing.
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Publication:Business Wire
Date:Dec 14, 2004
Words:315
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