Company's Technology to Enhance Passenger Travel Experience and Help Strengthen Onboard Retailing Initiatives
TORONTO, ONTARIO--(Marketwire - June 11, 2012) - GuestLogix Inc. (TSX: GXI), the leading global provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, announced today the deployment of its Global Payment Services technology to support a large European airline's onboard retailing programs. The airline, an existing customer, will be using the GuestLogix' Global Payment Services, in conjunction with the Company's onboard retail technology platform, to process credit card transactions onboard. This large European airline has been using GuestLogix' onboard retailing technology and point-of-sale (POS) handheld devices since 2008.
"We are committed to continuing to enhance the services we provide by introducing new technology offerings that help our customers further strengthen their in-flight retailing programs," said Tom Douramakos, President and CEO of GuestLogix. "This new agreement speaks to the value our technology brings to our customers and the integral role we play in facilitating successful buy onboard programs."
Global Payment Services is the Company's next-generation onboard retailing payment processing technology. It is available as a value add-on service to the Company's core onboard retail technology platform. GuestLogix' Global Payments Services enhances its customers' existing onboard retail programs by enabling airlines and travel operators to transact onboard, or at any travel touch point with the highest level of security, while adhering to evolving global payment certification requirements. The service is unique in that it is compatible with multiple hardware platforms including seat-back screens and other inflight entertainment systems, kiosks, mobile devices such as smart phones and tablets, and Point-of-Sale (POS) handheld devices.
For its Global Payment Services offering, GuestLogix works with a global portfolio of payment authorities to bring its customers location-specific blacklists that can be uploaded to any POS device to deny acceptance of a card that is suspected of fraudulent use. The Company has also gone a step further to ensure customer safety by developing its GuestLogix' Hot List, a proprietary list of frequent card declines seen across its global customer network, preventing purchase attempts that are deemed a security risk.
"The GuestLogix Europe team is excited to be expanding our relationship with this major airline," said Richard Cushing, Senior Vice President and General Manager for GuestLogix Europe. "Having a local presence, through our GuestLogix Europe office, allows us to be highly responsive to our clients, ensure ongoing timely customer service and support, and positions us to drive continued growth in the region."
About GuestLogix
GuestLogix Inc. (TSX: GXI), the leading global provider of onboard store technology and merchandising solutions, helps airlines and other travel operators create, manage, and control onboard retail environments tailored to their needs and their passengers. GuestLogix brings a decade of expertise as a trusted onboard transaction processing partner to airlines around the world. The Company's global headquarters and centre for product innovation is located in Toronto, Canada with regional head offices located in Dallas, Texas (serving Americas) London, UK (serving EMEA), and Hong Kong (serving Asia Pacific). A sales and support office is located in Singapore. Logistics centres are situated in Toronto, Dallas, London and Seoul with a software development centre located in India. More information is available at www.guestlogix.com.
© 2012 GuestLogix. All rights reserved.
Forward-Looking Statements
This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with GuestLogix' business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect GuestLogix' current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks and Uncertainties" in the Filing Statement filed on May 14, 2012 with the regulatory authorities. GuestLogix assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
Contact Information
Contacts:
Media Relations:
GuestLogix
Ruth Morayniss
416-987-7057
Investor Relations:
TMX Equicom
Kristen Dickson
416-815-0700 ext. 273
© 2012 Marketwire, Incorporated. All rights reserved.
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