Follow-up "good stuff", hsg...
News March 02, 07:01 Eastern Time
IVI Checkmate Announces Formation of Its e(N)-Concert Solutions Business Unit -- Organization to deliver e(N)-to-e(N) transaction management and value-added solutions to large and medium sized chain retailers
ATLANTA, GA/TORONTO, Mar 2, 2000 /CNW-PRN via COMTEX/ -- IVI Checkmate Corp.
(NASDAQ: CMIV); (TSE: IVC/IVI) today announced the formation of its e(N)-Concert
Solutions(TM) division, the largest organization of its kind in the payments
industry. The organization offers integration services and custom development of
e(N)-to-e(N) Transaction Solutions(TM) for supermarket, mass merchandiser,
discount store, department store and specialty retail chains. e(N)-to-e(N)
Transaction Solutions is a comprehensive suite of hardware, software,
Internet-based services and professional services that enable retailers to
reduce their cost of business and drive incremental sales through targeted
promotions and value-added services that are delivered to the point of purchase.
The e(N)-Concert Solutions division was formed as a result of integrating all of
IVI Checkmate's retail store and enterprise-level software products with custom
software development and professional service activities. By integrating these
products and people into one organization, IVI Checkmate has improved
operational efficiencies and is better able to focus its resources to serve
retail chains. In addition to providing solutions that manage traditional retail
store payment, e(N)-Concert Solutions has positioned itself as an Application
Service Provider (ASP) to assemble "best-in-breed" value-added retail customer
services which are delivered through the Internet to the point-of-purchase. To
implement these solutions and services, e(N)-Concert Solutions has built an
organization which includes some of the most experienced and knowledgeable
systems engineers, sales support and business analysts in the payment
transaction industry.
Barry Thomson, President and CEO of IVI Checkmate, stated, "e(N)-Concert
Solutions is the organization that is transforming IVI Checkmate from what was
once a provider of hardware terminals into a value-added supplier of
comprehensive store and enterprise level transaction systems. e(N)-Concert
Solutions positions IVI Checkmate to leverage our leadership position in the
large retail market segment. Many of these retailers already have our check
readers, debit/credit terminals and store level payment management applications,
which have greatly contributed to reducing fraud, improving customer service and
lowering their cost of payments. Combined with our experience in systems
integration and security, IVI Checkmate is now able to help retailers implement
comprehensive payments and value-added systems to take control of the payment
process and further lower their cost of business while increasing their value in
the eyes of their customers."
Don Sieb, Executive Vice President of IVI Checkmate's e(N)-Concert Solutions
division, stated, "e(N)-Concert Solutions is delivering solutions and services
that address two important concerns of each retailer with which we speak, 'How
do I better manage the payment process?' and 'How do I get closer to my
customer?'. These have been difficult questions for many retailers to answer
with the disparate store systems, network technologies and host systems that
they have installed. IVI Checkmate's e(N)-Concert Solutions is the only
organization with the experience and the tools to deliver proven and
comprehensive transaction management solutions that are seamlessly integrated
with the retailer's legacy systems. The professional services people of
e(N)-Concert Solutions help retailers to locate "points of pain", provide a
return on investment and implement solutions that make the payment process far
more cost-effective and efficient. Most importantly, by assembling a portfolio
of Web-enabled services that are seamlessly integrated in the retailer's
enterprise, e(N)-Concert Solutions opens the door for retailers to greatly
enhance the customer-retailer relationship."
About IVI Checkmate's e(N)-Concert Solutions
IVI Checkmate's e(N)-Concert Solutions organization has prepared a comprehensive
and versatile set of application solutions, Internet-based management services
and professional services that enable retailers to better manage the payment
process and reduce operating costs. It is part of IVI Checkmate's e(N)-to-e(N)
Transaction Solutions(TM) strategy, which enables a retailer to combine consumer
payments with targeted personalized consumer marketing programs delivered to the
point of service using innovative, intuitive, and graphical user interfaces.
e(N)-to-e(N) Transaction Solutions provide a foundation for message management
and value-added services that transcends the store reaching throughout the
retailer's entire enterprise, allowing retailers to seamlessly integrate new
payment types and innovative targeted consumer marketing programs with existing
legacy systems and networks.
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. For more information on IVI Checkmate, visit its
web site at ivicheckmate.com.
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.
SOURCE IVI Checkmate Corp.
(C) 2000 PR Newswire. All rights reserved.
http://www.prnewswire.com
CONTACT: L. 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 free copy of this organization's annual report, please go to
www.newswire.ca and click on reports@cnw.
(IVC. IVI. CMIV) |
