Betting Inc. announced that it will purchase the Pay Master terminal from Shop While You Wait, the joint venture between Smoky Mountain Technologies Inc. and ET&T that was formed to market an electronic shopping service for retail and waiting room locations.
Betting Inc. will participate in the multimillion dollar venture between Smoky Mountain Technologies Inc., a UNICOMP subsidiary (Nasdaq UCMP), and Electronic Transactions and Technologies to pursue self service electronic commerce.
“Shop While You Wait (SWYW) is giving us an excellent price for the Pay Master,” stated Tom Hughes, Betting Inc. Chairman and CEO. “We have had substantial interest from parties who presently receive legal home off track betting by credit card, and would like to replace that with same as cash, ATM cards with PIN transactions through the Pay Master calling out by modem not voice, over a regular phone line. This is real money, the same as cash for the gaming service companies, and they can realize additional significant savings by processing electronic orders rather than voice calls.”
The Pay Master terminal includes a card reader for both mag strip and smart card, alpha numeric keypad, alpha numeric display and printer. It is designed for self-service electronic orders not voice calls.
The business of Betting Inc. is to act as an interface between consumers using their ATM card and bank assigned PIN to send personal encrypted remote financial electronic transactions (PERFECT) to the gaming industry.
Betting Inc. processes these transactions and is also developing the Patented Second Line Computer Keyboard to bypass the Internet with PERFECT activity.Details