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Payment and Accounting Systems for Utility Companies

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German based payment solution corp. provides Payment and Accounting Systems for Utility Companies

Internationally operating in integrated payment solutions, german based payment solution corp. provides software and hardware solutions for end customer accounting systems of GEOSS Technologies in the energy sector.

Munich / St. Gallen, July 2009 – Worldwide operating GEOSS Technologies AG (Global Energy Operating Saving Systems), as a provider of prepaid metering systems, headquartered in St. Gallen, focuses wholeheartedly on the hardware and software solutions of prepaid systems provided by german based payment solution corp., Munich.

payment solution designs, based on multi-functional account cards, individual and customized solutions for cashless payment systems in the recreational sector. Since incorporation in 2005, payment solution implemented numerous payment systems in European soccer stadiums and put further major projects in the bonus and loyalty card sector into practice.

Based on comprehensive experience and in-house developed innovations, payment solution now provides complete software and hardware solutions for metering and payment solutions for GEOSS Technologies in the energy sector.

Only recently GEOSS concluded a joint venture with the Indian Gemini Communication Ltd. The joint venture offers Indian utility companies a complete solution based on the technology of payment solution for implementation and realization of prepaid systems in energy supply. Energy customers are provided with the alternative to pay for electricity, gas and water on a prepaid basis, which offers a better cost and consumption overview for the end customer. Utility companies are provided with more accurate planning abilities for expected demand and avoid possible non-payment.

“By long-time experience in installation and operation of cashless payment systems we have the ideal partner in payment solution, who not only supports us with software and hardware, but is also available for subsequent operation”, said Axel Striefler, CSO at GEOSS Technologies AG.
“We are excited to also play a leading role in the international prepaid and metering market for utility companies, due to our comprehensive experience with technology and operation”, said Heinz-Peter Strömsdörfer, CSO and COO at payment solution.

About german based payment solution corp.:

payment solution offers comprehensive and integrated payment solutions for stadiums, arenas, theme parks and other leisure and entertainment facilities. With the use of multi-functional debit cards based on contactless RFID chip technology and comprehensive management software the overall system controls the seamless interaction of all relevant components, such as ticketing, access, parking, etc. Increased user-friendliness for visitors, faster transactions and advanced marketing opportunities guarantee increase in revenue and profit for the operating companies.
The experienced service provider covers all relevant fields from conceptual consulting to IT services and operating the complete system. payment solution offers the unique business model for complete equipment and operation of a cashless system with the native brand “justpay” including complete assumption of investment and ongoing operating costs.
payment solution - we create convenience


Press contact:
payment solution AG
Frederik Herr
Tel: +49 (0) 40 – 556 203 484
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