FORT LAUDERDALE, FL — (Marketwire) — 10/24/11 — David Rappa, RedFin Network, Inc. (OTCQB: RFNN) () Exec. Sr. Vice President of Sales and Business Development, announced today that the company has emerged from the recent end-of-life announcement by Hypercom® of their Secure Payments Savannah Software Product line in a stronger and more robust position.
“RedFin Network has successfully executed and completed each and every objective set forth, both internally and externally, to transition to a new transaction processing environment. The transition triggered a new PCI compliance assessment which was completed and officially documented within the Visa organization on October 13, 2011,” Rappa stated.
RedFin Network-s new processing environment has significantly increased its already extensive list of processing integrations and solutions, while adhering to the strict rules set forth by the PCI Security Council.
RedFin Network operates a Level I PCI (Processor Card Industry) compliant gateway known throughout the industry as The RedFin Gateway. RedFin Network provides 24/7 Class A support, distribution, wireless activation, billing, fulfillment and exclusive distribution of HioPOS Plus () and Blue Bamboo () products and services throughout the Americas.
RedFin Network specializes in Wired/Wireless POS systems and Internet Payment Processing. RedFin Network provides its partners low cost, turn-key, market-ready POS solutions for Mobile Merchant, Hospitality, Wireless, Retail, Transportation and Enterprise solutions to support various transaction strategies throughout the Americas.
This press release contains “forward-looking statements.” Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words “estimate,” “project,” “intent,” “forecast,” “anticipate,” “plan,” “planning,” “expect,” “believe,” “will likely,” “should,” “could,” “would,” “may,” or words or expressions of similar meaning. Such statements are not guarantees of future performance and could cause the actual results of RedFin Network, Inc. to differ materially from the results expressed or implied by such statements. RedFin Network, Inc. cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the company-s ability to operate profitably, raise additional capital as needed, satisfy our obligations as they become due and effectively complete in our market. Additional information regarding risks can be found in RedFin Network, Inc.-s Annual Report on Form 10-K and its other filings with the SEC. Accordingly, although RedFin Network, Inc. believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. RedFin Network, Inc. has no obligation to update the forward-looking information contained in this press release.
For further information contact:
David Rappa
Exec. Sr. VP Sales and Business Development
954.769.1335 Ext. 301
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