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

by PaymentsJournal 0

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MONTREAL, Oct. 05, 2017 (GLOBE NEWSWIRE) — MOBI724 Global Solutions Inc. (MOBI724) (CSE:MOS) (OTCQB:MOBIF), a fintech leader offering integrated EMV payment, card-linked offers and digital marketing, via its subsidiary MOBI724 Asia Inc., is pleased to announce that its 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. Our 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, CEO 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

MOBI724, a leader in the fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of payment & 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. MOBI724 provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enable card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to any mobile device and allow redemption at any point of sale.

Forward Looking Statements

Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.

The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States.