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GuestLogix Secures Renewal with North American Low-Cost Carrier to Support Onboard Ancillary Revenues - Company Maintains Market Leadership Position with Carrier’s Continued Use of Leading Retail Technology Platform and Global Payment Gateway™ - GuestLogix.com
GuestLogix Secures Renewal with North American Low-Cost Carrier to Support Onboard Ancillary Revenues

 

PRZOOM - /newswire/ - Toronto, Ontario, Canada, 2014/09/17 - Company Maintains Market Leadership Position with Carrier’s Continued Use of Leading Retail Technology Platform and Global Payment Gateway™ - GuestLogix.com. TSX: GXI

   
 
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GuestLogix, Inc., the leading global provider of ancillary-focused merchandising, payment and business intelligence technology to airlines and the passenger travel industry, today announced a renewal agreement with a North American carrier for the continued fleet-wide use of the Company's retail platform and PCI-compliant POS handheld devices. The airline will also continue to utilize GuestLogix’ Global Payment Gateway™ for credit card recovery services and enhanced revenue protection. This signing demonstrates GuestLogix’ market leadership position and its commitment to innovation, as it protects its customer base and global footprint.

“At GuestLogix, we are committed to providing the most innovative and secure retail solutions while fostering strong relationships with our customers,” said Brett Proud, President & CEO, GuestLogix. “By providing powerful end-to-end retail technology that meets ever-changing global payment standards, we aim to ensure the satisfaction of our customers as we support their evolving ancillary revenue initiatives. We are thrilled to have earned the continued business of this low-cost carrier and look forward to further elevating its retailing performance.”

GuestLogix’ portfolio of solutions, including its Transaction Processing Engine® (TPE) and Global Payment Gateway, are backed by 82 payment and operational certifications, making GuestLogix the most trusted technology provider in the industry. GuestLogix’ retail platform and PCI-compliant POS handheld devices are used onboard this North American carrier to accept credit cards for the purchase of food and beverage across all routes. In addition to utilizing the Company’s leading solutions, the airline will also continue to leverage GuestLogix’ Global Payment Gateway to mitigate payment risk.

“Our Global Payment Gateway has recovered previously declined revenues across many of our customers, including this airline, leading to significant improvements in ancillary revenue generation,” said Ilia Kostov, EVP Global Sales & Product Strategy, GuestLogix. “Not only will we continue to power this airline’s onboard store into the future, but we will continue to provide the necessary tools to protect its bottom line.”

This renewal agreement represents approximately 10.7 million passenger trips per annum for GuestLogix.

About Guestlogix, Inc.
GuestLogix, Inc. (guestlogix.com), is a global leader in comprehensive merchandising, payment and business intelligence technology delivered to the passenger travel industry, both onboard and off-board. Bringing over a decade of expertise as the industry’s most trusted onboard transaction processing partner to airlines, rail operators and elsewhere in the passenger travel industry, GuestLogix powers the industry’s growing reliance on ancillary revenue generation. Both direct to operators as well as through partnerships with global leaders in catering, duty-free, inflight entertainment and self-service retail experts, the Company provides the payment services touching over 1 billion travelling consumers each year. GuestLogix' global headquarters and centre for product innovation is located in Toronto, with regional head offices located in Dallas, London and Hong Kong.

® Transaction Processing Engine is the property of GuestLogix and is registered in the United States and may be pending or registered in other countries.
© 2014 GuestLogix. All Rights Reserved.

Forward-Looking Statements
This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with GuestLogix' business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate","believe","plan","estimate","expect","intend", and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect GuestLogix' current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks and Uncertainties" in the Filing Statement filed on August 11, 2014 with the regulatory authorities. GuestLogix assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.

 
 
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Agency / Source: GuestLogix, Inc.

 
 

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GuestLogix Secures Renewal with North American Low-Cost Carrier to Support Onboard Ancillary Revenues

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GuestLogix, Inc. | TPE
Contact: Dan Thompson - GuestLogix.com 
416-849-1566 dthompson[.]guestlogix.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any GuestLogix, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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