Here is some old news on NTRN. This company is in the process of several acquisitions and the Plored merger is finished and will be announced next week along with other good news.
NTRN HAS THE POTENTIAL OF BEING A $10.00 BAGGER IN A COUPLE MONTHS!
National Transaction Network Announces BUYPASS Corporation Certification
PR Newswire, Friday, June 12, 1998 at 13:14
WESTBOROUGH, Mass., June 12 /PRNewswire/ -- National Transaction Network,
Inc. (NASDAQ:NTRN), the leader in "Reducing a Retailer's Cost of Payments",
announced today that it has certified its PINnacle(TM) Electronic Payment
System interfaced to the IBM 4690 Supermarket Application to BUYPASS
Corporation specifications. The certified solution uses International
Verifact, Inc. (IVI) C2000 Protege Customer Payment Terminals and supports a
dial protocol to BUYPASS. The certification includes credit, debit, and
Electronic Benefit Transfer (EBT) transactions.
The PINnacle(TM) Electronic Payment System provides retailers with
complete control over their in-store payment system, including multiple POS
and host processor interfaces, support for all payment and transaction types,
flexible transaction configuration and prompting, comprehensive reporting and
balancing, off-line and stand-in transaction support, and store and forward
capability.
The NTN certifications to BUYPASS confirm that the PINnacle(TM) Electronic
Payment System and the IBM 4690 Supermarket Application successfully
communicate accurate financial information between the point-of-sale terminal
and the BUYPASS transaction-processing switch.
"NTN has certified their PINnacle(TM) Electronic Payment System to our
specifications," stated Scott Plumblee, BUYPASS's senior vice president for
supermarket/major retailers. "With this certification, NTN can offer
retailers a comprehensive set of EFT interfaces through BUYPASS to communicate
with a greater number of credit, debit and electronic benefits transfer
networks."
Subsequent to the certification, NTN received orders for this system from
Canned Foods. NTN installed the PINnacle(TM) Electronic Payment System at
Oceanside Grocery Outlet in Oceanside, CA. Oceanside Grocery Outlet, a Canned
Foods store, is in San Bernardino County, which started processing EBT
transactions on April 1, 1998.
About BUYPASS Corporation
BUYPASS Corporation, headquartered in Atlanta, Georgia, is a major third-
party POS processor and debit transaction acquirer with annual transaction
volume of over 1 billion. BUYPASS provides processing for 50 of the top 200
grocery store chains in the United States. One out of every ten debit POS
transactions performed in the United States is processed by BUYPASS. BUYPASS
also has electronic benefits transfer (EBT) programs in 28 states and provides
gateway access to over 50 credit, debit and EBT gateways. Electronic Payment
Services, Inc., headquartered in Wilmington, DE, is the holding company for
BUYPASS and MONEY ACCESS SERVICE INC., operator of the MAC(R) ATM network.
About NTN
NTN, headquartered in Westborough, MA is a leading provider of both in-
store and retail host electronic payment systems. NTN's mission is to "Reduce
the Retailer's Cost of Payments", and it offers both systems and services to
enable retailers to improve the efficiency of their payments processing.
NTN's products support consumer electronic payments in more than 45,000 check
out lanes. Additional company information is available from info@ntninc.com.
NTN is the software solutions arm of parent company International
Verifact, Inc, International Verifact Inc. (TSE:IVI; NASDAQ:IVIAF) is
engaged in the design, development and sale of electronic payment solutions
for retailers, financial institutions, governments and other businesses. The
company's hardware and software products include solutions for point-of-sale
debit/credit/EFT/EBT terminals, check readers, smart card readers, POS
printers and secure PIN entry devices. Additional company information is
available at www.ivinet.com.
CHEERS!
WILLY |
