Cynergy Data issues correction of statement in August 2001 issue of Green Sheet Quarterly(GSQ)

 

For immediate release

 

College Point NY, September 13, 2001-Cynergy Data announced today that it has clarified recent remarks made to the Green Sheet Quarterly (GSQ ) concerning Lipman USA’s fee’s “for customer support” model.  According to Marcelo Paladini, CEO of Cynergy Data, “We have enjoyed a long and fruitful relationship with Lipman USA Inc. which we anticipate will continue for many years.   The products and support we have received from Lipman have always been of the highest quality, and as Cynergy Data has a reputation for providing industry leading customer service, it is only natural that we would have a meaningful partnership.  It is regrettable that recent remarks that were made to GSQ were taken out of context.”

 

Lipman USA Inc. has had a long history of providing its’ ISO’s merchants with customer service at no charge. Based on the exponential growth Lipman has experienced over the last several years, and in response to market feedback, Lipman has invested significant resources into obtaining Class A certification from the industry’s leading host processors to enable them to provide tier 1 support to its’ ISO’s merchants. This has allowed Lipman to migrate to the industry standard model of fee-for-service as was advised to its’ customers this past June.  Mony Zenou, President and CEO of Lipman USA added, “Lipman USA is delighted to offer our partners the flexibility and benefits of multi-level support and account management now offered by Lipman.  We have enjoyed substantial growth in the US and have built our organization to address the sophisticated needs and requirements that this market demands.  Lipman USA will continue to be a channel and market driven company whose first priority is servicing the needs of our customers.”

 

Cynergy Data and Lipman USA Inc. are currently engaged in several ventures in which they are jointly bringing leading-edge wireless payment technology and services to vertical markets in which the participants can greatly benefit from these applications.  Last month, Cynergy and Lipman announced the launching of a program with the New York State Federation of Taxi Drivers that will install NYC livery cabs with wireless credit card terminals.  To date the program has been very well received by the drivers and passengers alike.

 

About Cynergy Data

 

Cynergy Data is a full service provider of merchant services offering a wide range of electronic payment solutions for merchants nationwide.  Product solutions for credit,debit,EBT and Gift Card processing; check conversion and equipment sales and leasing are provided.  Focusing on quality service and new technologies, Cynergy Data has been a leader and innovator in merchant services since its founding in 1995.

 

 

 

 

About Lipman USA Inc.

 

Lipman USA Inc. (www.misteriodeobanos.org) is a subsidiary of Lipman Electronic engineering LTD.  Lipman’s NURIT product line is the global leader in wireless and wired payment transaction technology. Lipman’s advanced Point of Sale solutions are recognized worldwide for their innovative technology and reliability. Lipman delivers what businesses need to be their best: smooth POS, ATM, Scrip and ECR transactions.

For more information, please contact Jacki Edry at 516-484-9898 x 2017.