Card will serve both banked and un-banked, allowing cardholders to transfer fund via mobile telephones anywhere in the world in real time
GOLDEN VALLEY, Minn., Oct. 20, 2011 /PRNewswire/ -- 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 Lifestyle Wireless of Seattle, Washington. Lifestyle Wireless will begin marketing Veritec's blinx On-Off™ 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 card members or charity organizations instantly anywhere in the world. Card members also enjoy additional security features by receiving notification on card usages in real time, and can turn a card on or off via phone or Internet.
Lifestyle Wireless, Inc (LSW) is a state of the art mobile technology company and full-service mobile marketing agency. The company operates a best-in-class mobile commerce and communications platform specifically designed to facilitate secure financial transactions directly from the mobile device. LSW makes any campaign instantly interactive via the mobile phone, regardless of what media channel is used to communicate with the consumer or donor. This functionality allows our clients to conduct business transactions, accept donations and engage in targeted communication campaigns with their customers/donors through mobile devices. The LSW platform was built to enable clients to use the mobile channel to raise money through mobile donations and facilitate the sale of goods and services to mobile users through text message, mobile web enabled checkout and smart phone applications.
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 VeriCode® and VSCode® symbology, Bio ID-VSCode® multi-purpose card solutions, and PhoneCodes™ 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
