ghl systems deploys vr-300 readers as the contactless reader solution to the shanghai world expo
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GHL Systems’ VR-300 contactless reader was chosen to service contactless payments within the Shanghai Expo. The Bank of Communications (BOCOM) decision to employ the VR-300 contactless reader was driven by its ready compliance with MasterCard’s PayPass and Visa payWave’s contactless standards – thus ensuring hassle-free contactless schemes.The award-winning VersaRead VR -300 which accepts payments through all recognized standards as well as incorporates the latest Contactless (RF) Technology was believed to be ideal for a purpose as such.TRANSCRIPT
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PRESS RELEASE
GHL Systems deploys VR-300 readers as the contactless reader solution to the Shanghai World Expo
GHL Systems deploys over two thousand contactless readers to the Shanghai World Expo as the only contactless solution.
BEIJING, 6 DECEMBER 2010 - The World Expo is a large-scale and global event which takes place annually, this year in Shanghai, China. From May 1 to October 31 2010, Shanghai will host the World Expo over the largest World’s Fair site ever at 5.28 square kilometers. An exposition of this enormity equals a substantial amount of visitors which calls for a speedy payment mode in order to maximize efficiency. The Bank of Communications (BOCOM) is the official global commercial banking cooperative partner for the Shanghai Expo 2010. By signing an official cooperative agreement with the Bureau of Shanghai World Expo Coordination, BOCOM is to provide top-notch financial services to the Shanghai Expo 2010. GHL Systems’ VR-300 contactless reader was chosen to service contactless payments within the Shanghai Expo. BOCOM’s decision to employ the VR-300 contactless reader was driven by
its ready compliance with MasterCard’s PayPass and Visa payWave’s contactless standards – thus ensuring hassle-free contactless schemes. With the participation rate up to more than 190 countries and more than 50
international organizations [1], a staggering number of visitors are to be expected daily. As such completely integrated and controlled payment solution is crucial in order to moderate the extensive volume of transactions. The award-winning VersaRead VR -300 which accepts payments through all recognized standards as well as incorporates the latest Contactless (RF) Technology was believed to be ideal for a purpose as such. Reference(s): [1] Xinhua, 2010. Chinese FM says World Expo a diplomacy priority. (News publication) [internet] Beijing : China Daily. Available at: http://www.chinadaily.com.cn/china/2010npc/2010-03/07/content_9550472.htm [Accessed 29th July 2010]
For more information, please contact:
Jason Phua Vice-President, Product Marketing & Strategic Alliances HP: +6012-398 6805 DID: +603-8998 3301
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Email: [email protected] About GHL Systems GHL Systems Berhad (“GHL Systems”), listed on the Main Board of Bursa Malaysia (Kuala Lumpur Stock Exchange), is the Asia/Pacific region’s leading end-to-end payment services enabler that deploys world-class payment infrastructure, services and technology. GHL Systems’ complete portfolio of payment solutions include transaction routers and concentrators, terminal line encryption technologies, loyalty and online payment solutions, smartcard technologies, secure EDC networks and terminals to consulting services. By providing a broad range of services across the payment solutions spectrum, GHL Systems today deploys its products and services to multiple clients spread across various vertical segments in various countries all over the globe – not limited to banking and financial services institutions, telecommunications, transportation, retail and oil and gas. For more information on GHL Systems, visit www.ghl.com.
About Bank of Communications Founded in 1908, Bank of Communications (BOCOM) is one of four oldest banks in China and one of the early note-issuing banks of China. In 1958, while the Hong Kong Branch continued to operate, the mainland business of BCOM was merged with People’s Bank of China and the People’s Construction Bank of China on BOCOM’s foundation. To operate in line with economic reforms and development, BOCOM was restricted on July 24, 1986 with approval from the State Council and began operation anew on April 1, 1987, thus becoming China’s first state-owned shareholding commercial bank. For more information on BOCOM, visit http://www.bankcomm.com About Shanghai World Expo With a long civilization, China favours international exchange and loves world peace. China wowed its successful bid for the World Exposition in 2010 to the international community’s support for and confidence in its reform and opening0up. The Exposition will be the first registered World Exposition in a developing country, which gives expression to the expectations the world’s people place on China’s future development. For more information on BOCOM, visit http://en.expo2010.cn/