January 7, 2010 (FinancialWire) — Sino Payments, Inc. (OTCBB: SNPY) said it has completed version 2.0 of the core Sino Payments Global Payment Processing platform “SinoPay GPP” for processing credit and debit cards from cash registers and point of sale checkout machines widely used by most retailers worldwide.

Sino Payments, in conjunction with Shanghai partner PowerE2E, has completed version 2.0 of the Sino Payments GPP IP card processing system including system updates, installation, and testing at PowerE2E’s headquarter location in Shanghai, China. The Sino Payments GPP system has been designed to be used by most global retailers, specifically for regional retailers with large numbers of stores across the Asia Pacific and European regions.

With full international card processing capabilities for all major card types (V/MC/JCB/Diners/AMEX) and including capability for special processing features and needs of international retailers in China and Japan, the Sino Payments GPP is one of the first region wide international card processing systems which processes transactions from traditional point of sale terminals and check out store systems and converts these to IP output.

Sino Payments is a US public company with offices in Hong Kong and Macau. In addition to providing stand alone worldwide ecommerce processing capability, Sino Payments’ proprietary IP transaction processing system (SinoPay GPP) is designed to convert transaction processing systems from old type dial up point of sale systems linked to sophisticated check out terminals to a modern seamless IP transaction process, reducing credit and debit card transaction processing times by half at checkout.

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