Sprint to Promote EPX Payment Processing through the Nationwide Sprint Network
Wilmington, DE and Overland Park, Kan., June 8, 2011
– Electronic Payment Exchange (EPX), a global, full-service provider of credit card, debit card, and electronic check processing services, announced today the signing of a co-marketing deal with Sprint that extends their current payment processing relationship. While EPX and Sprint have worked together since 2009 to facilitate payments at third-party-branded DVD rental kiosks, the new co-marketing deal enables other Sprint business customers to receive EPX’s solid, proven, and secure payment acceptance technology and payment processing services through the Nationwide Sprint Network.
Electronic Payment Exchange’s BuyerWall-based tokenization and encryption technology and payments platform can be seamlessly applied to wireless payment units such as kiosks, parking meters, vending machines, and other self-service devices that use the Sprint 3G network for transmitting transaction-based data. Using the full-service, end-to-end payment processing capabilities of EPX, Sprint eliminates the need to integrate to and contract with multiple third parties in the payments chain and provides their customers and downstream consumers with strong protection from payment data breach and identity theft.
“Partnering with Sprint to jointly offer payment processing solutions empowers merchants to engage consumers in new ways,” says EPX Marketing Director Steven M. Kendus. “Increasing numbers of merchants are turning to self-service offerings that incorporate wireless payment technology, so the combination of fast, reliable wireless communications and secure payment solutions is a must have for any unattended hardware devices that accept credit cards or debit cards.”
“Businesses today increasingly need to provide payment options for their customers wherever they happen to be, such as a field office or a retail kiosk. The Nationwide Sprint Network provides the perfect wireless backhaul to support those end-to-end payment processing capabilities,” said Wayne Ward, vice president of Emerging Solutions Group, Sprint. “When coupled with EPX’s point-of-sale solutions, Sprint’s 3G network allows businesses to provide convenient and secure mobile payment options right at the point where they deliver goods and services.”
About Electronic Payment Exchange
Founded in 1979, Electronic Payment Exchange is the global, industry-leading provider of fully integrated, end-to-end payment solutions for merchants across all distribution channels. EPX offers a full range of tokenization-based payment processing services for leading merchants, retailers, etailers, and banks in the United States, Canada, Europe, Latin America, and the Caribbean.
EPX is a participating organization of the Payment Card Industry Security Standards Council. EPX is PCI v1.2 compliant, a VISA USA Cardholder Information Security Program (CISP) Compliant Service Provider, and a MasterCard Site Data Protection (SDP) Compliant Service Provider.
For more information about EPX, visit www.epx.com or contact EPX at 302-288-0600.
About Sprint Nextel
Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel served more than 51 million customers at the end of 1Q 2011 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. Newsweek ranked Sprint No. 6 in its 2010 Green Rankings, listing it as one of the nation’s greenest companies, the highest of any telecommunications company. You can learn more and visit Sprint at www.sprint.com