Company Profile

WAY Systems Inc (AKA: Way Systems Security Corporation)
Profile last edited on: 3/10/11      CAGE:       UEI:

Business Identifier: Mobile technology
Year Founded
First Award
Latest Award
Program Status
Inactive (Acquired)
Popularity Index
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Location Information

200 Unicorn Park
Woburn, MA 01801
   (781) 569-0414
Location: Single
Congr. District: 05
County: Middlesex

Public Profile

In September 2010, WAY Systems Inc was acquired by VeriFone Systems. WAY Systems, Inc. transforms GSM mobile handsets into Point of Sale (POS)/ATM terminals to meet the demand for a low-cost wireless POS solution. WAY's Mobile Transaction Terminal (MTT) technology converts any GSM mobile phone into a mobile authentication and payment terminal that expands ATM/POS functionality from an existing market of 10 million large/medium merchants to a market of more than 100 million small merchants

Extent of SBIR involvement

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Synopsis: Awardee Business Condition

Employee Range
Revenue Range
VC funded?
Privately Held
Stock Info
IP Holdings

Awards Distribution by Agency

Most Recent SBIR Projects

Year Phase Agency Total Amount
2003 1 NSF $99,616
Project Title: Mobile-Transit Transaction Device

Key People / Management

  Fred Gumbel -- President

  George Devitt -- Chief Marketing Officer

  Stu Fullerton -- Vice President of Sales

  William Graylin -- Former President

  Terry Hsiao -- President International

  LanceCTO Nakamura -- CTO

  Jim Financial Of Norton -- Chief Financial Officer

  Andrew Petrov

  Jon Schau -- Vice President of Engineering

  Bruce R Shirey -- Vice President, Global Services

Company News

There are no news available.