The e-retailer reports a $126 million net loss, stemming from a $640 million year-over-year increase in spending in the quarter on technology and content ...
For the first time, merchants will be able to swipe and print through a cloud-based Web Application
FORT LAUDERDALE, Fla., March 28, 2012 /PRNewswire/ -- RedFin Network, Inc. (OTCQB:RFNN) (www.redfinnet.com), the innovative provider of electronic payment solutions, announced today the launch of their new PocketPOS™ cloud based platform, allowing on-the-go merchants the ability to process transactions through any web enabled smart phone or tablet running Android®, iOS® Blackberry® or Windows Mobile®. For the first time ever, merchants will be able to swipe and print through the cloud-based PocketPOS™ Web Application by downloading the new PocketPOS Link™ app.
"The PocketPOS™ turns a merchant's mobile device into a highly secure credit card payment terminal. Using the PocketPOS Link™, combined with the affordable Blue Bamboo® P25-M portable card reader and printer, merchants will have one of the lowest cost portable payment solutions available, which can process card present transactions in real time," said Jeffrey Schultz, President and CEO of RedFin Network.
Benefits of RedFin Network's New PocketPOS™:
- Platform (OS) independent cloud-based credit card processing application needs no download. Ability to process real-time transactions from the cloud.
- For the first time, merchants can use a printer/magnetic stripe reader (P25-M printer) with a Web application through the ground-breaking PocketPOS Link™.
- Multiple users on multiple devices, as licenses are not locked to a particular device.
- New License Management System makes it easy and fast to add users.
"By using the revolutionary PocketPOS Link™, merchants will be able to connect their mobile device to the P25-M Printer/Magnetic Stripe Reader, get lower transaction rates and provide the customer a printed receipt over a wireless Bluetooth® connection at the point-of-sale. The PocketPOS Link™ can be downloaded from the Android Marketplace (www.play.goggle.com) and coming soon to the iTunes App Store," Schultz added.
About RedFin Network
RedFin is a payment solutions provider, operating a powerful payment gateway used to perform Secure Electronics Payment Processing. The RedFin Network Payment Gateway is CISP (Cardholder Information Security Program) and PCI (Processor Card Industry) compliant. RedFin Network is the exclusive distributor in North America for Blue Bamboo products (www.bluebamboo.com) and also distributes HioPOS (www.hiopos.com) transaction processing hardware.
Glen Calder, (561) 750-9800 ext. 216, email@example.com
Redfin Network, Inc. Contact:
Jeffrey Schultz, Pres./CEO 954.769.1335 Ext. 302 (firstname.lastname@example.org)
David Rappa, Exec. VP Sales/Business Development 954.769.1335 Ext. 301 (email@example.com)