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Wednesday, May 15, 2002
Blackstone (, one of the nation’s leading electronic providers of prepaid telecommunications products and services, announced today they have entered into an interconnection contract for international telecommunications services with Telecom Colombia, the leading provider of telecommunications services in Colombia. Blackstone, in accordance with the contract, will be providing Telecom Colombia with its patented Blackstone POS terminals for a pilot program in its company owned stores throughout Colombia. The Blackstone POS has successfully integrated the processing of all major credit cards and ATM/Debit cards with the sale of prepaid products and bill payment services supported on the Hypercom ICE 5500 point of sale platform. According to Mike Acton, Blackstone’s general manager, “Telecom Colombia will be using the terminals to sell prepaid products, like prepaid calling cards and prepaid cellular, and offering our custom payment software to their customers. The Blackstone POS and Payment Systems (BPS) software is ideal for this region of the world, by offering customers this payment option, companies can better manage their administrative costs, reduce customer bad debt and maintain their customer base. In today’s global economy, it is imperative that companies maximize their time and resources and the Blackstone POS enables companies to do just that.” The Blackstone Payment Systems (BPS) software allows companies providing services that are traditionally billed to issue their customers a personalized plastic card with information stored on the magnetic stripe. Customers visit a Blackstone POS location, present their card for swiping, pay the balance due at the terminal; the location accepts payment and electronically submits payment information to the service provider for credit. Concurring with Acton, Kira Angulo, director of data processing for Telecom Colombia said, “By means of these kinds of projects, Telecom Colombia is seeking ways to maximize its installed capacity and open new markets in Colombia by developing new products and services.” Blackstone has rapidly become one of the country’s largest providers of prepaid telecommunications products and services with over 300,000 retail locations nationwide. Established and headquartered in Miami, Florida since 1995, Blackstone is privately owned, and managed by a team of executives experienced in payment processing, networking, information services, retailing and telecommunications. Today, Blackstone is successfully merging two industries, prepaid telecommunications and electronic transactions, into one terminal to the benefit of its clients and end-users around the world. Founded in 1948, Telecom Colombia ( is Colombia’s leading telecommunications company, for both local and long distance services, with over 2.5 million telco lines across the country. Today, Telecom Colombia has a presence in over 800 municipalities, 400 regional offices and over 5,000 locations. For more information on Blackstone’s products and services, please call ++ 305-639-9590 or visit Blackstone POS are trademarks of Blackstone Communications Co., US and foreign patents pending.