Electronic Payment Exchange (EPX), a full-service provider of credit card, debit card and electronic check processing services, announced today the signing of a co-marketing deal with Sprint that extends their current payment processing relationship.
According to a company press release, EPX and Sprint have worked together since 2009 to facilitate payments at third-party-branded DVD-rental kiosks, but the new co-marketing deal allows other Sprint business customers to receive EPX's secure payment acceptance technology and payment processing services through the Nationwide Sprint Network.
Electronic Payment Exchange's BuyerWall-based tokenization and encryption technology and payments platform can be applied to wireless payment units such as kiosks, parking meters, vending machines and other self-service devices that use the Sprint 3G network for transmitting transaction-based data. Using the full-service, end-to-end payment processing capabilities of EPX, Sprint eliminates the need to integrate to and contract with multiple third parties in the payments chain and provides their customers and downstream consumers with protection from payment data breach and identity theft.
"Partnering with Sprint to jointly offer payment processing solutions empowers merchants to engage consumers in new ways," EPX Marketing Director Steven M. Kendus said in the release. "Increasing numbers of merchants are turning to self-service offerings that incorporate wireless payment technology, so the combination of fast, reliable wireless communications and secure payment solutions is a must have for any unattended hardware devices that accept credit cards or debit cards."
