Paymetrex enters technology licensing agreement with AnywhereCommerce

Datametrex (DTMXF) AI’s Paymetrex Payment Solutions entered into a Technology Licensing Agreement with AnywhereCommerce. The license provides Paymetrex with access to AnywhereCommerce’s comprehensive suite of payment products and services. Combined with Paymetrex’s proprietary intellectual property, the Company intends to offer a full range of payment solutions, including credit card terminals, credit and debit transaction processing, and cryptocurrency payment processing. Paymetrex will market these solutions under its proprietary YuzuPay brand through a white-label program. The Company plans to distribute these offerings directly to merchants and indirectly through Independent Software Vendors and Independent Sales Organizations. Paymetrex also owns a patent portfolio, comprising 10 granted patents, that supports these initiatives. In addition, the Company is appointing resellers with strong merchant relationships across high-value sectors including art dealerships, jewelry retailers, automotive dealerships, luxury boat and jet rental businesses, and other premium merchant categories. AnywhereCommerce and PayMetrex will collaborate to co-create and identify other strategic IP assets for acquisition. The combined patent portfolio will be leveraged to spearhead joint business development efforts, providing market differentiation and patent security for our partners and customers. In addition, Paymetrex will be filing at least one provisional patent around the use of Quantum Computing technology to enhance security in payments. Payments includes credit card, mobile wallet and e commerce transactions.