Castles Technology And Suzohapp Pact To Co-Develop Next-Gen Cashless Payment Solutions

Posted On: 1/21/2019

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ATLANTA -- Castles Technology International Corp. and Suzohapp have entered into a multi-year partnership agreement that includes the co-development and delivery of next-generation cashless terminals within unique sales channels throughout the global unattended marketplace.

The partnership enables Mt. Prospect, IL-based Suzohapp to white label and resell Atlanta, GA-based Castles' family of cashless payment hardware solutions, bundled with its services. The result is that each company's unique business partners obtain cashless payment hardware solutions that are backed with highest levels of PCI and EMV compliance, lower their overhead costs, capture new revenue streams, and empower their end users with independence and flexibility.

Advancements in payment technology such as continued EMV migration, closed-loop/loyalty and mobile and smart device integrations, have rapidly transformed how customers interact and complete purchases from global brands. But fraudsters and cybercriminals are constantly seeking ways to disrupt these kinds of advances by exploiting vulnerabilities and security at the point-of-sale.

"With over 85 years of combined experience, Suzohapp and Castles have made countless investments in the areas of research, product development and market surveillance of the potential dangers and liabilities that are weakening the payments industry," said Castles Technology International Corp. North America chief executive Winston Fong.

With both companies integrating their existing payment technology and hardware platforms, Castles and Suzohapp said they "stand ready to acquire substantial market share in kiosk, vending, micromarket, gaming, amusement, transportation, banking and retail channels.”