updated 9/21/2010 5:15:36 AM ET 2010-09-21T09:15:36

PORTLAND, Ore., Sept. 20, 2010 (GLOBE NEWSWIRE) -- Software startup Lecere Corporation (Pink Sheets:LCRE) today announced that the company has obtained approval to

  • Charge its restaurant customers' credit/debit cards (internal credit/debit card processing)
  • Credit/debit its restaurant customers' bank account using ACH (Automated Clearing House) processing for EFT (Electronic Funds Transfer)

Lecere's processor is National Merchant Center, a PCI (Payment Card Industry) DSS (Data Security Standards) Validated Service Provider.

LCRE CEO Jim Morris stated, "We have obtained approval to charge a restaurant's credit/debit card or use ACH processing to obtain our monthly revenue. When a restaurant signs up for Lecere's FIRMS software, they must provide a credit/debit card or bank account number. The account is charged $150 at registration for a wireless router that we send to the customer. We will then charge the credit/debit card or bank account monthly, as per our pricing model.

"We are currently in the process of obtaining the ability for our restaurant customers to charge their own restaurant guests (external credit/debit card processing) through FIRMS. That approval is virtually assured.

"The ability to utilize debit/credit cards or EFTs to collect on our recurring monthly revenues should reduce accounts receivable as well as improve cash flow.

"By offering these customer based alternative payment methods, we believe we are providing a convenience to the client as well as laying the foundations for success in today's global Internet business environment."

About LecereTMCorporation

Lecere Corporation (Pink Sheets:LCRE) of Portland, Oregon develops and markets Lecere FIRMSTM, an integrated, Web-based suite of interactive restaurant management software that runs on handheld wireless devices. FIRMS helps restaurants reduce their operational costs while enhancing their customers' experiences for increased revenues and profits. Visit our website www.lecere.com

Lecere and FIRMS are trademarks of Lecere Corporation. All other legal marks are the property of their respective owners.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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