HybridPaytech Chooses Vodafone to Securely Connect its Pioneering Global Mobile Payment Service

   HybridPaytech Chooses Vodafone to Securely Connect its Pioneering Global
                            Mobile Payment Service

PR Newswire

MONTREAL, Aug. 21, 2013

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

MONTREAL, Aug. 21, 2013 /PRNewswire/ - HybridPayTech, a division of Freeport
Capital Inc. CNSX:FAS) technology leader in the mobile payment space, today
announced it has selected Vodafone's (NASD:VOD) 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.

HybridPaytech 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 HybridPaytech'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
HybridPaytech 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 HybridPaytech's regional switch, which then authorises
the payment through the debit or credit card provider.

About Vodafone

Vodafone(NASD:VOD)  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: 
www.vodafone.com

About HybridPaytech

A subsidiary of Freeport Capital Inc. (CNSX: FAS) based in Montreal, Canada,
with satellite offices in the USA, Dominican Republic, Philippines and Hong
Kong - HybridPaytech 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 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

SOURCE Freeport Capital Inc.

Contact:

Please visitwww.freeportcapitalinc.com or contact Mr. Michele (Mike) Tasillo
514-394-5200 ext:230
mike.tasillo@hybridpaytech.com
 
Press spacebar to pause and continue. Press esc to stop.