Hybrid Paytech signs managed services agreement with Bancnet

Partnering Bancnet

A subsidiary of Freeport Capital, a Mobile Credit and PIN Debit payment solutions provider, called Hybrid Paytech, has signed a managed service agreement with Bancnet, an electronic banking consortium in the Philippines (view press release). Hybrid will become an authorised POS hardware provider to BancNet and will work cooperatively to integrate standard POS terminals and mobile handheld technology to the BancNet POS network.

“Hybrid Paytech Asia’s breadth of merchant services and thoroughness of compliance with current and emerging payment standards set them apart as a mobile payment provider,” said Robert Blas, president of BancNet. “We are happy to partner with a corporation that has an in-depth knowledge of the global payment environment to complement our existing payment offerings to our member banks.”

“The initial implementation will be as a standard BancNet terminal provider but we look forward to progressing our relationship to include mobile payments via Hybrid Paytech’s mobile ecosystem that targets Smart Phones, Tablets, PDA’s and other mobile devices supporting Android, Windows Mobile, BB, and Apple iOS operating systems,”said Gary Repchuk, president of Hybrid Paytech.

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