Hybrid Paytech Chooses Vodafone to Securely Connect its Pioneering Global Mobile Payment Service

Montreal (ots/PRNewswire) -

World's first service to securely process both debit and credit
card transactions anywhere using standard mobile devices connected to
card readers

Hybrid PayTech, a division of Freeport Capital
[http://www.freeportcapitalinc.com ] Inc. CNSX:FAS
[http://www.freeportcapitalinc.com ]) technology leader in the mobile
payment space, today announced it has selected Vodafone's global
machine-to-machine (M2M) platform to provide connectivity for its
pioneering mobile payment service.

The service allows businesses to equip mobile employees with
smartphones or tablets that can securely process credit and debit
card payments globally using Vodafone's network. This will allow
businesses to fully embrace mobile payments for the first time while
also introducing new revenue stream and improving the customer
payment experience.

Hybrid Paytech provides the world's first completely secure,
end-to-end mobile payment service that can process both credit and
debit card transactions. It is currently the only company to
implement adequate security measures to meet the strict criteria of
the debit card firms. By allowing businesses to process credit and
debit card transactions using standard smartphones and tablets, the
market for mobile payments is expected to increase dramatically.

Vodafone will provide global M2M SIM cards, remote device
management tools and highly secure, worldwide connectivity for the
mobile payment devices.

Massimo Barone, Founder & Chair of Hybrid Paytech's Advisory
Board, stated, "The ability to process credit and debit card payments
anywhere in the world using a wide variety of standard mobile devices
will drastically simplify how companies charge their customers. The
fact that we can support both credit and debit cards means the mobile
payment market can now really take off. By working with Vodafone we
not only benefit from a highly secure, comprehensive global network -
we also receive international SIM cards and management tools that
make it easy to remotely monitor, repair and update the payment
terminals."

Andrew Morawski, Head of M2M Americas, Vodafone, said, "M2M is
rapidly transforming a wide variety of different industries -and a
range of applications from connected cars to smart digital
billboards. Companies like Hybrid Paytech are showing how the
technology can also cut the cord on card payments for the first time.
This won't just help mobile businesses - it will give peace of mind
to customers who, for example, would rather pay for pizza at the door
on a secure card machine rather than sharing details over the phone."

The fully PCI-DSS compliant service includes mobile applications
for Apple, Android, Windows Phone and BlackBerry smartphones and
tablets, which can support credit and debit payments through plug and
play card-reading equipment. Alternatively, businesses can use
standard mobile payment terminals. The encrypted transactions are
sent from the mobile device over Vodafone's network to Hybrid
Paytech's regional switch, which then authorises the payment through
the debit or credit card provider.

About Vodafone

Vodafone is one of the world's largest mobile communications
companies by revenue with approximately 409 million customers in its
controlled and jointly controlled markets as of 30 June 2013.
Vodafone currently has equity interests in 30 countries across five
continents and around 50 partner networks worldwide. For more
information, please visit: http://www.vodafone.com

About Hybrid Paytech

A subsidiary of Freeport Capital Inc. (CNSX: FAS) based in
Montreal, Canada, with satellite offices in the USA, Dominican
Republic, Philippines and Hong Kong - Hybrid Paytech is a technology
leader in the mobile payment space with its proprietary Hybrid
Multi-OS App's allowing use with MSR and EMV Credit and Debit
acceptance.

Visit http://www.hybridpaytech.com or click on our corporate video
presentation
http://www.youtube.com/watch?v=XvZHrck2eag&feature=youtu.be

The Canadian National Stock Exchange (CNSX) 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

For further information:

Please visit http://www.freeportcapitalinc.com or contact Mr.
Michele (Mike) Tasillo, +1-514-394-5200 ext:230,
mike.tasillo@hybridpaytech.com

(FAS. VOD)

ots Originaltext: Freeport Capital Inc
Im Internet recherchierbar: http://www.presseportal.de