VAUGHAN, ONTARIO, Feb. 04, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Comepay, Inc. (OTCPINK: CMPY) (“the Company”) is pleased to announce that its wholly owned subsidiary, Chek-Online LLC, a leading manufacturer of fiscal cash registers in Russia, and developer of the family of Cassatka smart terminals, has again added increased functionality to its smart terminals including the Unified State Automated Information System (“USAIS”) app, in order to simplify reporting of alcoholic beverages and products to the Federal Tax Authority of the Russian Federation, including the ability to issue industry compliant receipts for alcoholic products sold.
At the close of fiscal 2018, the Chek-Online development team officially launched the custom USAIS app for operators of the Cassatka family of smart terminals. In addition to reporting transactions to the Russian Tax Authorities, taxes on sales of alcoholic beverages and products must be further reconciled with the USAIS. Prior to the launch of the USAIS app for the Cassatka smart terminals, businesses were required to independently file product details and reports with the USAIS.
The USAIS app now comes as part of our core package of software enhancements that includes other Сassatka payment terminal apps. The payment terminal app operates in conjunction with the existing Сassatka-HUB universal transport module (UTM). Once the App has been set up and configured by the user, the Сassatka terminal can issue special receipts including a slip for the sale of alcohol and a QR code for verification with the Federal Tax Service (FTS) and the Federal Service for Alcohol Market Regulation, as well as meet other required reporting regulation.
As a next step in our enhanced suite of apps for the Cassatka smart terminals, our development team expects to launch the “Mercury App”. Mercury will be similar to the USAIS app but is used exclusively for accounting of animal-based products. Starting July 1, 2018, businesses selling animal-based products have been required to register with the Russian Federal Tax Authorities.
Thereafter, the Chek-Online development team plans to launch an additional customized app for the Сassatka smart terminal that will allow receipt and processing of veterinary documents via the terminal.
The wide range of applications currently being offered on the “Cassatka.Market” are free, and are meant to act as drivers for connecting bank terminals, label printers, the processing of discounts and special offers, generating bar codes and a full system of back-end accounting. Chek-Online is working continuously to offer apps and features which simply business operations across all key industry segments of the Russian marketplace.
About Comepay
The Comepay group of companies including Comepay, RP Systems, M-NN LLC and Chek-online have been operating for over 11 years providing internet acquiring services and support, facilitating instant payments and internet-based payment transactions via kiosks, mobile interfaces and web-based applications such as electronic wallets. The Company also leases and sells cash registers and Point of Sale (POS) systems, including its recently developed proprietary multifunctional smart POS fiscal cash register system. Combining proprietary software and equipment, Comepay processes over 10 million customer payments per month and presently has more than 22,000 kiosks across Russia. The companies are currently focusing their planned business expansion on the smart POS fiscal cash register system called “Cassatka” in order to help businesses comply with newly released Russian taxation legislation, 54-FZ which requires 1.2 million businesses in fiscal 2018, and a further 1.4 million businesses in fiscal 2019 to install new, federally compliant on-line cash registers. The Cassatka, Comepay’s multifunctional smart POS online fiscal cash register can process payments and meet fiscal data storage requirements for participating businesses. It is a convenient and cost competitive solution for businesses to meet the new federal taxation requirements in Russia, and is currently being manufactured for distribution prior to June 2018. As the companies expand their business model, we expect to offer blockchain acquiring services and also to accept payments in multiple crypto currencies on the Cassatka. The Comepay group of companies presently earn revenue from a variety of channels including fee based commissions on payment processing for both cash and debit card payments, software licensing, kiosk placement fees and other rental fees for cash registers and associated equipment. The Comepay companies are looking to expand rapidly in fiscal 2018 and beyond as we introduce and market the Cassatka along with a suite of enhanced user features. Please see websites below: www.comepaygroup.com, www.comepay.ru, www.Cassatka.me, www.chekonline.ru, www.starrys.ru