BELLEVUE, WA November 6, 2007. Metafos announced today a joint agreement with LINC Preferred Group (LPG), Cookeville, TN. LPG will offer the Metafos online payment system to its members which include the National Safety Council (52,000 members and more than 8 million employees) and its supplier/provider group which includes Wal-Mart, Dell, Barnes & Noble, Enterprise Rent-a-Car, Macy`s, HP, Office Depot, Wyndham Hotel Group, Yellow Freight, UPS Freight and others. Metafos will work with LINC to market its discount online purchasing program for businesses and their employees to credit unions and other cooperative businesses.
Russell J. Bunio, Chairman and Chief Executive Officer of LPG said of the agreement, "We at LPG are excited about the opportunity to bring a new process to the marketplace. The Metafos payment system will bring real value to all participants - lower cost, improved security and fewer opportunities for errors in the system."
Commenting on the agreement, Tom Coccione, Chief Executive Officer of Metafos, said, “Metafos looks forward to providing LPG’s millions of current members with a secure online payment system. In the future, we expect to offer the same online security to LPG’s suppliers/providers and their customers, helping to make the Internet a more trusted channel of commerce.”
About LPG
LPG provides discounted products and services to medium sized and small businesses and their employees. These products and services, offered at `group like discounts,` help businesses improve profitability and provide benefits to their employees. Members save on office equipment/supplies, computers, hotels & motels, dining, health and beauty supplies, car & truck rentals, freight, shipping, retail shopping, and many others.
About Metafos
Metafos’ secure online payment system enables consumers to shop online without fear of identity theft. It is unique in that it does not require the consumer to provide personal or financial information to complete an online transaction: consumers buy online and pay at their trusted financial institution. Metafos also benefits merchants who can accept all online orders without fear of fraud, as well as credit unions and other financial institutions who gain new customers and a new source of revenue.
Contact:
Archana Rao, archanar@metafos.com
Metafos
2800 156th Avenue SE
Bellevue, WA 98007
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