STOCKHOLM, Sweden--(BUSINESS WIRE)--In November 2011, Seamless Distribution announced that it will launch mobile payments through its proprietary platform SEQR. The technique is based on over ten years experience of mobile phone transactions and the technology is extremely user friendly while remaining very secure. Traders (in this instance traders within the hospitality industry) enjoy significantly reduced costs compared to the traditional card fees and the costs of handling cash.
"The agreement with MICROS-Fidelio provides us with a huge new area of POSs and we see the hospitality industry as especially interesting considering our primary target group, which is mobile urbanites", says Peter Fredell, CEO of Seamless Distribution AB.
MICROS Systems Inc. has more than 330,000 installations in over 180 countries and is the leading provider of enterprise solutions in the hospitality and retail sectors around the world. The company is at the forefront of new technology and the latest trends and has also been noted positively for its innovative solutions in mobile apps for, restaurant chains Wagamama, Pizza Hut, etc.
“MICROS-Fidelio is constantly working to help clients develop their payment transactions and integrate them into other systems. The various customer verticals include several leading global hotels, restaurants, bars and several major fast-food chains", says Henrik Hessbo, manager for MICROS's strategic clients in the Nordic countries.
For more information, please contact: Peter Fredell, CEO of Seamless Distribution AB (Publ.), tel. +46 8 564 878 00, peter.fredell@seamless.se Emil Wikstrom, CEO of SEQR, Seamless, tel. +46 709 84 55 65, emil.wikstrom@seamless.se
About Seamless
Seamless specialises in payment solutions for mobile phones, such as transferring money between mobile phones (Mobile Money) and cash card loading. Each year, the Seamless transaction platform, ERS 360°, processes more than 2.6 billion transactions through 525,000 POS’s throughout the world. Seamless has systems for electronic cash card loading and mTrade with more than 40 operators in 26 countries on three continents. Patents have been applied for the Seamless SEQR solution for mobile payments in shops and online with a total of 41 different patent criteria. Seamless was established in 2001 and is traded on the NASDAQ OMX First North; short name SDAB. The company’s head office is in Stockholm and it also has offices in Mumbai, India, Lahore in Pakistan, Riga in Latvia and Accra in Ghana. More information can be found at www.seamless.se
About SEQR
In the Seamless mobile payment solution, SEQR, consumers scan a QR code into the POS terminal, the web or the bill to approve that payment will be charged to their bank accounts. The QR code identifies the payment recipient connected to the Seamless transaction platform and consumers can pay directly from their accounts or via their credit cards. Thus the Seamless solution makes it possible for retailers to avoid the expensive charges imposed by credit card companies. The service is free of charge for consumers. See how SEQR works: http://www.seamless.se/seqr/movie.html
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