Zebra Technologies Corporation (NASDAQ: ZBRA), a recognized global leader in technologies that extend real-time visibility into business operations, today announced a joint partnership with Hybrid Paytech (Freeport Capital Inc: FAS: CNSX), one of the world's first companies to enable PIN/debit transactions over consumer smart phones and tablets, to provide mobile credit and debit payment and printing solutions to their global customers. The companies will offer a joint solution combining Zebra’s MZ™ mobile receipt printers with Hybrid’s payment platforms to fulfill the increasing demand for mobile payment acceptance in fleet, delivery, logistics and retail industries.
"Zebra is pleased to partner with Hybrid Paytech to address a growing demand for fast, reliable, on-the-go payment and printing technologies," said Keith LeFebvre, VP of product management, Zebra Technologies. "Customers all over the world can benefit from our combined mobile payment and receipt printing solutions. These offerings help increase mobile workforce productivity, reduce operating costs, enhance the customer experience and drive customer loyalty—from in-store mobile payment acceptance to acceptance of credit or debit payment on delivery for courier services to onboard transportation ticketing."
Hybrid Paytech is one of the first mobile payment companies to develop Payment Card Industry (PCI) compliant debit and credit applications across the mobile market’s four major consumer-based operating systems. According to research released by VDC in 2011, the mobile worker population exceeded one billion in 2010.1 With an increasingly mobile and distributed workforce, this population will grow by over 10 percent during the next three years.2 Mobility—and the technology that drives it, including mobile printers—is critical for improving business agility and responsiveness.
''The high demand for mobile payment technology is creating opportunities for the entire partner ecosystem. The relationship between Zebra Technologies and Hybrid Paytech is an excellent example of a complementary relationship,'' states Kevin Conabree, head of global partnerships, Hybrid Paytech. ''We are leading the way with Zebra to expand accessibility to mobile payment technologies in global markets.”
Initial rollout of the joint solution is scheduled for April in the Canadian market. It will be available in the US market by the end of Q2 2012.
About Zebra Technologies
A global leader respected for innovation and reliability, Zebra Technologies Corporation (NASDAQ: ZBRA) provides enabling technologies that allow customers to take smarter actions. Our extensive portfolio of bar code, receipt, card, kiosk and RFID printers and supplies, as well as real-time location solutions give a digital voice to assets, people and transactions that provides greater visibility into mission-critical information. For more information about Zebra’s solutions, visit http://www.zebra.com.
About Hybrid Paytech
Part of First Equity Strategy LLC, a division of Freeport Capital Inc. (FAS: CNSX) and based in Montreal, Canada, Hybrid Paytech is a technology leader in the mobile payment space for credit and debit acceptance. With a global footprint, Hybrid is an enabler of easily-deployable payment systems focusing on authentication, approved security and quick merchant adoption in fleet, delivery, logistics and retail. With its current banking and fund-transferring partnerships, Hybrid Paytech has market access to over 3 million merchants worldwide. For more information on Hybrid Paytech, please visit hybridpaytech.com.
1. VDC Research, “Mobile Worker Trends: Fears of Managing an Increasing Mobile Workforce”, February 2011