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. |
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