| Press Releases
Wireless Payment Innovator Commerciant® Partners with Wavecom
Commerciant's exciting new wireless, handheld payment-processing solutions to feature Wavecom modules
HOUSTON, Texas and Issy-les-Moulineaux, France- September 29, 2005 -Commerciant, payment systems specialists, and Wavecom (Nasdaq: WVCM), a leader in pre-packaged wireless communications solutions, today announced that Commerciant's newest line of innovative wireless payment terminals will feature state-of-the-art modules supplied by Wavecom. Ideal for a variety of vertical markets such as restaurants, airlines and mobile workers, Mobilescape is lightweight, rugged and exceptionally easy to use for the instantaneous processing of electronic payments such as credit and debit cards from almost anywhere in the United States. While the units can be customized to run a broad range of applications, they can also be instantly deployed right out of the box. In addition to processing payments, Mobilescape can process tips and capture signatures on the terminal's touch screen, and immediately provide a printed receipt of the transaction. Transactions are transmitted in real-time across Sprint's CDMA cellular network, and reports are immediately available to merchants through the secure MobileScape Manager website.
"Commerciant's raison d'être is to create compelling value for the mobile merchant through the innovative use of technology," said Manish Desai, Commerciant's founder and Chief Technology Officer. "We feel that partnering with Wavecom aligns Commerciant with a like-minded organization, one that has demonstrated a track record of commitment to innovation in the wireless industry."
Pierre Piver, President of Wavecom, Inc. added, "The wireless payment industry is poised for significant growth in the U.S. and needs a complete solution like Commerciant's. Merchants everywhere can appreciate the value that Commerciant consistently delivers through its low cost, innovative and easy-to-use platform, and we're delighted that they have chosen to work with Wavecom. The technological open platform and unique features supported by Wavecom, both for CDMA and GSM/GPRS are offering Commerciant the appropriate solution for further developments."
About Wavecom
Wavecom is a leading worldwide leader in pre-packaged wireless communication solutions for automotive, industrial and mobile professional applications. Wavecom's solutions include all the software and hardware elements that are necessary to develop truly innovative wireless devices, as well as the development tools and services needed to bring them to market quickly and easily. Founded in 1993 and headquartered near Paris in Issy-les-Moulineaux, Wavecom has subsidiaries in Hong Kong (PRC), San Diego (USA), and Darmstadt (Germany). Wavecom is publicly traded on Euronext Paris (Eurolist) in France and on the NASDAQ (WVCM) in the U.S. www.wavecom.com
About Commerciant®, LP
Commerciant, LP is the leader in wireless, handheld payment processing technology. The company's Mobilescape® solution enables its customers in industries such as residential services, restaurants, airlines and delivery services to accept credit card and check payments everywhere, delivering increased revenues and operational efficiency while reducing risk. Designed and manufactured in the U.S., Mobilescape provides Commerciant's customers with a complete wireless credit card and check payment processing solution that includes hardware, software, integration services, wireless service, transaction processing, support and maintenance.
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