|By Marketwired .||
|January 18, 2013 09:00 AM EST||
LOS ANGELES, CA--(Marketwire - January 18, 2013) - MediSwipe Inc. (www.MediSwipe.com) (OTCQB: MWIP), a patient security solutions and financial products company for the health care industry, today announced an exclusive agreement with Payteller LLC (www.mypayteller.com), a leading provider of bill payment and customized kiosks based in South Florida. The exclusive agreement outlines terms in which both companies will work under a strategic alliance to manufacture, distribute and maintain the financial network for the branded "MediPay" kiosks designed specifically to address the alternative cash payment needs of the medical dispensary sector for states including but not limited to California, Michigan, Arizona, New Jersey and others. The proprietary payment kiosks designed to prevent fraudulent transactions and cut down on employee and potential theft will provide functionality including: patient identification, cash in/coupon out, loyalty/debit card issuance, and bill pay for retail locations.
"Since the elimination of legitimate credit card processing for this industry since July of 2012, there has been a great need to provide a payment solution for both merchants and patients other than ATMs or cash transactions that will allow patients to use other forms of payment, have receipts to present to insurance companies as well as begin to set up a proper infrastructure for the states to receive revenue from these operations. We believe that through our partnership with Payteller, MediSwipe has found the perfect solution," stated B. Michael Freidman, CEO of MediSwipe Inc.
"MediSwipe has positioned itself as an innovator within this sector, and with their seasoned management team combined with their experience in the merchant processing industry, we believe them to be the ideal partner for Payteller on this business venture. We expect to be delivering the first MediPay kiosks to dispensary clients as early as April," stated Jeff Foster, CEO for Payteller LLC.
About MediSwipe Inc.
MediSwipe Inc. (www.MediSwipe.com) provides innovative patient solutions for electronically processing transactions within the healthcare industry. MediSwipe provides terminal-based service packages and an integrated Web Portal add-ons for physicians, clinics, hospitals and medical dispensaries that include: digital patient records, Electronic Referrals, Credit/Debit Card merchant services, Check Guarantee and Accounts Receivable Financing.
About Payteller LLC
Payteller is part of a group of companies focused on bringing financial services to the under and unbanked populations of the world.
Our companies bring best in breed competencies to maximize revenue, profit and loyalty with telecom Top Up, International Long Distance, Bill Payment, Card Issuing, Card Load, Remittance, Advertising, Virtual Gift Cards and more.
All of these services are provided through the first self service Financial Services Kiosk (FSK) in the industry. The Payteller FSK brings Retailers, Malls, Airports, Educational Campuses and many more locations a self sufficient, one stop shop to offer a wide range of financial services without the need for expensive staffing, compliance and retail space; we offer literally hundreds of high margin virtual products in a compact, highly efficient delivery package.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of MediSwipe Inc. to be materially different from the statements made herein.
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