| Business Summary | | U.S.
Wireless
Data,
Inc.,
founded
in
1991,
markets
proprietary
technology
that
brings
together
three
large,
rapidly
growing
industries,
transaction
processing,
wireless
data
transport
and
the
Internet,
to
enable
wireless
payment
processing.
The
Company's
Synapse
service
(formerly
Wireless
Express
Payment
Service
or
WEPS)
provides
a
gateway
between
all
of
the
parties
to
a
wireless
point
of
sale
(POS)
transaction.
By
providing
a
seamless
interface
between
a
merchant's
POS
terminals,
wireless
carriers
and
card
processors,
credit,
debit
and
other
card
transactions
can
be
processed
in
most
instances
as
fast
as
cash,
without
the
cost
and
inconvenience
of
being
tethered
to
a
telephone
line.
In
addition,
Synapse's
Internet-based
tools
offer
online,
real-time
transaction
monitoring,
remote
diagnostics
and
automated
terminal
activation. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | U.S.
Wireless
Data,
Inc.
combines
together
three
rapidly
growing
industries
(transaction
processing,
wireless
data
transport
and
the
Internet)
to
enable
wireless
payment
processing.
For
the
nine
months
ended
3/01,
revenues
totalled
$2.1
million,
up
from
$467
thousand.
Net
loss
applicable
to
Common
decreased
76%
to
$12.1
million.
Revenues
reflect
increased
service
revenues
and
sales
associated
with
acquisitions.
Lower
loss
was
partially
offset
by
increased
personnel
related
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Dean Leavitt, 41 Chairman
and CEO | $402K | Christopher O'Hara Pres | -- | Rick DeVincenzo CFO,
Sr. VP, Treasurer | -- | Charles Leone, 39 COO,
Sr. VP, Sec. | 67K | John Perveiler, 49 VP/National
Sales Mang. | -- | Dollar amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|