SOURCE: Alternet Systems, Inc.

Alternet Systems, Inc.

August 31, 2015 09:53 ET

Alternet Payment Solutions Offers Disruptive Omni-Channel Payment Processing Technology in the U.S.

Potential Market Reach to Include Over 20 Million Merchants in the U.S.

MIAMI, FL--(Marketwired - Aug 31, 2015) - Alternet Systems, Inc. (OTCQB: ALYI) (the "Company"), an investor in innovative ways to manage digital commerce, information and payments, today announced that wholly owned subsidiary, Alternet Payment Solutions, has signed a strategic partnership with MUXI (a subsidiary of APPI Group) to provide U.S. payment processors and independent sales organizations the most supported and flexible multi-channel Point-of-Sale (POS) payment processing solution.

MUXI's technology empowers its customers by providing them with a POS administration platform granting total control of their assets and network, independently from POS manufacturers. The platform also allows remote and optimized application updates across all POS platforms. Applications within the platform expand the functionality of the POS infrastructure across tablets and smartphones. Flexibility to include mobile POS terminals is in high demand from the small and medium sized businesses due to their affordability as compared to fixed POS terminals.

Henryk Dabrowski, CEO of Alternet Systems, Inc., stated, "The partnership with MUXI allows us to introduce an innovative, brand agnostic POS terminal, and disruptive payment technology offering to the U.S. We envision MUXI's products fitting an underserved market, consisting of the largest outdated legacy POS infrastructure in the world. We estimate this market to include over 20 million merchants in the U.S. This existing platform has limited functionality to manage mobile applications and innovative payment mechanisms. MUXI provides timely and cost effective solutions, across all devices, to facilitate multichannel capability to any merchant."

Ravin Mehta, Senior Vice President Sales of MUXI, commented, "MUXI is the Brazilian leader in multichannel technology solutions for the electronic POS industry. Our products are mature and very robust, certified to support over 100 devices/models from the largest POS and mobile manufacturers in the world. MUXI Method of Payment solutions are applicable to acquirers, payment facilitators, issuers, value-adding service companies, banking correspondents and private labels. Our partnership with Alternet Payment Solutions expands our sales and support presence in the U.S. Their experience and understanding of the payments market makes Alternet Payment Solutions a unique and powerful partner in our global expansion."

The global POS market was valued at $36.86 billion in 2013, and it is estimated to grow at a Compounded Annual Growth Rate (CAGR) of 11.6% from 2014 to 2020. The U.S. represents 32% of the global market. Retail and the hospitality sector emerged as the most significant growth drivers for POS terminals market. In 2013, North America was the largest market for POS terminals accounting for approximately 32% of total revenue. Adoption of wireless and mobile POS has increased significantly in recent years due to ease of use, mobility and lower total cost of ownership as compared to traditional POS terminals. Growing demand from mobile POS terminals and increased emphasis on advanced analytics features are significant factors for the growing demand for software in POS terminals market.

About Alternet Systems, Inc.
Alternet Systems, Inc. invests in innovative ways to manage digital commerce, information and payments. With the world becoming increasingly dependent on technological conveniences and advances, Alternet is investing in verticals within the digital commerce space, transforming the legacy electronic payments infrastructure and developing advanced predictive data analytics applications for the mass consumer as well as the telecommunications and financial industries. With strategic investments in these three key, high-growth markets, Alternet is accelerating the future of money and its role in the global demand for these services. The company is guided by a team of executives specializing in entrepreneurial endeavors, innovation, corporate strategy, financial and executive management of multi-national organizations, and a vast network of industry resources.

Follow Alternet Systems:

About MUXI (Subsidiary of APPI Group):
MUXI is a provider of a patented hardware agnostic front end transactional platform (POSWEB®) that attends to the major international security standards, providing unique and intelligent solutions to different industry segments, such as Acquires, Healthcare, Distribution, Loyalty, and Prepaid, amongst others. The patented technology, together with the POSWEB® suite of products and services such as Data Switching, Processing, Authorization, Settlement and Point of Sales Remote Management System, leverages the exact same business application developed on a stand-alone terminal to run on a PC, Integrated POS, Android / iOS phone or Tablet. This ensures seamless transition and integration of the various cross channels, thereby enhancing and maintaining the consumer experience by integrating mobile wallets and payment method with loyalty programs and coupons linked to the numerous social media channels reaching all types of consumers.

Safe Harbor Statement
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Contact Information

  • Investor Contact:
    Alternet Systems, Inc.
    PH: (888) 823-8494
    Email Contact