FreedomPay to Unleash the Power of Pay at NRF 2023

One of the world’s fastest growing fintech to showcase award-winning global commerce technology platform and industry-leading partner network.

NEW YORK, National Retail Federation, Jan. 15, 2023 (GLOBE NEWSWIRE) — FreedomPay, the global leader in Next Level Commerce™ and the commerce technology platform of choice for global retail, hospitality and payments brands including Marriott, Foot Locker, Shake Shack, Engage People, and Castles Technology, will showcase its innovations and partnership announcements this week at NRF in booth #4250.

The event will mark the launch of FreedomPay’s new call to action, Unleash the Power of Pay. As the commerce landscape evolves with new technologies and changing consumer needs, Unleash the Power of Pay introduces the notion of unleashing the power of payments to drive greater customer loyalty, leverage business intelligence insights, and bring value-added services.

“FreedomPay is excited to make a splash at this year’s NRF and to launch Unleash the Power of Pay. The concept is a testament to our award-winning technology and best-in-class partner network that is enabling billions of transactions in more than 75 countries across the globe,” said Tom Durovsik, Founder & CEO of FreedomPay.

As part of its line-up at NRF, FreedomPay will host a roundtable discussion on Monday, January 16 at 10:30AM at booth #4250 with industry influencers Castles Technology, Charter Communications, and Elo Touch, moderated by Dale Laszig of the Green Sheet. The event, Next Level Commerce™: Unleashing the Power of Pay, will focus on the challenges and opportunities across retail, the trends influencing retail’s future, and strategies for merchants to navigate the changing retail sector. Those who would like to attend virtually are encouraged to register here.

FreedomPay also announces the publication of a new industry white paper The Next Level of Global Payments: Unleash the Power of Pay. The report highlights pivotal opportunities for retailers to elevate customer relationships and increase profit margins internationally, outlining strategies for security, safety, speed, simplicity, and customer satisfaction with service across borders. Download now to read the bespoke report.

FreedomPay’s global footprint continues to grow through the power of its partner network and new integrations to allow merchants to Unleash the Power of Pay for their customers. FreedomPay also announced in the days leading up to NRF 2023 new partnerships that will bring its solutions to more merchants around the world.

Moneris Solutions Corporation (“Moneris”), the largest payment processor in Canada*, will now be able to offer its merchants access to FreedomPay’s commerce technology platform, bringing an enhanced checkout experience to millions of shoppers across Canada.

FreedomPay also announced an integration with Flooid, bringing enhanced innovation, choice, and flexibility to retailers around the globe on the Flooid platform.

To learn more about FreedomPay, visit us at NRF booth #4250 or www.freedompay.com.

About FreedomPay

FreedomPay’s Next Level Commerce™ platform transforms existing payment systems and processes from legacy to leading edge. As the premier choice for many of the largest companies across the globe in retail, hospitality, lodging, gaming, sports and entertainment, foodservice, education, healthcare and financial services, FreedomPay’s technology has been purposely built to deliver rock solid performance in the highly complex environment of global commerce. The company maintains a world-class security environment and was first to earn the coveted validation by the PCI Security Standards Council against Point-to-Point Encryption (P2PE/EMV) standard in North America. FreedomPay’s robust solutions across payments, security, identity, and data analytics are available in-store, online and on-mobile and are supported by rapid API adoption. The award winning FreedomPay Commerce Platform operates on a single, unified technology stack across multiple continents allowing enterprises to deliver an innovative Next Level experience on a global scale. www.freedompay.com

*Based on total number of transactions processed in Canada

Jennifer Tayebi
Hill+Knowlton Strategies for FreedomPay
+1 734 395 0780
Jennifer.Tayebi@hkstrategies.com

GlobeNewswire Distribution ID 8729731

Vietnamese eatery fined NT$300,000 for storing too many firecrackers

The owner of a Vietnamese eatery in Taoyuan has been fined NT$300,000 (US$9,892) for violating firework storage rules after 166 kilograms of firecrackers and fireworks were seized from the store, the Taoyuan City Fire Department said Sunday.

Acting on a tip-off, city fire officials raided the eatery, located near the Taoyuan Train Station, on Saturday and seized the fireworks and firecrackers, which weighed nearly seven times the permitted amount under the Firework and Firecracker Management Act.

According to the law, no more than 25 kilograms of general fireworks and firecrackers can be stored, and violators face a fine ranging from NT$60,000 to NT$300,000.

Taoyuan fire authorities decided to impose the maximum fine on the store owner, according to the fire department.

The female owner surnamed Nguyen (?) said the firecrackers and fireworks were bought by her daughter on the internet and that she was not aware of the storage limit, the fire department said.

Lai Chih-chung (???), the head of the first brigade of the Taoyuan City Fire Department, said that because people set off firecrackers and fireworks during the Lunar New Year holiday, stores usually stockpile them in large quantities before the holidays to sell.

Fireworks and firecrackers are controlled products, however, and those who keep a larger than permitted quantity can be punished in accordance with the law, Lai said.

He reminded people, particularly foreign residents who are not familiar with the law, to pay heed to the regulations and rules to avoid incurring losses that outweigh the profits from firecracker sales.

Source: Focus Taiwan News Channel

Ankeng light rail delays opening after MOTC inspection

The Ankeng light rail transit (LRT) line will not open before the Lunar New Year holiday as had been hoped after the Ministry of Transportation and Communications (MOTC) on Saturday said six issues had to be addressed before the line could make its debut.

In a statement issued Saturday, the MOTC said it had completed its inspection of the new tram line in New Taipei but that it identified six issues that needed fixing before the line could operate.

The problems raised by the MOTC were mainly cosmetic issues involving LRT stations, such as broken tiles, or missing safety indicators, such as stop signs or blueprints of wiring in transformer substations.

The MOTC also identified 11 issues that the LRT operator would need to be aware of when the system becomes operational and provided 12 suggestions to improve the line’s service once it starts carrying passengers.

The new light rail line covers nine LRT stations over a distance of 7.5 kilometers and is expected to cut the commutes of Ankeng area residents to other parts of New Taipei and Taipei by 15 to 20 minutes.

The new LRT line had initially eyed a launch date before the end of 2022, but couldn’t meet it because of inflation issues and a lack of workers, according to New Taipei Mayor Hou Yu-ih (???).

In response to the MOTC report, Hou said Sunday that the city was confident the six problems addressed by the MOTC will be rectified quickly.

A follow-up inspection report will be submitted by the city to the MOTC after the Lunar New Year, Hou said, expressing confidence the LRT line would begin operating very soon.

Hou also addressed the Executive Yuan’s recent approval of the Xizhi-Donghu Line to be run by Metro Taipei which will link Neihu District in Taipei to Xizhi District in New Taipei and eventually connect to the planned Keelung Metro.

He said he hoped that the traffic issue that has long-plagued New Taipei’s Xizhi District will be resolved once the metro service is completed.

Source: Focus Taiwan News Channel

China-based Hon Hai subsidiary plant designated as ‘lighthouse factory’

A China-based subsidiary of Taiwan-based Hon Hai Precision Industry, known as Foxconn globally, has been selected for the sixth time as the builder of a “lighthouse factory” by the World Economic Forum (WEF).

Foxconn Industrial Internet Co. (FII), the Shanghai-listed company based in the southeastern Chinese city of Shenzhen, said in a statement last week that its Guanlan campus had been included in the WEF’s Global Lighthouse Network (GLN), a community of manufacturing sites and value chains that are leaders in the adoption of Fourth Industrial Revolution (4IR) technologies.

The Guanlan campus — which follows five other FII or FII-affiliated GLN sites in Shenzhen, Qinhuangdao, Chengdu, Wuhan, and Zhengzhou — is also the first of its kind focusing on precision metal processing, FII said.

The campus was one of 29 GLN sites announced by the WEF on Jan. 13, joining the ranks of 132 leading manufacturers in the world, according to the international organization.

FII was able to achieve agile product introduction, quick capacity ramp-up, and smart mass production by deploying 4IR technologies in response to their customers’ needs for the rapid release of new smartphone products and strict quality standards, the WEF said.

FII’s application of 4IR has accelerated new product introduction by 29 percent, led to 50-percent faster ramp-ups, reduced quality non-conformance by 56 percent, and reduced manufacturing cost by 30 percent, it said.

In 2018, the WEF and consulting firm McKinsey started the first lighthouse network list, recognizing nine manufacturing plants in a survey of the digital transformation of more than 1,000 factories.

The term “lighthouse factories” refers to production plants that have adopted 4IR technologies, including AI and the Internet of Things (IoT) in their daily operations.

Source: Focus Taiwan News Channel