Hey, hsg....how's THIS?
IVI Checkmate Announces Agreement with Orchard Supply Hardware Chain
-- IVI Checkmate named preferred supplier of interactive touch screen terminals for Home Improvement and Garden Supply division of Sears, Roebuck and Company --
<<<ATLANTA/TORONTO, May 31 /CNW-PRN/ - IVI Checkmate Corp. (NASDAQ: CMIV); (TSE: IVC/IVI), announced today an agreement with Orchard Supply Hardware of San Jose, CA, naming IVI Checkmate as the preferred supplier of interactive touch screen terminals for payment and value-added consumer program delivery for Orchard Supply Hardware (OSH) store locations. Orchard Supply Hardware is a division of Sears, Roebuck and Company.
The agreement specifies that IVI Checkmate will supply eN-Touch 1000(TM) customer-interactive touch screen and signature capture terminals for installation at OSH's checkout lanes. OSH will initially implement the eN- Touch 1000 customer-interactive touch screen and signature capture terminals for consumer-activated credit and online debit payment. OSH will also be implementing BIN management, which allows them to differentiate between a credit card or check card as it is being tendered. Using the eN-Touch 1000's touch screen capabilities, if a check card is tendered, OSH will have the ability to prompt the customer for their PIN (personal identification number), reducing their per transaction cost. OSH will implement signature capture in a later phase.
"OSH selected IVI Checkmate as its exclusive payment terminal supplier based on our industry leadership in multi-lane payment technology and our connectivity experience," stated Lloyd Baylard, Senior Vice President of Sales of IVI Checkmate's Retail Solutions organization. "The selection of IVI Checkmate provides Orchard Supply Hardware with a robust and versatile terminal for consumer payment with which they can expand to include signature capture, electronic couponing, targeted promotional advertising, and many other value-added services," added Baylard.
About IVI Checkmate
IVI Checkmate is the third largest electronic transaction solutions provider in North America. The Company designs, develops and markets innovative payment and value-added solutions that optimize transaction management at the point-of-service in the retail, financial, hospitality, healthcare and transportation industries. IVI Checkmate's software, hardware and professional services minimize transaction costs, reduce operational complexity and improve profitability for its customers in the U.S., Canada and Latin America. For more information on IVI Checkmate, please visit its web site at www.ivicheckmate.com.
This press release contains forward-looking statements to the safe harbor
created by the Private Securities Litigation Act of 1995. Management
cautions that these statements represent projections and estimates of
future performance and involve certain risks and uncertainties. The
Company's actual results could differ materially from those anticipated
in these forward-looking statements as a result of certain factors
including, without limitation, rapid and significant technological
developments that could delay the introduction of improvements in
existing products or of new products; the Company's dependence on its
limited suppliers and manufacturers of component parts of its products;
the Company's dependence on its proprietary technologies (which may be
independently developed by competitors); the Company's dependence on a
small number of large retail customers; the potential fluctuation in
financial results as a result of the Company's inability to make sales to
large customers as well as the volume and timing of bookings received
during a quarter and variations in sales mix; competition from existing
companies as well as new market entrants; the Company's dependence on key
personnel; and other factors that are contained in documents that the
Company files with the U S. Securities and Exchange Commission.>>>
SOURCE IVI Checkmate Corp.
CO: IVI Checkmate Corp.
ST: Ontario, Georgia
IN: CPR
SU:
05/31/2000 07:00 EDT prnewswire.com |
