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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (18998)11/24/1998 1:13:00 AM
From: Toni Wheeler  Read Replies (1) of 120523
 
CMIV...

NCR and IVI Checkmate Reach Multi-Year Agreement Estimated to be Over $15 Million

ATLANTA and TORONTO--(BUSINESS WIRE)--Nov. 23, 1998--

Partnership Agreement will position IVI Checkmate as Preferred Payment

Terminal Provider

IVI Checkmate Corp. (NASDAQ: CMIV); (TSE: IVC/IVI) today announced
a three year agreement with NCR Corporation (NYSE: NCR) estimated to
be over $15 million.

The agreement specifies that IVI Checkmate will manufacture and
supply, using IVI Checkmate's GEN4 fourth generation architecture, the
key technologies of the NCR 5945 retail debit/credit terminal and the
NCR 5992 Signature Capture "Plus" electronic payment terminal. The
terminal products and supporting software will be sold as part of NCR
retail solution offerings through NCR's direct and indirect sales
channels, replacing existing electronic payment products in NCR's
retail product family. Both companies stated that the agreement is an
initial step in formulating a long-term partnership that will provide
additional revenue opportunities in retail and other markets that are
common to the two companies.

"Our objectives for the new NCR electronic payment terminals
included meeting retailers' requirements for a flexible, upgradeable,
and easy-to-use platform that enhances the overall value of their
store solution," said Fred Hutcheon, Assistant Vice President, POS
Systems, in NCR's Retail Solutions Group. "By leveraging the GEN4
product architecture and technology of IVI Checkmate in the design of
the NCR 5945 and NCR 5992, we meet our objectives and achieve a
significant technology refresh."
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