August 02, 2011 07:30 AM Eastern Daylight Time
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Jeffrey Schultz, Redfin Network, Inc. (OTCQB:RFNN)(www.redfinnet.com) President and CEO, announced today a strong forecast for growth of its mobile payments products and services through 2011 and beyond with the much expected launch of the RedFin PocketPOS application for Android smart-phones and tablets.
“We have strategically positioned RedFin by being one of a few companies in the industry that have incorporated mobile payment solutions across the Blackberry® (Nasdaq:RIMM), Apple (iOS)® (Nasdaq:AAPL), and now Android platforms (Nasdaq:GOOG) which are labeled under our PocketPOS application product set. RedFin is the only company in the mobile payments sector that distributes an integrated card reader and printer solution for all smart phones through its Blue Bamboo P25M and P25MFi products in addition to the self contained H50 transaction terminal geared towards wireless and mobile payment acceptance. We expect to distribute more than 7500 card reader printers and H50 terminals through the end of 2011 and expect continued growth through 2012. The Yankee Group study released recently predicts $1 trillion in mobile transactions by 2015”, Schultz stated.
About RedFin Network
RedFin Network, Inc. is a payment solutions provider, operating a powerful Payment Gateway used to perform Secure Electronic Payment Processing. RedFin Network specializes in providing reliable and robust solutions to e-Commerce and Mobile Commerce, offering a comprehensive yet simple, suite of Products and Services. The RedFin Network Payment Gateway is CISP (Cardholder Information Security Program) and PCI (Processor Card Industry) compliant. Redfin Network is the exclusive distributor in North America for Blue Bamboo (www.bluebamboo.com) and HIOPOS (www.hiopos.com) transaction processing hardware.
