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eSecure Peripherals Inc.
PayPal™ Payment Module for eSecure Cashless Vending
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PayPal™ Payment Module (P3M) for networked cashless payment terminals.
Montreal, Canada,eSecure Peripherals Inc., a Montreal-based cashless payment provider today announced the development of the PayPal™ Payment Module (P3M) for networked cashless payment terminals. Vending patrons can reload their house account using either PayPal or PayPal mobile.
To recharge their account, a patron text messages PayPal with a request to add funds to their account. Within minutes the funds are transferred to their account, ready to use. With PayPal Mobile, a user can add funds to their account using a cell phone while standing in front of the vending machine.
“eSecure has always been at the forefront of cashless payment” says Allan Brown, President of eSecure Peripherals. “We have been looking at alternatives to cash for a number of years; PayPal Mobile is the first mobile payment system that is accessible to both the vending operator and the user.”
“The combination of PayPal and text messaging puts the cashless vending experience directly in front of the users who are most likely to use cashless payment for their meals.”
Operators using eSecure on line products such as eServerFMS and SnapPay can install P3M as an alternative to cash. They set up a merchant account with PayPal and add the patrons’ Paypal information. Instructions on the vending machine or eCash station direct the patron through the process.
About eSecure Peripherals:
eSecure Peripherals Inc is a world wide provider of cashless payment systems for vending and food service. eSecure makes a broad range of solutions ranging from low cost stored value up to nationwide account payment. eSecure hardware is installed in locations with as little as one machine up to fleets of three hundred or more vending machines.
All names are trademarks or registered trade marks of their respective owners.
PayPal is a registered trade mark of PayPal, an eBay company.
Statement under the Private Securities Litigation Reform Act:
With the exception of any historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, which could cause actual results or revenues to differ materially from those contemplated by these statements.
April 13, 2006
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