PayStar Corporation, the nation’s leader in providing content based Internet kiosks, cashless ATM devices, prepaid telecom services and wireless banking services and iCatcher Network, Inc. of Baltimore, Maryland, a kiosk software solutions provider for the retail sector, have agreed to work together in developing certain modular applications to PayStar’s “Gold Sprocket(TM)” Internet kiosk software, which is already regarded as one of the most robust solutions in the pay-per-use space. This announcement comes at the heels of PayStar’s decision to purchase iCatcher’s nearly 200 Internet kiosks, adding approximately $2,000,000 in annual revenue for PayStar.
“We are excited about the possibility of adding revenue generating applications for PayStar’s Consumer Services division, the largest network of Internet kiosks in the world,” announced Pat Kelly, Co-Founder and Director of iCatcher Network, Inc. “This relationship will prove iCatcher’s strength in developing modular Internet kiosk software applications that can reside on top of existing platforms, a key to expanding the market for us and our partner companies,” added John Shin, who joined the PayStar Consumer Services team as Vice President and will remain on iCatcher Network’s Board.
iCatcher, which operated free to use Internet kiosks located in high profile locations prior to the sale of its kiosks to PayStar, now focuses on providing software solutions for retailers and media companies that have incorporated kiosks as a public utility in their overall marketing and cost-cutting strategies.
PayStar CEO, William D. Yotty stated, “One of the underlying reasons we decided to accelerate our efforts in purchasing iCatcher’s Internet kiosk assets was for the strategic purpose of gaining access to iCatcher’s talented team of engineers as we strive to stay two steps ahead of our competition.”
PayStar Corporation, a premier global distributor of telephony and financial services, provides its customers with an array of enabling devices. PayStar is comprised of three fully integrated divisions: Commercial Telephony Switch Services, Consumer Internet and Telephony Products including prepaid cards, and Consumer Services providing service and maintenance of Cashless ATMs (CTMs), payphones and Internet enabled kiosks. PayStar is the location services provider (LSP) to retail merchants and is considered a “carriers carrier” for wholesale telecom services worldwide. Success is driven by internal sales and mergers and acquisitions. PayStar’s global strategy centers on expanding its network of thousands of merchant locations that utilize its enabling devices.
About iCatcher Network
iCatcher’s patent-pending technology delivers web-based content, services and applications to a broad range of customer-activated devices including not only kiosks, but also managed PCs and ATMs. Retailers, financial institutions, and other businesses looking to maximize their investments in e-commerce and customer relationship management programs to bring these critical assets closer to their target audience through the storefront, branch office or other public spaces.Details