SOURCE: Precision Dynamics Corporation

September 03, 2008 18:34 ET

Precision Dynamics Corporation and FreedomPay Announce Cashless RFID Partnership Agreement

SAN FERNANDO, CA--(Marketwire - September 3, 2008) - Precision Dynamics Corporation (PDC), the global leader of automated wristband identification, and FreedomPay, the leader in payment management solutions, announced today that they have entered into a partnership agreement to offer multi-purpose cashless solutions to waterparks, hotels, and resorts using RFID technology. As part of the joint venture, FreedomPay will power patrons' stored value accounts, which will be linked to PDC's Smart Band® RFID wristband system, to provide increased security for processing and payments.

"PDC is happy to be partnering with such a highly-regarded company in the payments management industry," says Doug Bourque, market manager, leisure and entertainment for PDC. "Being able to provide owners with a more secure, turnkey economical cashless solution from FreedomPay, coupled with PDC's cutting-edge Smart Band® RFID system, will help owners build positive relationships with their guests that will translate into recurring business and greatly benefit their bottom line."

"As a leader in RFID wristband solutions, PDC is a natural partner for FreedomPay," says Sam Bellamy, COO of FreedomPay. "PDC's wristband technology combined with FreedomPay's payments expertise is a great synergy in which our clients and their customers truly win."

PDC is the first company to introduce its patented Smart Band® RFID wristband system, which is now used in venues such as waterparks and resorts for automated admissions, guest identification, cashless point-of-sale, keyless entry and other applications. Coupled with the award winning PDC Smart Kiosk® Cashless RFID system, PDC has provided a full range of RFID consulting, applications needs, project development and product management services for property owners.

FreedomPay's proprietary cashless solution allows owners to offer their guests the convenience of paying without cash. Owners will be able to reap the benefits of increased sales, quicker lines, streamlined reconciliations and closeouts and reduced cash handling. In turn, this will allow owners to provide guests an easy, seamless guest experience.

For more information regarding PDC Smart Band RFID Wristband System please visit the website at www.pdcorp.com/RFID or call 866-403-6526.

For more information regarding FreedomPay, please visit them online at: www.freedompay.com or call 888-495-0222.

About Precision Dynamics

With over 50 years of experience, PDC is the global leader and pacesetter in the development of Auto ID wristband systems for healthcare, leisure and entertainment, and law enforcement. The company introduced the first patient Bar Code ID Wristband, patented Smart Band® Radio Frequency Identification (RFID) Wristbands and award winning PDC Smart Kiosk® Cashless RFID System. PDC is committed to 100% quality in service, design, and manufacturing and has ISO-9001: 2000 and ISO-13485: 2003 certification. For more information, visit www.pdcorp.com/RFID

About FreedomPay

FreedomPay® delivers comprehensive payments management solutions enabling organizations to drastically improve the way they send, receive and settle payments. Ranging from POS hardware to cashless, electronic payments services to processing, the FreedomPay product suites provide a fully integrated, hosted global infrastructure for managing payments. The nation's largest healthcare systems, Fortune 1000 corporations, universities, and government installations depend on FreedomPay. FreedomPay is an authorized partner of Sharp, NCR, HID and FirstData. Visit us online at www.freedompay.com.