Mobile payment provider PayRange has entered into a non-exclusive licensing arrangement with WASH Multifamily Laundry Systems, one of the largest providers of laundry facilities management services in the United States.
The agreement licenses PayRange’s patents for use with the WASH-Connect mobile payment app. This agreement continues for the term of PayRange’s patents.
“WASH has been a long-time customer of PayRange, and we’re pleased to be extending our partnership with this licensing agreement,” said Paresh Patel, founder and CEO of PayRange. “We are really impressed with the long-term vision WASH has for providing innovative technology and services to its customers, and we look forward to playing a part in bringing those visions to reality.”
“We’re a privately held company founded in 1947, and we hold dear our reputation for integrity and ethical practices,” explained WASH CEO Jim Gimeson. “As operators, we hold a deep respect for the innovations PayRange has brought to elevate the laundry industry.”
Under the terms of the agreement, a licensing fee per mobile transaction will be assessed for use of the licensed mobile application payment technology.
