WWAG Introduces the
Alternative Solution for Unbanked Households and Unbanked Merchants
(Las Vegas, Nevada – April 20, 2015)
WWAG (OTCBB: WWAG), parent of Summit Digital
and Genie Gateway, a provider of cable television, high speed internet
and related services to rural U.S. communities, and electronic payment services
and unified communications to unbanked and under-banked merchants, consumers,
and other emerging industries, announced today that it will introduce
GenieChecking.
“7.7% of U.S. households
are unbanked and 20% of U.S. households are underbanked,” said WWAG CEO Thomas
E. Skala,
citing an October 2014 FDIC survey. “The new trend of unbanked
merchants who need to deal with cash is creating an environment rich with both
opportunities and problems. GenieChecking is the solution!
“Imagine having checkbook
that ties straight into the internet,” Skala continued, “letting you literally
e-mail a check to anyone - including yourself - with absolutely no risk of
overdraft, forgery, or any of the other risks of an old-style checking account.
Fully negotiable checks, payable against the funds in your Genie CashBox.”
GenieChecks may be: printed and deposited
as an ordinary check, negotiated in person at a participating financial
institution, sent as e-mail attachments to third parties, printed and mailed to
third parties either by the customer or by Genie Gateway, or printed and
deposited electronically using any financial institution’s “smart-phone” or
other electronic deposit application.
Sample GenieCheck
Security is also a stand-out feature of the
GenieCheck system. News reports have
highlighted the recent data-breach affecting millions of customers at one of
the nation’s largest retail chains, starting on the busiest shopping day of the
year.
“This didn’t have to happen!” Thomas Skala
exclaimed. “The fact is that people just give away their most sensitive
financial secrets to faceless vendors every day, both on the internet and at
the checkout register.”
“But there’s absolutely no reason they
should ever need to do so,” Skala went on. “GenieChecking makes it
completely unnecessary! Our latest
internet video explains this from a customer perspective.”
WWAG CTO Stuart Scamman explained,
“Traditional credit or debit card, and ACH processing involves at best your
account number and other personal information to verify that you are who you
say you are. Both of those go through the merchant’s system, so anyone
who hacks that system has everything they need to spend your money. With
GenieChecking hackers can look at the merchant’s data all day long and never
touch a dime of your money.”
“GenieChecking is very secure,” added
Randall Skala, Vice President and COO of WWAG. “With an old-fashioned
check, anyone who gets to even look at your check can see all the routing and
account numbers they need to simply drain every penny from your account.
GenieChecks, however, are tied into an instant verification system that
validates each check against your pre-entered amount and designated payee –
even if you EMAIL the check. Which of course you can’t do at all with an
ordinary check.”
WWA
Group intends to leverage this new technology to enhance its existing plan to
consolidate the fragmented wireless broadband marketplace. Genie Gateway
allows subscribers to make payments to and accept payments from third parties,
online or by phone. Payments are processed electronically as peer-to-peer, cash
transactions, and are not subject to traditional credit card merchant processing
rules and regulations.
Tom Nix, president of Summit Digital, Inc.,
said that “Our plans are to introduce and advertise Genie Checking jointly with
other cable television, high speed Internet and wireless Internet service
providers (WISP’s) to their subscribers, on their respective systems, as the
next generation of unified services while creating a new way to build
additional high margin revenues.”
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About WWA Group, Inc
WWA Group (www.wwagroup.com)
(OTCBB:
WWAG), a Nevada corporation incorporated in 1996, operates its cable
business through Summit Digital Inc., which is a Multi-System Operator
providing Cable TV, High Speed Internet and related services to customers in
rural U.S. communities, a specific high-growth market within the Cable TV and
High Speed Internet industry.
About
the Genie Gateway
Genie
Gateway, WWAG’s newly acquired subsidiary, offers WWAG’s most forward-looking
unified communications service to date. Blending products and services needed
to operate a business, traditionally purchased from several vendors, into one seamless global service, the Genie Gateway
is aimed squarely at businesses and individuals who want a fully rounded
presence on the internet, without the cost and complexity of the
build-it-yourself approach.
To
learn more about some of the many services provided on the Genie Gateway
platform please click on:
Safe Harbor Statement
This Press Release contains forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These forward-looking
statements are based on the current plans and expectations of management and
are subject to a number of uncertainties and risks that could significantly
affect the company's current plans and expectations, as well as future results
of operations and financial condition. A more extensive listing of risks and
factors that may affect the company's business prospects and cause actual
results to differ materially from those described in the forward-looking
statements can be found in the reports and other documents filed by the company
with OTC Markets, Inc.’s OTC Disclosure and News Service. The company
undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
CONTACT:
Genie Gateway
4570 South Eastern Avenue - Suite 23-221
Las Vegas,
Nevada 89119 USA
Phone:(855) 948-4400
WWA Group, Inc.
Tom Nix
855-410-8509
Source Capital Group, Inc.
Vik Grover, CFA
630-708-0750
