CMIV has RESPONDED to THAT!!...:
IVI Checkmate, Royal Bank, Soft Tracks and TELUS Mobility Bring Convenience of Payment Debit and Credit Cards to Mobile Food, Beverage and Souvenir Kiosks at BC Place
ATLANTA/TORONTO--(BUSINESS WIRE)--Nov. 29, 1999--IVI Checkmate Corp. (Nasdaq: CMIV); (TSE: IVC/IVI) today announced that its Elite 780RF mobile transaction terminal was used at the Grey Cup Game, Canada's version of the Super Bowl, this past Sunday. Grey Cup fans taking part in the festivities at BC Place in Vancouver required no cash to enjoy refreshments and snacks thanks to IVI Checkmate's new wireless point-of-sale technology that accepts on-line debit and credit transactions. These terminals will be used on a continued basis for special events at BC Place.
"IVI Checkmate is leading the way with a truly portable, all-in-one payment solution that allows transactions to be processed anywhere a data cellular network signal is present," says L. Barry Thomson, President and Chief Executive Officer of IVI Checkmate. "With this added flexibility, consumers will enjoy the use of their debit or credit cards at a sporting event, through home delivery or anywhere they need to pay for goods or services. Retailers are also looking at this form of transaction as it reduces wiring and costly telephone line installations."
"When large events such as the Grey Cup come to BC Place, it's important that we be able to increase our operations significantly to accommodate the increase in traffic and sales volumes at our concessions throughout the stadium," says Howard Crosley, General Manager of BC Place. "These new point-of-sale devices allow us the flexibility to move around and still be able to accept debit and credit card transactions on the spot. Beyond eliminating the need for cash, these units process transactions fast. That means less waiting for our fans, and less work at the end of day for reconciliation."
"With wireless point-of-sale technology, we've made it easier for our merchant clients to accept credit and debit card payments no matter where they are," says Frank Moore, Vice President, Merchant Services at Royal Bank. "With cards outranking cash as Canadians' favorite way to pay, it is important to offer consumers and businesses the convenience of mobile payment solutions."
"Our expertise in Enterprise Solutions provided the foundation for our `next generation' wireless point-of-sale technology," says Juliana Cafik, President and CEO of Vancouver-based Soft Tracks. "Our understanding of merchants' back-end systems allowed us to take an approach that solves their reporting problems and provides the benefits of a mobile cash register while away from the traditional store-front. Since wireless coverage in concrete structures like BC Place is also a challenge, Soft Tracks has developed a special protocol that allows quick and efficient transaction processing on the Cellular Digital Packet Data (CDPD) network."
"Wireless Point of Sale is a significant part of the growing trend for companies to utilize wireless technology, not only for voice communications but for new and innovative data based applications as well," said Neil Cusati, Vice President, Wireless Business Units, TELUS Mobility. "TELUS Mobility will continue to play a lead role in that evolution with our Cellular Digital Packet Data network in British Columbia and Alberta. We are proud to be partnering with Royal Bank, Soft Tracks and IVI Checkmate to deliver wireless point-of-sale solutions to our customers such as BC Place."
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 website at www.ivicheckmate.com.
Royal Bank (RY) is a global financial services group and a leading provider of personal and commercial banking, insurance products, wealth management, and corporate and investment banking. The bank and its key subsidiaries Royal Trust, RBC Dominion Securities, RBC Insurance, and Royal Bank Action Direct have approximately 52,000 employees (on a full-time equivalent basis) serving 10 million clients through more than 1,400 branches and offices in over 30 countries.
Soft Tracks is a leader in integrated software solutions and service for the resort industry in North America. Its expertise in Enterprise Solutions provided the foundation for the development of SkyPay as a wireless point-of-sale solution that meets the needs of enterprise merchants. SkyPay is supported by major telecommunication companies and financial institutions in North America to enable secure and reliable payment transactions over wireless data networks. Soft Tracks' web site is at www.softtracks.com.
TELUS Mobility is the wireless division of TELUS, Canada's second largest telecommunications company. TELUS provides a full range of advanced communications services and products connecting Canadians with the world. TELUS shares trade on the Toronto and Montreal stock exchanges under the stock symbols BTS (Common) and BTS.A (non-voting). For further information on TELUS, please visit its website: www.telus.com.
NOTE TO EDITORS: This press release contains forward-looking statements subject to the safe harbor created by the Private Securities Litigation Reform 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.
CONTACT:
IVI Checkmate
L. Barry Thomson, 416/245-6700 or 770/594-6000
or
John Neubert, 770/594-6000
or
BC Place
Ray Leblond, 604/482-2225
or
Royal Bank
Kristjana Hawthorne, 604/668-2651
or
Soft Tracks
Shane Gray, 604/214-6641
or
TELUS Mobility
Kathy Dolan, 403/530-1305
KEYWORD: GEORGIA INTERNATIONAL CANADA
BW1259 NOV 29,1999
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