@pos Awarded Debit Project Contract for Federated Department Stores, Inc.; Online Debit Transaction System to Enhance Customer Service.Business Editors/High-Tech Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--July 31, 2001 @pos (www.atpos.com, OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: EPOS (Electronic Point Of Sale) See point of sale. ), a leader in secure, interactive electronic transaction technologies today announced the launch of an initiative to implement online debit capabilities at 34,000 point-of sale-locations within Federated Connected and treated as one. See federated database and federated directories. Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , Inc. This comprehensive rollout calls for the installation of new and enhanced @pos' debit-ready iPOS 3100 transaction devices for all of Federated's 450 store locations. The iPOS 3100 already delivers signature capture functionality for Federated and this program will add a virtual pin pad to the device that will allow the addition of online debit functionality. Federated has successfully offered online debit capabilities in its Macy's Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. store since October 2000. Rollout of iPOS 3100 devices for the Federated installed base is planned for completion prior to the beginning of the holiday season. The addition of online debit functionality allows Federated to substantially lower its transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. costs for a significant percentage of its transactions -- the result is a rapid return on their investment for the estimated $7 million project. Sales associates will increase their selling time by reducing transaction length and customers now have another convenient payment alternative. In addition, Federated benefits from @pos' secure transaction technology and PIN security to provide a secure environment for its customers. "The iPOS 3100 offers significant opportunities for retailers to reduce transaction processing expenses, meet customer needs by providing flexible payment options and support one-on-one customer interaction," said Llavan Fernando, Chief Executive Officer for @pos. "Federated has consistently led the industry by implementing state of the art systems to serve its customers. Our long and successful relationship with this leading retailer has allowed @pos to identify customer requirements early and respond with the technology to meet those needs." The iPOS 3100 has been an industry standard in point-of-sale technology since 1998. Features contained in the device include signature capture, touch screen PIN entry, built-in magnetic stripe A small length of magnetic tape adhered to credit cards, badges, permits, passes and tokens. The tape is read by magnetic stripe readers incorporated into ATMs, identification readers and payment terminals. reader, and a fully programmable display for customized text and graphics. The terminal integrates with open platform-based transaction systems such as DOS, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Flex OS or Windows. RS-232 and RS-485 connectivity options offer maximum flexibility for host system configuration and interfacing to a cash register. About @pos @pos (OTC BB:EPOS) is a leader in secure, interactive electronic transaction technologies. The company delivers technologies that include signature capture pads, web-enabled platforms, smart card interfaces, and encryption engines supporting DES and Triple DES See DES. (cryptography) triple DES - A product cipher which, like DES, operates on 64-bit data blocks. There are several forms, each of which uses the DES cipher 3 times. Some forms use two 56-bit keys, some use three. The DES "modes of operation" may also be used with triple-DES. , in addition to offering an extensive suite of software tools. @pos currently markets its products to the retail, government and banking segments for applications that include electronic signature capture, debit and credit payments. For more information, see www.atpos.com, email to info@atpos.com, or call 408/468-5400. About Federated Department Stores, Inc. Federated, with corporate offices in Cincinnati and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , is one of the nation's leading department store retailers, with annual sales of more than $18.4 billion. Federated currently operates more than 450 stores in 34 states, Guam and Puerto Rico under the names of Macy's, Bloomingdale's, The Bon Marche, Burdines, Goldsmith's, Lazarus and Rich's, as well as macys.com, bloomingdales.com and Bloomingdale's By Mail. Federated also operates the Fingerhut catalog and e-commerce subsidiary. Additional information is available online at www.federated-fds.com. Except for historical information contained herein, the matters set forth in this press release are forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially, including price and product competition, design acceptance by customers, financing constraints, the ability to manufacture new products in sufficient volume, general economic conditions, and other risks as detailed from time to time in SEC reports and filings by @pos inc. |
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