To: Bron-y-aur who wrote (1690 ) 12/3/1998 10:53:00 AM From: hsg Respond to of 3721
This thing has to go soon. Comments on this article? Hey, I just learned how to cut and paste (from other sources). pretty cool. EFT Report (EFPR) IVI CHECKMATE TO SUPPLY NCR WITH ARCHITECTURE FOR TERMINALS 12/02/98 (c) 1998 Phillips Business Information, Inc. Continuing its strong run of acquisitions and partnerships, point-of-sale equipment provider IVI Checkmate [CMIV] recently announced a three-year supply deal with NCR Corp. [NCR]. The $15 million arrangement calls for IVI Checkmate to provide its GEN4 architecture for NCR 5945 retail debit/credit POS terminals and have its eN-Touch 1000 terminal marketed under the NCR 5992 Signature Capture "Plus" name. Atlanta and Toronto-based IVI Checkmate, third in the North American POS market behind Santa Clara, Calif.-based VeriFone [HWP] and Phoenix-based Hypercom [HYC], makes up ground on the leaders even though the products will be branded under the NCR name. "The NCR relationship is very important because we will get more distribution," says IVI Checkmate President Barry Thomson. "Getting our name out is not that important. It's not the first time we have provided our technology for a private label. We provide the secure payment module for [Fort Wayne, Ind.-based] Tokheim [TOK] for payment at the [gas] pump. We've provided original equipment manufacturer technology for IBM [IBM]. ... It's a very important piece of our business." IVI Checkmate put several other pieces of its strategic puzzle together in November, acquiring Debitek Holdings Ltd. of Chattanooga, Tenn., a supplier of smart card and magnetic stripe card application program interfaces; and Plourde Computer Services of Dublin, Calif. Plourde designs software for companies using Windows NT. Plourde PaymentMaster modules manage electronic payments in multilane stores including Food Lion [FDLNA] and Kmart [KM]. NCR already promoted Plourde products. "This just ties in very nicely," Thompson says. The deal is seen as good for both sides. Dayton, Ohio-based NCR gets top-flight technology, while IVI partners with a company that has "10 times [more] salespeople in retail than they have," says NCR Product Manager Bert Nagy. "In the past, we have done all of our development in house," Nagy says. "We found there was a good synergy with the products that IVI Checkmate has with the requirements we have." "It's good for NCR because it reduces the amount of R&D they have to do on the devices," says Greg Busek, president of IHL Consulting Group of West Palm Beach, Fla. "They'll get a lower cost by having IVI Checkmate doing it. They can refocus the R&D and lower their manufacturing costs." (Greg Busek, IHL, 561/738-0773; Bert Nagy, NCR, 770/623-7447; Barry Thomson, IVI Checkmate, 416/245-6700.)