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Technology Stocks : IVI Checkmate (CMIV) -- Ignore unavailable to you. Want to Upgrade?

To: hsg who wrote (3606)	7/11/2000 10:07:53 AM
From: hsg	Read Replies (1) \| Respond to of 3721

IVI Checkmate and Ten Square form strategic partnership to provide secure Internet broadcasting system for retailers -- Partnership will leverage IVI Checkmate's Application Service Provider Initiative, Transaction Management Leadership and Integration Expertise -- ATLANTA, GA/TORONTO, July 11 /CNW-PRN/ - IVI Checkmate Corp. (NASDAQ: CMIV - news); (TSE: IVC/IVI) today announced it has formed a strategic partnership with Ten Square of San Jose, CA., to jointly provide a secure Internet broadcasting system for consumers promotions and services in retail stores. The offering is targeted to local, regional and national retailers, financial institutions and service providers. Ten Square's secure Internet broadcasting system links local merchants directly within their geographic community by providing promotions and services tailored to their customers, creating a ``digital neighborhood''. IVI Checkmate provides the integration services and Application Service Provider (ASP) model needed to implement the Internet broadcasting system in retail store locations. The resulting system delivers value-added consumer services and targeted promotions that improve customer loyalty while creating a new revenue stream for participating retailers. Customers receive personalized promotions and service offerings at different points of influence when visiting participating retailers, financial institutions and convenience/petroleum locations. The partnership positions Ten Square to leverage IVI Checkmate's interactive touch screen terminal family, enterprise-wide transaction management applications and integration services to provide interactive digital media at retail point-of-service counters and throughout the store. The Ten Square and IVI Checkmate partnership will provide significant value- added benefits and an easy-to-implement migration path to Internet-based interactivity for participating businesses. Ten Square's applications will be available to IVI Checkmate's extensive retail customer base through IVI Checkmate's direct and indirect distribution channels. Scott Slinker, President and CEO of Ten Square, stated, ``IVI Checkmate's e(N)-to-e(N) Transaction Solution strategy is Ten Square's gateway to retail point of service. Their integration experience and professional services organization makes them the ideal partner to implement and deliver promotional, informational and community services content to retail stores.'' Barry Thomson, President and CEO of IVI Checkmate stated, ``This is the first of many announcements we will make with key Internet-based content suppliers that will leverage our retail ASP model to deliver targeted promotions, messaging and advertising to the retail store. By fostering a closer relationship with the consumers, retailers are better able to allocate marketing dollars while driving incremental sales. The result is a far more efficient and profitable business.'' Thomson added, ``Ten Square's Internet- based broadcasting system provides IVI Checkmate with a quality offering that will greatly benefit our customers.'' About Ten Square Ten Square provides a secure, Internet-based broadcasting system, that takes advantage of existing network infrastructures to deliver interactive digital media right to where consumers shop, including promotional, informational, and community service messages. Ten Square links local merchants within a community by providing applications and services tailored to their customers' interests, creating a digital neighborhood. For more information, please visit www.tensquare.com or by phone at 408.885.1877.