STRATEGIC PARTNERS
December 27, 2001
NEW YORK -- U. S. Wireless Data, Inc. (USWD) (OTC: USWE), has signed a marketing agreement with Concord EFS, Inc., in which Concord will offer USWD's Synapse wireless payment services for point-of-sale and ATM processing.
Concord, which processes transactions for more than 300,000 merchant locations and drives more than 48,000 ATMs nationwide, will promote Synapse through its direct and ISO sales channels. Concord will also use U.S. Wireless Data's proprietary technology to convert current dial-up devices, including traditional credit card terminals and ATMs, to wireless.
"Our goal at Concord is to meet the current and anticipated needs of our retailers and resellers while looking to emerging technologies," said Steve Lynch, Concord's chief information officer.
