Facey Group Ltd. Completes 80 Million Electronic Transactions in the Caribbean in 3 Years

FOOTHILL RANCH, California, July 12, 2012 (Business Wire) – Emida, a leader in the global prepayment and value transfer market, today confirmed its partner, Facey Group Ltd., has successfully processed over 80 million electronic transactions in 20 Caribbean countries since its first Emida system was deployed in September 2009.

Niall O’Brien, Facey Group Ltd.’s COO said “Customers and merchants are embracing cash-paid, electronic transactions in a region where most retail customers are served by small, independent locations. Electronic eliminates the need for customers to use PIN numbers, offering convenience and saving aggravation compared to scratch cards. It is certainly now the default method for most Caribbean users to add credit to their prepaid mobile accounts – customers buy in amounts, in places and at times that suit them. Our network, based on Emida technology, extends to 12,000 active terminals processing 4m transactions each month – and it grows every month.”

“Emida sees Facey as a regional leader in the distribution of electronic transaction processing involving cash” said Martyn Fricker, GM – Emida International. “Niall and his team continue to find new ways to expand and improve their portfolio of services that use Emida technology and services. We are delighted at their success and are proud to be their partner. We look forward to supporting new services and the next 80 million transactions!”

About Emida

Emida is a leader in the global prepayment and value transfer market, operating in 37 countries throughout North, Central and South America, the extended Caribbean, Africa, Oceania, the Middle East and Europe. We support a network of more than 54,000 retail points with an annual dollar payment volume in excess of $1.5B, processing more than 240 million annual payment transactions.

Our network technology enables the domestic and international distribution and value transfer of many types of prepaid products and payment services. Our strategy is to build profitable, robust distribution networks for many prepaid products in targeted operating geographies, and to introduce unique cross border value products between regions. Our payment processing platform provides robust revenue solutions for distributors, ISOs, retailers, carriers and service providers alike.

About Facey Group Ltd.

Facey is a leading value-added distribution and services group with operations in the Caribbean, Central America, the Pacific and Europe. Our Telecom business provides value-added distribution and related services to wireless network operators and OEMs (Original Equipment Manufacturers). We operate in over 30 countries in several regions of the world and our distribution and related solutions are geared to meet the specific local or regional needs of our customers.