PORTLAND, Ore. — PayRange Inc., which provides mobile payment solutions for unattended retail that includes laundromats, reports it has entered into a non-exclusive licensing arrangement with WASH Multifamily Laundry Systems LLC.
WASH is one of the country’s largest providers of laundry facilities management services, PayRange says, serving apartment properties, condos, college/university residence halls, military bases and other multi-housing sectors.
The agreement licenses PayRange’s patents for use with the WASH-Connect Mobile Payment App and will continue 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,” says 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,” says 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.
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