Printer Friendly
The Free Library
14,506,104 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

ATMs Cut the Cord to Local Phone Companies; NexTran Group Provides Less Costly Internet Connections at Three Times the Speed of Dial-up.


SOUTH HACKENSACK, N.J. -- The days of tapping your foot and waiting for an ATM to spit out Verb 1. spit out - spit up in an explosive manner
splutter, sputter

cough out, cough up, expectorate, spit up, spit out - discharge (phlegm or sputum) from the lungs and out of the mouth

2.
 your cash may just about be over.

NexTran Group, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 has introduced a new communications product for ATMs that provides reliable and fast ATM connections using a simple Internet protocol See Internet and TCP/IP.

(networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol.
 called IP, or wireless connections.

The new product, sold by NexTran Group's processing company, Innobeta Systems, can reduce costs by 30 percent and process transactions three times faster, say customers who have used the product.

"We're no longer at the mercy of local phone companies," said Tom Ronalo, president of ATM Cash World, a leading Pittsburgh-based ATM seller and installer. "In addition to significantly reducing our monthly expenses, ATM installations are easier and we save about $300 per install."

The Innobeta product, the Transexpress 4000, enables standard dial-up ATMs to send transactions using IP, said Eric Park, president of Innobeta. "The solution requires no change to existing ATMs," he explained.

Park called Transexpress 4000 the "ideal choice" for ATM operators who provide mobile ATMs for such events as fairs, concerts, and other temporary locations.

About Transexpress 4000

The Transexpress 4000 is an Innobeta-certified device that enables standard dial-up ATMs to send transactions using Internet protocol. The package includes handsets, minutes and necessary hardware. Internet connectivity is provided through Transaction Network Services, Inc. (TNS TNS

transcutaneous neural stimulation.
), Verizon and Nextel.

About NexTran Group, LLC

The NexTran Group, LLC is a diversified portfolio of affiliate companies covering the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
, security, and Internet market segments. These affiliates include NexTran Industries, Inc., a manufacturer and distributor of automated teller machines automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. , or ATMs; Innobeta Systems, Inc., a processors of ATM transactions; Money Marketing, Inc. a sales and service support company for ATM deployers and independent sales organizations This article or section deals primarily with the English-speaking world and does not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
; Bio Security Technology LLC, a distributor of access control devices for home and business; and, iNextNet, a distributor of public Internet and wireless services.

About Innobeta Systems, Inc.

Innobeta Systems, Inc. provides 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.
 and ATM terminal driving services for financial institutions and independent sales organizations. Innobeta provides connectivity for ATMs to most national and regional financial networks via direct connects or gateways. Innobeta utilizes secure Web-based communications to allow for real-time monitoring of transaction traffic. This provides the ability to manage data in real time, increasing security and providing a better toolset for managing data. The Innobeta platform is an open architecture that allows continuous availability, hardware independence and transaction security.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Oct 21, 2005
Words:400
Previous Article:Nonni's Food Company Acquires Mamma Says.
Next Article:Citigroup Closed-End Funds Announce Adjournment of Special Meetings of Shareholders.
Topics:



Related Articles
Methods of connecting.(Webcasting)(Internet connection via telephone, cable, satellite or broadcast TV signals)(Brief Article)
The promised bandwidth.
Broadband is a complex issue. (Service Spotlight).
Remote--but connected: how to link all your far-flung computers to the office.
Ready, set, go! Tools you need to telecommute. (Your Portable Office).(Brief Article)
Volo Launches Industry's First Wholesale Packet Voice Service Platform for Carriers, ISPs & Cable Companies With Pricing as Low as $5/Mo.
Primus Canada Partners With Telica to Pioneer VoIP Services Throughout Canada.
Cut the cord: going wireless opens a whole new way of doing things.(Wireless Technology)
goo Research Announces Results of Survey on How Internet, Landline and Mobile Phones are Used.
Faster, Cheaper ATM Transactions at More Locations--Innobeta Systems Selects Ventus Networks for Secure Wireless Services.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles