BancNet recently signed a Memorandum of Agreement with Hybrid Paytech Asia for the latter to become an authorized payment terminal provider for BancNet.
This partnership is in line with BancNet’s continuing effort to further expand its network of payment terminals where ATM cardholders can pay for purchases using their ATM and other debit cards.
Hybrid Paytech Asia is a subsidiary of Freeport Capital Inc. , a leader in Mobile Credit and PIN Debit payment solutions based in Canada. It is an enabler of easily deployable payment systems for smartphones and tablets focusing on encryption and authentication for merchants in the Fleet, Delivery, Logistics, Transit, Government, Hospitality and “on the go” Retail industries.
“Hybrid Paytech Asia’s breadth of merchant services and thoroughness of compliance with current and emerging payment standards sets them apart as a payment solutions provider,” said Robert Blas, president of BancNet Inc. “We are happy to partner with a corporation that has an in-depth knowledge of the global payment environment to complement our existing payment offerings to our member banks.”
“The initial implementation will be as a standard BancNet terminal provider but we look forward to progressing our relationship with BancNet to include mobile payments via Hybrid Paytech’s mobile ecosystem that targets mobile devices supporting Android, Windows Mobile, BB, and Apple iOS operating systems.” said Gary Repchuk, President of Hybrid Paytech Asia.
BancNet president Robert Blas (3rd from left) congratulates Freeport Capital, Inc vice chairman and executive vice president Paolo Continelli. Also at the signing ceremony were (from left) BancNet Business Development director Rey Marukot, executive vice president and chief operating officer Aristeo Zafra, Jr., Hybrid Paytech Asia president Gary Repchuck and director Ray Serion.
