ID Global Solutions Corporation (IDGS) Announces Signing of a 10 Year Build, Operate, and Transfer Contract with Basetek S.A.S. in Colombia for Payspot Kiosks at Bogota Transit Authority (Transmilenio S.A.) Stations Throughout the City of Bogota
ID Global Solutions Corporation IDGS, +0.00% a company focused on fraud management and global payment solutions, announces that on September 15, 2015 it executed a 10 year Build, Operate, and Transfer contract valued at 3.648 Billion COP (~$1.2 Million US) for 80 un-attended payment solution kiosks with BaseTek S.A.S. in Bogota, Colombia.
In July the company announced it had acquired MultiPay SAS, headquartered in Bogota, Colombia (http://www.multipay.com.co/). MultiPay offers multifunctional payment gateway services to merchants, enterprise businesses and banking institutions in Colombia and Peru.
This contract represents IDGS’ entry into the Colombian public transit payment and fare collection market. It calls for the installation, commissioning, and ongoing maintenance of 80 ruggedized IDGS PaySpot kiosks at Bogota Transit Authority (Transmilenio S.A.) stations throughout the City of Bogota. IDGS was selected as the supplier based on the performance and design of PaySpot as well as its ability to deliver unique value added solutions to BaseTek S.A.S. and the Transmilenio S.A. customers. This will be accomplished with IDGS’ OnePay secure closed network payment solution and MultiPay, it’s multifunctional payment processing gateway.
Mr. Thomas Szoke, Chief Executive Officer of ID Global Solutions Corporation said, “This contract represents a key strategic milestone in the Company’s entry into the Colombian and Latin American payment and fare collection markets. We are pleased to be in collaboration with BaseTek S.A.S. and together anticipate bringing very unique services into the market.”
About ID Global Solutions Corporation:
IDGS provides multi-functional secure payment solutions for open and closed electronic payment transaction networks. The company is focused on the growing need for fraud protection and identity verification solutions. IDGS was founded to pioneer key innovative approaches for the development, integration, and delivery of advanced digital identification solutions.
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