Expanded article from PRNewswire:
Attention Business Editors/See CP Wire Photo: IVI Checkmate Launches New Touch Screen-based, Internet-capable Point-of-sale Terminal with Royal Bank
New touch screen payment terminal can support value added Internet applications such as advertising, loyalty, coupon issuance, e-mail, merchant home pages and more
ATLANTA/TORONTO, April 4 /CNW-PRN/ - IVI Checkmate Corp. (NASDAQ: CMIV); (TSE: IVC/IVI) today announced its entry into the sophisticated, dial-up Internet capable point-of-sale (POS) payment terminal market with the launch of its eN-Touch 3000. The eN-Touch 3000 is a touch screen transaction terminal capable of handling secure credit, debit, EBT, smart card payments and value added Internet applications such as advertising, loyalty, coupon issuance, e-mail and merchant home pages. Initial distribution of the eN-Touch 3000 will be through Royal Bank for their merchant customer base.
The eN-Touch 3000 is a highly unique transaction terminal that will transcend the traditional transaction model to one that has vast potential to take advantage of the Internet's "new economy" status. Its compact, all-in-one design that incorporates a thermal printer, stored value (smart card) capabilities and a large back-lit touch screen allows for a multitude of applications to be performed quickly and easily. The high-speed modem in the eN-Touch 3000 provides fast communications over the Internet. Additionally, the open software development environment and large memory that is easily upgradeable provide a platform for various unique applications never before seen on a store level transaction terminal. These applications can include web browser, marketing research, cash register functions, loyalty applications, bill payments, wholesale ordering, on-line help functions and more.
"We see the eN-Touch 3000 primarily as a tier three retail solution. By that we mean the small retailer who has only one or two payment terminals in their store. These merchants wish to have much of the sophistication of the tier one and two retailers, but can't afford to support such sophistication. The eN-Touch 3000's design is such that IVI Checkmate or third party software developers can add value through unique applications connected through the Internet. This allows the software developers the ability to build a strong business case to develop solutions for a product such as the eN-Touch 3000 as there are over 350,000 dial terminals installed in Canada alone", says Geoff Bowen, Executive VP and General Manager of IVI Checkmate's Canadian division.
The eN-Touch 3000 has been in use since December 1999 at Crabtree & Evelyn locations in Toronto and London, Ontario. Additional devices are also being deployed to other merchants in Toronto and Montreal, Quebec.
"The new SmartSELECT goes beyond traditional debit and credit card processing and opens up a whole new world of electronic marketing and other enhanced features for our small and large retail clients," says Frank Moore, Royal Bank's vice-president of merchant services and point of sale. "Royal Bank, through its wholly owned subsidiary Ernex Marketing Technologies Inc., is bringing these new electronic marketing programs to retailers today."
"With this new device, we have the opportunity to move beyond simple card payment processing to true information processing, in a compact stand-alone point-of-sale terminal," added Moore. "This is the point-of-sale platform for the future."
The eN-Touch 3000 is also seen as a product that will enable the financial institutions that distribute payment terminals to reduce their support costs dramatically. This will be done through the use of visual help screens on the terminal, as well as through superior diagnostic capabilities enabled through the TCP/IP communications capability of the terminal. The banks could use simple browsers such as Internet Explorer or Netscape to virtually see what is happening at the terminal level at all times, making the communications with the customer at the other end much clearer and easier to understand.
The introduction of the eN-Touch 3000 follows IVI Checkmate's recent announcement to market IP capable protocol converters that transform legacy payment systems into Internet capable systems, which would allow tier one and tier two merchants to take advantage of the Internet's ability to lower costs, and increase functionality and service levels at the store.
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, travel & entertainment, 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, visit its web site at www.ivicheckmate.com.
IVI Checkmate/Royal Bank B-Roll feed will be available by satellite between 13:30-14:00 EDT at the following coordinates:
ANIK E2, C-Band, Transponder 3B, Audio 6.2 & 6.8
Dome Transmit 2, DPA 9
/NOTE TO PHOTO EDITORS: a photo accompanying this release is available on the Canadian Press Photo Network/
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.
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SOURCE: ÿIVI Checkmate Corp.
CONTACT: ÿL. Barry Thomson, President & CEO, IVI Checkmate Corp., 770-594-6000; John J. Neubert, CFO/Executive Vice President, IVI Checkmate Corp., 770-594-6000; To request a f
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