IFAN Financial Begins Beta Testing With Nation’s Largest Debit Card Acquiring Processor
MARCH 18, 2015
iPIN Technologies Beta Testing Represents the Final Phase of Evaluation Prior to Official Product Launch
SAN DIEGO, CA–(Marketwired – Mar 18, 2015) – IFAN Financial, Inc. (OTC: IFAN), an innovator of mobile payment solutions and technologies, announces that its iPIN Technologies subsidiary has commenced initial beta testing of its card payment platform through Vantiv’s industry leading payment processing system.
Vantiv® is one of the most trusted and respected organizations in the payment processing industry, as well as the nation’s largest PIN debit acquiring processor. Leveraging 40 years of experience in delivering tailored payment solutions, Vantiv has established a test-bed environment through which iPIN Technologies will conduct testing of live, real-world transactions through the Vantiv system.
IFAN is using Vantiv Test Debit Cards to test and track card present, PIN transactions. The results will provide final and valuable confirmation of the performance and capabilities of the company’s technology.
“This is the final step of testing before we go live with the prepaid portion of our iPIN Technologies platform, an achievement that represents a significant milestone in the development of IFAN’s business,” says J. Christopher Mizer, President and CEO of IFAN Financial. “Working with Vantiv, one of the leaders in our industry, gives us confidence that the iPIN Technologies solution will be positioned as the state-of-the-art gateway in the mobile payments space.”
About IFAN Financial, Inc.
IFAN Financial, Inc. and its wholly owned subsidiaries design, develop, and distribute software to enable mobile payments. These include the ability to use a debit card and corresponding PIN number while purchasing online on a mobile phone, tablet, or computer and peer-to-peer cash transfers. For more information, visit www.ifanfinancial.com.
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of IFAN Financial, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond IFAN Financial, Inc.’s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in IFAN Financial, Inc.’s filings with the Securities and Exchange Commission.
Chief Financial Officer
IFAN Financial, Inc.
5694 Mission Center Road
San Diego, CA 92108-4312
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