Syrinx, Cardis Ink Deal To Make Low-Value e-Payments Profitable for Fuel and C-stores
Another Move Forward for Syrinx and Cardis, Leaders in C-Store Payments
Syrinx and Cardis International have forged a partnership to drive value in the C-Store space with a card aggregation solution and mobile commerce software service that integrates with existing payment gateways, mobile platforms, loyalty programs and POS systems.
Cardis's patented aggregation technology together with Syrinx's software strategy and development services enables multiple credit and debit transactions to be aggregated into one larger transaction thus significantly reducing associated interchange and acquiring fees.
Jonathan E. Nierenberg, Chief Marketing Officer of Cardis International, noted, "Cardis helps bring fuel and convenience store purchases to the 21st century with our transaction aggregation technology. We are delighted to introduce our new payment technology with Syrinx. It raises the bar and sets a new standard for the industry by bringing a frictionless mobile experience to this most frequently used of retail transactions while reducing overall costs of processing. Furthermore, we anticipate applying Cardis technology to other low value payment related transactions in the QSR, gaming, content download, vending and e-commerce markets."
Luke Howarth, President of Syrinx, commented, "Transaction costs on low value electronic payments are disproportionately high relative to the low purchase amounts within the convenience stores. The Cardis Solution not only offers more convenience to drivers, but stands to save, in aggregate, millions of dollars a year in merchant fees to convenience store owners."
"The high cost of small ticket transactions have plagued the industry for a long time, and often is the reason why some convenience stores have a threshold to meet for the usage of credit cards," stated Phil Paisnel, ex-MasterCard VP of Omni-channel Merchants and industry retail veteran.
Features & Benefits of the Cardis-Syrinx Partner Solution
- Pay less for processing
- Reduce fees paid for Low Value Payments (LVP)
- Deliver robust data you can use to drive targeted offers and increase customer loyalty and offer new incremental transaction data and insights into customers' buying habits
- Drive enhanced product offerings & customer engagement
Syrinx is a software development and consulting firm that brings a deep understanding of Microsoft technologies including .NET and SharePoint 2007 to organizations that are dependent on technology for competitive advantage. As a Microsoft Gold Certified Partner, the company has developed solutions within the financial services, Internet, call center, real estate, publishing, health care, and biosciences industries. Founded in 1998, Syrinx is based in Waltham, Mass. and has been recognized on the Boston Business Journal's List of "Areas Largest IT Consulting Firms" and the "Inc. 500" list for 2007. For more information, visit www.syrinx.com or call (888) 5-SYRINX.
About Cardis International:
Cardis Enterprises International BV provides unique solutions for processing of low value payments with game changing cost efficiency. It aligns the interests of banks, payments schemes and retailers in driving the global move to cashless payments by lowering the cost of electronic transactions. Please visit www.cardis-international.com.
Jonathan E. Nierenberg
Chief Marketing Officer
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