HIP Announces the International Partnership Program

July 20th, 2006 - Hanover Innovative Payment, LLC (HIP) today unveiled its International Partnership Program (IPP) formalizing the company’s commitment to the concept of partnerships as opposed to the traditional vendor/supplier relationship… Through the IPP, HIP works together with partners around the globe to build payment products and infrastructure tailored for the local environment.

“HIP provides training and assistance with the technology, business and operations as needed while working with a partner who brings local market and cultural knowledge and their existing technical expertise to the table.” said Todd Davis, Managing Director, Hanover Innovative Payment. “The goal is to create a local entity ready to assume a standalone role as a major regional player within the payment industry.”

Through its partner jPOS solutions Hanover Innovative Payment has a long history within the open source community. jPOS is an open source framework used to construct financial transaction processing systems. HIP and jPOS Solutions provide support for that user community. This open source exposure has fine tuned HIP’s sensitivities to the needs of its worldwide clients.

Key players on the HIP team have lived and worked in various regions of the world providing operations support to their banking sectors. Working inside these economies has created a significant appreciation within HIP for the local methods of conducting business. These experiences will help to guide the partnerships established under the IPP to marry the rich financial processing background of HIP to the requirements of the local environment. IPP will result in professional entities capable of safely and securely addressing the development and operational needs of any payment product or system.

For more information, please contact us at 1.202.742.6313 or info@hanoverpayment.com.

Hanover Innovative Payment focuses on partnerships. Our industry experience enables our partners to leverage their resources to develop, maintain and grow transaction processing and electronic cash systems. We believe building truly collaborative relationships that fuse our knowledge with our partners' will always lead to success.