FreedomPay® Announces Full Integration with HID’s iCLASS® Contactless Smart Cards
WAYNE, PA, July 10, 2007–FreedomPay, Inc., the leader in contactless transactions and settlements to the nation’s largest hospitality foodservice providers, healthcare systems, Fortune 1000 corporations, and educational institutions, today announced that its’ online hosted network integrates fully with the read/write capability of HID’s iCLASS 13.56 MHz contactless smart card technology.
“The FreedomPay cashless application, when coupled with the iCLASS card, allows employees and students to link funds directly to their iCLASS card,” said Jim Ellis, FreedomPay’s SVP. “The solution offers speed of service and convenience, including a higher level of fraud protection and authentication that is not seen in other ID technologies.”
The combination of FreedomPay’s cashless network with HID’s iCLASS technology illustrates how convenience and security come together to create clearly identifiable benefits for the enterprise, the employee and the merchants. “FreedomPay has the appropriate depth of understanding of each of the key business elements required for success, and has put the partnerships into place to make it happen,” said David Koma, Director of Business Development, HID Connect™.
About FreedomPay, Inc.
FreedomPay®is the industry leader in Cashless transaction innovation to the nation’s largest hospitality foodservice providers, healthcare systems, Fortune 1000 corporations, universities, and government and military installations, delivering a global infrastructure for world class payment, loyalty and settlement services. FreedomPay investors include: Goldman Sachs (NYSE: GS) a global leader in corporate equity and mezzanine investing; Blue Run Ventures headquartered in Menlo Park, California, with offices in Helsinki, Herzelia (Israel), Mumbai, Seoul and Shanghai; and Core Capital Partners headquartered in Washington, DC, focused on investing in companies where technology is a driver of change in the business sector. Learn more about FreedomPay at http://www.freedompay.com.
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About HID Global
HID Global is the trusted leader in secure identity, serving customers worldwide with proximity and contactless smart card technologies; central station managed access controllers; secure and custom card solutions; photo ID and ID card application control software; High Definition Printer/Encoders and secure card issuance solutions. Headquartered in Irvine, California, HID Global operates international offices that support more than 100 countries and is an ASSA ABLOY Group company.
® HID and iCLASS are registered trademarks of HID Global Corporation. HID Connect is a trademark of HID Global Corporation. All other trademarks are property of their respective owners.