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Monday, October 17, 2011 — 11:41:51 (CDT)
Secopay, Veritec to launch blinx prepaid card
Golden Valley, Minn., Oct. 17, 2011 -- Van Tran, CEO of Veritec, Inc. (otc.ob:VRTC.), a pioneer of proprietary two-dimensional matrix technology and mobile banking debit card solutions, announced the signing of an agent agreement with Secopay Inc., a Nevada corporation. Secopay will begin marketing Veritec's blinx On-Off(TM) Debit Card to both the banked and un-banked population. Veritec's mobile banking software platform processes debit, pre-paid and gift card solutions to debit card issuers and sponsoring organizations. Veritec's technology can be deployed on both a closed or open loop processing platform. Using Veritec's Unique Mobile Banking Technologies, the card will allow cardholders to send funds to family members instantly anywhere in the world, receive notification on card usages, and turn a card on or off via phone or Internet.
"Veritec is pleased to participate with Secopay in marketing our Blinx product," said Van Tran, CEO of Veritec, Inc. "We are excited to work with Secopay due to their extensive knowledge and experience with prepaid products. We look forward to building and marketing our products with Secopay and the added value to our clients because of this agreement."
According to Andre G. Herrera of Secopay, he stated, "Veritec not only offers a full feature prepaid platform, but with their technical knowledge of integrations and their proprietary products, we will be able to bring truly unique card products and innovation to the industry. We look forward to the payment solutions that will occur because of this relationship."
About Secopay, Inc.
Secopay, Inc. is a leading provider of electronic payment and management information systems to the financial services industry. Utilizing next generation technologies, Secopay delivers a feature-rich set of products and services to the prepaid and credit card industry. They provide both expertise and the tools necessary to simplify complex business challenges. Their payment solutions include e-commerce, business to business, retail, restaurant, direct marketing, healthcare, gaming, as well as other industries. In addition to card product integration and consulting, Secopay also provides merchant bankcard processing, payment remittance services, and biometric technology and payment solutions.
About Veritec, Inc. and Veritec Financial Systems (VTFS)
Veritec, Inc. is a pioneer and developer of proprietary 2-D barcodes. The company's products include its proprietary VeriCodeŽ and VSCodeŽ symbology, Bio ID-VSCodeŽ multi-purpose card solutions, and PhoneCodes(TM) for delivering electronic tickets, coupons and gift cards to mobile devices. Veritec Financial Systems, Inc. is a wholly owned subsidiary of Veritec, Inc. VTFS develops and licenses mobile banking, debit, gift, and prepaid card solutions and serves as a third party processor to banks for debit card transactions on the company's mobile banking platform. For more information go to: www.veritecinc.com , www.vtfs.com , www.blinxcard.com .
Source: Company press release.
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