Canadians Losing Billions Due to Lack of Mobile Payment Solutions

Regina, Saskatchewan – 2012 is predicted to be another huge year in mobile payments, and Canada is at risk of being left behind. That’s why NetSecure Technologies, leading developer of secure online and mobile sales technology, launched the Kudos mobile credit card reader designed for Canadians to take payments with their smartphone or connected tablet. Mobile sales are the future, and Kudos is bringing Canada up to speed. Recent research revealed that in 2011 alone, 141 million consumers spent more than $85 billion using mobile payments. This emerging global trend is estimated to reach $670 billion by 2015. The Canadian market, however, has lacked a product that allows them to capitalize on the enormous financial opportunities this technology provides. Today, Kudos delivers a simple, transparent mobile credit card solution any Canadian can use.

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“From taxi drivers and electricians to craft merchants and caterers, Canada is full of people looking to take payments on the go,” said Dan McCann, President of NetSecure. “Small businesses that were once unable to provide a credit card option now have a quick and affordable way to meet customer needs. This has the potential to accelerate economic growth and significantly impact thousands of microbusinesses in Canada.” Banks have traditionally been the primary source for merchant accounts, but the process is notoriously expensive and complicated. By offering simple flat-rate pricing with excellent person-to-person customer support, Kudos has broken through the barrier preventing micro businesses from getting a merchant account. By simply plugging a Kudos card reader into their smartphone or tablet, Canadian merchants have a complete point-of-sale solution that meets compliance standards. The Kudos device works with any smartphone or tablet (Apple, Android, and Blackberry) and offers the most advanced security measures on the market to keep financial information safe.

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Kudos is a simple tool for anyone with a smartphone or tablet. The kit comes with the swipe reader and a free Kudos app download. Once the customer completes their 15 minute online application, it is only a day or two before they can start accepting credit cards from anywhere. Kudos also makes taking credit more affordable than traditional card terminals, offering no monthly costs or ongoing fees, and a low flat rate of 2.9 percent plus 20 cents per transaction. Plus, merchants know in real time if a payment was received and receipts can be emailed or texted to customers. Kudos is available online at www.KudosPayments.ca for $99.99. Terminals are also available in the United States at Office Depot. For additional information about NetSecure Technologies, visit www.netsecuretechnologies.com.

About NetSecure Payments Inc.

Founded in 2005, NetSecure Payments Inc. is an industry leader in the development of technology and electronics that take the pain out of online and mobile payments. The company’s products, SmartSwipe and Kudos, are integrated with NetSecure’s security patents and designed to provide iron-clad protection of sensitive information with exceptional ease of use. For additional information about NetSecure Payments, visit www.netsecuretechnologies.com.

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