Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Research In Motion - RIM.T -- Ignore unavailable to you. Want to Upgrade?

To: Offshore who wrote (684)	3/11/1999 8:17:00 PM
From: Ron Schier	Read Replies (1) \| Respond to of 848

BW1250 MAR 11,1999 9:00 PACIFIC 12:00 EASTERN ( BW)(NJ-BELLSOUTH/VERIFONE)(HWP) BellSouth Wireless Data and HP's VeriFone to Deliver State-of-the-Art Wireless Point-of-Sale Solutions Business Editors WAIKOLOA, Hawaii--(BUSINESS WIRE)--March 11, 1999-- Companies to Bring the Speed, Convenience and Security of Wireless Electronic Payment to Millions of Businesses and Consumers Nationwide BellSouth Wireless Data, a leading provider of wireless data communications solutions, and VeriFone, Inc., a division of Hewlett-Packard Company (NYSE:HWP) and the global leader in secure electronic payment systems, today announced that they will enter into a strategic alliance to develop state-of-the-art wireless point-of-sale (POS) solutions. BellSouth Wireless Data and VeriFone will be collaborating to develop end-to-end, seamless solutions for processing wireless credit and debit card transactions over the BellSouth Intelligent Wireless Network(sm). The products will be introduced this year. Wireless POS will enable merchants to unlock new sales opportunities by giving them the portability to conduct business, without depending on the availability of phone lines. Whether in a parking lot at a major event or in the office of a client, a merchant will be able to process wireless credit card purchases in less than 10 seconds. "The alliance between VeriFone and BellSouth Wireless Data will combine the reliability and technological strength of one of the nation's most advanced payment systems providers with the power and performance of the nation's leading wireless data network," said Lew Blumstein, BellSouth Wireless Data's vice president, industry marketing. "We are proud to be the network of choice to bring VeriFone into the world of wireless." "Through our alliance with BellSouth Wireless Data, we will be able to offer wireless payment solutions that allow businesses to deliver the ultimate in personal service--bringing payment directly to the customer," said Pierre-Francois Catte, vice president and general manager of VeriFone's Appliance Systems Division. "These wireless solutions provide retailers convenience and speed on the countertop, as well as the essential mobility needed for portable payment applications." The BellSouth Intelligent Wireless Network is ideal for conducting wireless credit and debit card transactions because of features such as seamless, nationwide coverage, low latency, reliability, and guaranteed confirmation of transactions. As the global leader in secure payment systems, VeriFone has delivered more than seven million POS payment systems. VeriFone has consistently expanded the market for its products by developing economical, highly reliable, easy-to-use solutions. About HP's VeriFone VeriFone, Inc. (www.verifone.com), is a division of the Hewlett-Packard Company (NYSE:HWP) and the leading global provider of secure electronic payment systems for financial institutions, merchants and consumers. VeriFone has shipped more than seven million payment systems used in over 100 countries. About BellSouth Wireless Data BellSouth Wireless Data, L.P, headquartered in Woodbridge, N.J., is an expert in providing proven wireless data communications solutions that eliminate the barriers between critical information and mobile users. The company, a winner of the prestigious Sears Innovation Source of the Year and Partners in Progress awards for 1997, delivers a competitive advantage and increases personal productivity for aggressive, innovative companies and individuals leveraging communications technologies to meet their strategic goals. BellSouth Wireless Data operates its wireless data service throughout the United States, covering more than 93 percent of the urban business population located in 266 metropolitan areas with a total population of 200 million people. BellSouth Wireless Data is a subsidiary of BellSouth Corporation, which provides telecommunications, wireless communications, cable and digital TV, directory advertising and publishing, and Internet and data services to nearly 34 million customers in 19 countries worldwide. E-mail: bellsouthwd.info@bellsouthwd.com. Web site address: www.bellsouthwd.com. --30--rc/ny* CONTACT: HWH for BellSouth Wireless Data Russ Rowland or Chris Loncto (212) 355-5049 russr@hwhpr.com or chrisl@hwhpr.com or Copithorne & Bellows for VeriFone, Inc. Brent Curry (415) 975-2262 brent.curry@cbpr.com KEYWORD: HAWAII NEW JERSEY INDUSTRY KEYWORD: TELECOMMUNICATIONS COMPUTERS/ELECTRONICS COMED Do you think there's a good chance that RIM's OEM radio modems will go in these? rim.net rim.net Ron