Parcxmart payment system to expand to payments for unattended devices

QI Systems to integrate Parcxmart smart card payment system beyond parking payment terminals to unattended devices like kiosks and vending machines.
Parcxmart Technologies, Inc ., an electronic payment firm specializing in small-dollar transactions, today announced that QI Systems Inc. (OTCBB:QIIIF) , a developer and integrator of microchip-based card payment and tracking solutions, will expand its integration of support for the Parcxmart smart card payment program . Already integrated in the QI Hybrid line of card payment terminals designed for use in the parking industry, the Parcxmart card scheme will also be accepted in unattended devices supported by QI such as kiosks, vending machines, laundry washers and dryers.

“The Parcxmart payment system works because it is designed to incorporate a variety of small dollar transactions, from on and off street parking, to merchant sales in stores and restaurants,” said John Regan, Parcxmart Technologies President and CEO. “The more uses there are for the card, the more useful a payment tool it becomes for the consumer. QI Systems' ability to integrate the Parcxmart Card with additional devices that rely on small dollars transactions improves the viability and convenience of the Parcxmart payment system. Instead of relying on cash, a consumer can now use his or her Parcxmart Card to pay for parking, buy coffee at the local café, pick up a newspaper from the outdoor kiosk, buy a drink from the nearby vending machine, and purchase a magazine at the local bookstore. The cities win by co-branding the cards locally thereby establishing affinity with their local merchant base . They also win by streamlining their transportation and parking operations. The merchants win with efficient transaction processing rates, increased store traffic, and Parcxmart commissions. With the addition of unattended devices to the program, more people will have more incentive to use their Parcxmart Cards, thereby increasing revenues all around.”
qi_systemslogo.jpgRichard Murray, P.Eng., Senior V.P and G.M. of QI Systems, Inc. added, “We are very pleased about the developing relationship with Parcxmart. They are pursuing the vision of open purse stored value technology as the general means of payment for small transactions. They are doing today what we thought the banking community would do years ago. We believe that their business model, using parking as their first application, is the perfect fit and will achieve rapid success because stored value offers clear and present economic advantages over other means of payment for parking and other local small dollar transactions.”

QI Systems completed integration of support for the Parcxmart smart card payment program in the QI Hybrid line of card payment terminals on November 2, 2005. The QI Hybrid is the payment terminal series designed for use in the parking industry. Integration of the Parcxmart card scheme with the QI Hybrid terminals means the Parcxmart cards can now be accepted in Cale multi space meters and other devices.

About Parcxmart Technologies, Inc

banimage6.jpgParcxmart Technologies Inc . has developed a proprietary, stored-value electronic purse , contained on a chip-based smart card that also securely manages loyalty points for customer rewards programs. The Parcxmart card can be used for parking and for a wide array of other small-payment applications and is now in use in San Jose, CA and New Haven, CT . For more information visit www.parcxmart.com .

About QI Systems Inc.

qi_smartcard_1.jpgQI Systems Inc . designs, develops and markets chip-based card payment and tracking solutions to a number of industries. Products and core competencies include smart-card and stored-value systems, security protocols, data communication software design and hardware manufacture.
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