Click here to close now.


Mobile IoT Authors: Liz McMillan, Kevin Benedict, Sanjay Zalavadia, Flint Brenton, Pat Romanski

News Feed Item

Freeport Capital Inc. (CNSX: FAS) Hybrid PayTech Asia Enters Into Partnership LOI With The Gemini Group Of Companies In The Philippines

MONTREAL and MANILA, Philippines, Dec. 21, 2012 /PRNewswire/ - Freeport Capital (CNSX: FAS), - a leader on Mobile Credit and PIN Debit payment solutions, announces that it subsidiary HybridPaytech Asia Inc.(HYBRID) and BANK OUTSOURCING COMPANY LTD (BOS) a  division of The Gemini Group of Companies(GGC)  announced today that they have signed a Letter of Intent to enter into a partnership and a license agreement. The Letter of Intent describes BOS's intent to license HYBRID's extensive Mobile Payment Ecosystem, which contains access to all HYBRID's Mobile payment systems, development and hardware.

Becoming a HYBRID licensee provides access to additional products and services to deliver secure, safe and easy mobile payment globally. As HYBRID partner, BOS will have access to HybridPaytech Asia's extensive banking and switching relationships to enable BOS to effectively market HYBRID's full suite of services throughout the Philippine's and Asia and in addition Hybrid and BOS will be jointly developing new payment options and platforms to support BOS's clientele.

"HYBRID's Mobile Payment Ecosystem and client portfolio is a strong and critical element to our business strategy," said Mr Alfredo Aquino, President of BOS. "Our alliance with HYBRID gives us access to wireless payment technology and allows us the freedom to focus on delivering Payment and Remittance solutions to our existing clientele, Philippine/Asian banks, their merchant portfolios, other Financial Instutitions and select Governmental Agencies." In addition BOS and HybridPaytech Asia are also working together with partner banks to test the Hybrid Mobile technology to support the payroll-driven Overseas Filipino Workers sector.

Hybridpaytech Asia Inc, President Gary Repchuk indicates "HYBRID combines scale and expertise to structure sophisticated partnerships with global clients that require a global payment solution. We will enable companies to strengthen their market position by providing access to Hybrids mobile payment platform. Setting up a partnership with BOS and collaborating with their banking relationships provides HYBRID with a strong and established partnership that has proven itself as the preeminent Bank Outsourcing Company in the Philippines.

About Philippine Remittances

North Americas is host to roughly 5 million Overseas Filipinos and is the biggest contributor (almost 50%) to the more USD20.0 billion inward remittances into the Philippines (coursed thru formal channels). Next is the Middle East where there are over 2.5 million "remitting" OFWs who generate a little less than 30% of the volume. The remainder of volumes are generated by OFW's working within Asia

About the PHILIPPINES: Population (2011): 101,833,936 with 92,227,000  Mobile Cellular Users (2010): - Increasing amount of smart phone (I-Phone, Androids, Blackberry) that are becoming more main stream and cheaper in cost.

About Gemini Group of Companies
In 1996 the original corporation that is now the Gemini Group of Companies started providing very affordable and efficient door -to - door remittance service for Filipinos in Canada. Since that time the company has transitioned to providing delivery and fulfillment services for the entire banking, non-banking and specifically the large international remittance companies which are now part of of GGC's valued clients.  The Gemini Group of Companies has several subsidiaries and until recently was better known in the banking industry as:

  • Gemini Exchange International, Inc.;
  • Signed and Delivered, Inc.;
  • St. Clair Security, Inc.;
  • BOS-Banks Outsourcing Services,;
  • Gemini Express;
  • Gemini Forex. Inc.;
  • BOS Security Solutions & Services 

Within Canada and amongst their Filipino-Canadian clients the "Gemini Express" brand is recognized as the company through which they accept and process remittances (over the counter via Cash and INTERAC) as a licensed Canadian Money Services Business company.  Fulfillment is completed the same or next day by one of the above GGC companies via:

  • Door to Door Cash Delivery or Home Cash Delivery 
  • Direct credit (IBFT) or over the counter deposit to all major banks
  • Cash Pick Up services at our own front stores and partnered with few chain of stores with thousands of payout outlets.
  • Issuance of their own co-branded Cash Cards with Banco De Oro and Visa Cards with Chinatrust Bank

Because of the above diversity of delivery options GGC is the approved fulfillment partner of all major banks in the Philippines, and the large International Remittance Companies that dominate the industry.

With their success GGC then ventured into and succeeded to higher levels of service through their subsidiaries: Bank Outsourcing Company by providing CIT-Cash in Transit companies for more than a decade.  In addition to Cash-In-Transit (Armored Vans) services to the Philippine banking industry,  Gemini deploys ATM's and P.O.S. machines including the launching of Philippines first mobile ATM. Foreign Exchange Trading (GEMINI FOREX) and retail Money Exchange and Pawnshop facilities (Subic Money Changer) are also part of the GGC family.

BOS is the premier bank outsourcing company in the Philippines.

About Freeport Capital Inc.

First Equity Strategy LLC (DBA; Hybrid Paytech and Hybridpaytech Asia Inc are subsidiaries of Freeport Capital Inc. Based in Montreal, Canada and manila Philippines; Hybrid Paytech is a technology leader in the mobile payment space for EMV, Credit and Pin Debit acceptance offering an ERP (Enterprise Ready Platform) enabling Processors & Acquirers with quick merchant adoption solutions. With a global footprint, Hybrid is an enabler of easily deployable payment systems for Smartphones & Tablets focusing on Encryption & Authentication for Merchants in the Fleet, Delivery, Logistics, Transit, Government, Hospitality and Retail industry "on the go".

For further information on Hybrid, please visit and click on our corporate video presentation

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.


More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data shows "less than 10 percent of IoT developers are making enough to support a reasonably sized team....
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Summit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, demonstrated examples of com...
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningful and actionable insights. In his session at @ThingsExpo, Paul Turner, Chief Marketing Officer at...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially. In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, exploreed the current state of IoT connectivity and review key trends and technology requirements that will drive the Internet of Things from hype to reality.
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessions, I wanted to share some of my observations on emerging trends. As cyber security serves as a fou...
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now all corporate assets – people, objects, and spaces – can share information about themselves and thei...
The cloud. Like a comic book superhero, there seems to be no problem it can’t fix or cost it can’t slash. Yet making the transition is not always easy and production environments are still largely on premise. Taking some practical and sensible steps to reduce risk can also help provide a basis for a successful cloud transition. A plethora of surveys from the likes of IDG and Gartner show that more than 70 percent of enterprises have deployed at least one or more cloud application or workload. Yet a closer inspection at the data reveals less than half of these cloud projects involve production...
Continuous processes around the development and deployment of applications are both impacted by -- and a benefit to -- the Internet of Things trend. To help better understand the relationship between DevOps and a plethora of new end-devices and data please welcome Gary Gruver, consultant, author and a former IT executive who has led many large-scale IT transformation projects, and John Jeremiah, Technology Evangelist at Hewlett Packard Enterprise (HPE), on Twitter at @j_jeremiah. The discussion is moderated by me, Dana Gardner, Principal Analyst at Interarbor Solutions.
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true change and transformation possible.
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Microservices are a very exciting architectural approach that many organizations are looking to as a way to accelerate innovation. Microservices promise to allow teams to move away from monolithic "ball of mud" systems, but the reality is that, in the vast majority of organizations, different projects and technologies will continue to be developed at different speeds. How to handle the dependencies between these disparate systems with different iteration cycles? Consider the "canoncial problem" in this scenario: microservice A (releases daily) depends on a couple of additions to backend B (re...
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound effect on the world, and what should we expect to see over the next couple of years.
Container technology is shaping the future of DevOps and it’s also changing the way organizations think about application development. With the rise of mobile applications in the enterprise, businesses are abandoning year-long development cycles and embracing technologies that enable rapid development and continuous deployment of apps. In his session at DevOps Summit, Kurt Collins, Developer Evangelist at, examined how Docker has evolved into a highly effective tool for application delivery by allowing increasingly popular Mobile Backend-as-a-Service (mBaaS) platforms to quickly crea...
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, wil...
PubNub has announced the release of BLOCKS, a set of customizable microservices that give developers a simple way to add code and deploy features for realtime apps.PubNub BLOCKS executes business logic directly on the data streaming through PubNub’s network without splitting it off to an intermediary server controlled by the customer. This revolutionary approach streamlines app development, reduces endpoint-to-endpoint latency, and allows apps to better leverage the enormous scalability of PubNub’s Data Stream Network.
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Ben Perlmutter, a Sales Engineer with IBM Cloudant, demonstrated techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user experience, both offline and online. The focus of this talk was on IBM Cloudant, Apache CouchDB, and ...