ID Global Solutions Corporation (OTCBB:IDGS)
Announces Entry into Latin American Payment Gateway Services and Closing of
Private Placement
ORLANDO,
Fla. - July 30, 2015 (Investorideas.com Newswire) - ID Global Solutions
Corporation (OTCBB:IDGS)
("ID Global"), a company focused on the global payment solutions
market, announces that it has acquired MultiPay SAS, which is headquartered in
Bogota, Colombia (http://www.multipay.com.co/). Multipay offers a multifunctional
payment gateway services to merchants, enterprise businesses and banking
institutions in Colombia and Peru.
MultiPay
is an IT service provider, that supplies end-to-end transaction processing
technology including, transactional routing, payment gateways, electronic
devices management, stored value card programs, mobile financial solutions and
value added services to payment and services networks.
Mr.
Thomas Szoke, Chief Executive Officer of ID Global Solutions Corporation
commented "We are excited to move ahead with the acquisition of MultiPay
SAS in Bogota, Colombia and expand our payment technology portfolio. Our entry
into this new business vertical – multifunctional payment processing – gives us
a significant foothold in the secured processing payment industry."
ID
Global recently completed a private placement of approximately $900,000, which
will be utilized to expand its operations in the secured payment processing and
biometrics industry.
Terms
of the acquisition and funding are available at ID Global's SEC filings.
About ID Global Solutions
Corporation
ID
Global is an international biometrics and payment processing company with a
unique technology platform that provides valuable, secure payment processing
for consumers as well as for merchants.
ID Global's
divisions are:
ID Global Solutions
MultiPay
ID
Global's advanced Person Present Payment solution mitigates consumer risks
associated with credit card in-store and on-line payment transactions. ID
Global is focused on the growing need for financial fraud protection solutions.
ID Global provides a multi-functional payment transaction solution with
Tranxa®, a highly sophisticated biometric identity management system with its
IDSearch, and a second and third factor authentication technology as well as
its mobile wallet application SRIO®, to merchants, financial institutions, and
consumers worldwide. ID Global is headquartered in Longwood, Florida, with
engineering and manufacturing facilities in Europe, South America, and the US.
Our Multipay division has operations in Colombia and Peru.
Forward Looking
Statements
This
news release may contain forward-looking statements that are based on ID
Global's expectations, estimates and projections regarding its business and the
economic environment in which it operates. These statements are not guarantees
of future performance and involve risks and uncertainties that are difficult to
control or predict. Therefore, actual outcomes and results may differ
materially from those expressed in these forward-looking statements and readers
should not place undue reliance on such statements. Statements speak only as of
the date on which they are made, and ID Global undertakes no obligation to
update them publicly to reflect new information or the occurrence of future
events or circumstances, unless otherwise required to do so by law.
Thomas
Szoke, Chief Executive Officer
E-Mail: ThomasSzoke@IDGlobal.com
Corporate Phone Number: +1-(407)951-8640
E-Mail: ThomasSzoke@IDGlobal.com
Corporate Phone Number: +1-(407)951-8640
Published at Investorideas.com
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