Advanced Merchant Solutions, Inc. releases Pocket Verifier Professional to retail stores nationwide

October 2001

For Immediate Release

Fullerton, CA (October 29, 2001) Advanced Merchant Solutions Inc., the creators of MerchantAnywhere.com have released their Pocket Verifier Professional product to the retail sales channel. The product is distributed by Navarre Corp., and represented by Channel Sources.

With Pocket Verifier Professional users can transfer funds from a customer's credit card directly into their checking account! Pocket Verifier Professional uses the PDA's Internet connection to authorize and transfer funds. Pocket Verifier Professional is fully compatible with almost any Palm OS based PDA with an Internet connection. Pocket Verifier Professional accepts electronic checks as well, saving trips to the bank, and long delays waiting for the mail. Its built in transaction database and manager allows the user to review and organize sales in dozens of different ways, as well as perform credits and voids instantly. The ability to store and resubmit transactions is useful for times when out of range, or the customer needs to call his card issuer to increase his limit. The unique on-screen signature capture and receipt printing capabilities allow the user to totally automate the transaction.

The printed Quick-start, along with the CD-based Product Guide, and unique PC-screen video give the user, experienced or novice, easy access to all of the functions of the program.

Bundled with a pre-approved, flat-rate merchant account, with a lower price than most wireless plans, no commitment, and zero up-front costs, this package is truly a complete solution for the businessperson in the field who wants to increase their business by accepting credit cards.


Features

Pocket Verifier Professional has features normally found on $2000 wireless terminals, such as the Nurit 3010 and LinkPoint 9000, but it also offers the functionality and versatility of the wireless Palm platform, at a fraction of the cost. Minimal investment with full capability is our most important feature, but not to be overlooked, we also offer:

v Instant Wireless Credit Card Acceptance

v Fully Encrypted Transactions

v Swiped and Manual Transaction Processing

v Address Verification System (AVS)

v Intensive Fraud Screening for every Transaction

v Check Reader & Receipt Printer Capable

v Magnetic Card Reader Support

v Electronic Check Acceptance

v On Screen Signature Capture

v Transaction Database Storage

v Store and Resubmit Transactions

v Training mode with test-only account

v Pre-approved, flat rate merchant account

v Multiple PDA's on a single account

v Multiple Accounts on a Single PDA

In addition, for those using a magnetic card reader accessory (of which there are many), our software has been tested through CardCommerce and FDR to qualify for “Swiped” or “Retail” rates, which are significantly lower (1.69%) than keyed-in transactions (2.2%).

The company has also signed up several OEM’s to market the software in selected vertical markets. These OEM’s have already booked orders in the thousands of units to the Transportation and Franchise Vendor markets.

Pocket Verifier Professional was recently reviewed and featured on WWL-TV Channel 4 Morning News in New Orleans, and can be seen at:

http://www.merchantanywhere.com/pocketverifier

Laptop magazine called it an “innovative, trusty package for Palm OS… a fully portable merchant’s terminal”

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About Advanced Merchant Solutions Inc.

Advanced Merchant Solutions Inc. is a privately held mobile computing software company headquartered in Fullerton, Calif. Founded in early 2001, the company saw the potential of small and home businesses such as contractors, installers, vendors, consultants, taxis, plumbers, and locksmiths who must deliver their product or service in the field. In order to stay in the forefront of today's electronic and mobile commerce technologies, Advanced Merchant Solutions, Inc. has formed alliances and partnerships with the industry's leaders, and is a Palm Select Alliance Member, a Microsoft Mobile Solutions Partner, a Handspring Registered Developer, and is a registered and recognized developer for Sony, Nokia, and other mobile device manufacturers. For more information, please visit the company's Web site at www.merchantanywhere.com or call 714-449-0211.

Press Photo / Documentation:

This document in MS-Word Format:

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Palm VIIx with credit card reader TIFF 908K

http://www.merchantanywhere.com/Press/PressImages/PalmVIIx_W_Reader.tif

Pocket Verifier Professional Screenshot array TIFF 195K

http://www.merchantanywhere.com/Press/PressImages/4screens.tif

Kyocera Smartphone with PV Screen TIFF 560K

http://www.merchantanywhere.com/Press/PressImages/Smartphone.tif

Palm VIIx with Signature screen TIFF 1.05M

http://www.merchantanywhere.com/Press/PressImages/Palm VIIx.tif

VisorPhone with Amount Screen TIFF 912K

http://www.merchantanywhere.com/Press/PressImages/visorphone.tif

Product Box Shot TIFF 1.15M

http://www.merchantanywhere.com/Press/PressImages/boxshot.tif

Product Logo TIFF 222K

http://www.merchantanywhere.com/Press/PressImages/Prod_Logo.tif

Reseller Data Sheet PDF 462K

http://www.merchantanywhere.com/Press/PressImages/reseller.pdf