17:02:45 EDT Fri 26 Apr 2024
Enter Symbol
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USA
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Mobi724 Global Solutions Inc
Symbol MOS
Shares Issued 185,401,349
Close 2017-10-05 C$ 0.24
Market Cap C$ 44,496,324
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Mobi724 payment host receives BancNet certification

2017-10-05 09:40 ET - News Release

Mr. Marcel Vienneau reports

MOBI724 GLOBAL SOLUTIONS INC. ANNOUNCES FINAL CERTIFICATION OF ITS PAYMENT HOST ON BANCNET'S LOCAL DEBIT NETWORK IN THE PHILIPPINES VIA ITS SUBSIDIARY MOBI724 ASIA

Mobi724 Global Solutions Inc.'s transaction-payment host has successfully completed the final steps of a rigorous testing process and has received host system certification from BancNet. This certification will allow local prospects who use Mobi724's solutions the ability to roll out a full EMV solution to their customers. Mobi724's local customers will benefit from their inclusion on BancNet's certification approval list, as it helps to reinforce and aid in the development of new partnerships with local acquiring banks, as well as increasing their processing transaction volume.

"With the completion of this final step, we have also officially received our first point of sale device order," says Marcel Vienneau, chief executive officer of Mobi724. "This allows us to commence planning the rollout of our first EMV end-to-end solution in the Philippines."

About Mobi724 Global Solutions Inc.

Mobi724, a leader in the fintech industry based in Montreal, offers a unique and fully integrated suite of payment and digital marketing solutions with a combined EMV payment, card-linked offers and digital marketing platform that works on any card and any mobile device. Mobi724's solutions add value to all types of transactions benefiting banks, retailers and cardholders by leveraging available user and purchasing data to increase transaction volumes and spend. Mobi724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card.

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