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Heartland Payment Systems to Bolster Its Strategic Equity Partnership with Parcxmart Technologies |
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Heartland Payment Systems, has signed a letter of intent to increase its strategic investment in Parcxmart Technologies, an electronics payments company.
The two companies will also develop an exclusive marketing agreement whereby Heartland's national sales network will have exclusive rights to sell Parcxmart's payment system to merchants and municipalities nationally. The Parcxmart Card and patent-pending payment solution is America's first fully functional parking and local merchant smart card payment system. The platform uses smart card technology that offers a convenient one-card alternative to coins and cash for small dollar transactions. The Parcxmart Card can be used at on-street and off-street parking locations as well as for retail purchases at participating merchants. Capitalizing on Heartland's national sales force of 1500, the two companies plan to market to local and regional merchants and municipalities nationwide. Currently, Parcxmart's smart card payment system is fully operable in Bridgeport, CT, New Haven, CT and Truckee, CA. |
