UniComp Announces Certification Of Its POS Systems For Handling
Electronic Benefits Transactions (EBT)
MARIETTA, Ga.--(BUSINESS WIRE)--May 16, 1996--UNICOMP, INC. (NASDAQ:UCMP
) today announced with its subsidiary, Smoky Mountain Technologies, Inc.
(SMT), that SMT's POS system for multi-lane stores has been certified by
Concord/EFS for EBT transactions.
EBT is already operating in several states, and will be implemented in
most states during 1997. As part of the national drive to streamline
government, EBT replaces manual issuance of paper food stamps with
electronic distribution of benefits. Benefit recipients are issued a
magnetic stripe card, similar to a credit card, to enable access to
their benefits.
As each state introduces EBT, food merchants in that state are required
to add or upgrade systems to handle these electronic payments. Over
30,000 supermarkets and 50,000 convenience stores nationwide will
ultimately be affected. SMT's system can provide these merchants with an
integrated system supporting credit card, debit card, check
authorization, frequent shopper, and EBT transactions. Also, upgrading
to an SMT system will ensure that these merchants' payment systems are
year 2000 compliant.
Concord/EFS is a leading processor providing retailers with electronic
processing for credit, debit, check, and EBT transactions. Certification
of SMT on Concord's system makes it possible to use SMT systems
immediately to meet retailers EBT needs in Kansas, Missouri, Louisiana,
Alabama, Connecticut, Massachusetts, and Colorado.
``This certification opens up significant new markets for SMT,''
according to Stephen A. Hafer, President and CEO of UniComp. ``We are
very excited about the revenue opportunities in this area as these
merchants upgrade their systems to meet the new EBT requirements.''
``We are glad to add SMT systems as a way for retailers to access our
services,'' stated Tony Greaves, President of Concord. ``SMT's systems
are ideal for many of the multi-lane retail environments that are part
of our target market.''
UniComp, Inc. develops, markets and supports platform-migration,
application and payment processing systems for Windows NT and UNIX-
based computer systems and point of transaction processors worldwide.
The Company licenses its technology to a cross section of industries
including manufacturing, distribution, transportation, public-sector,
point of sale and transaction processors. Additionally, the Company
provides installation, training, systems integration, support and
millennium services, serving a worldwide network of end user customers,
dealers and distributors. Please visit our world wide web site at
unicomp.com for further information on UniComp.
Except for the historical information contained herein, the matters
discussed in this news release are forward looking statements that
involve risks and uncertainties, including timely development and market
acceptance of its open systems products, upgrades to existing products,
the impact of competitive products, and pricing, and the other risks
detailed from time to time in the Company's publicly available reports. |
