Aether Systems and Euronet Worldwide Announce Partnership To Offer Secure, Reliable Wireless Financial Services.Business Editors/Hi-Tech Writers LEAWOOD, Kan. & OWINGS MILLS, Md.--(BUSINESS WIRE) Nov. 16, 2000- Customers Gain Ability to Manage Accounts and Conduct Transactions Any Time, Any Place With Added Feature of Personalized Alerts; Powerful ASP Environment Provides Rapid Time To Market Solution Aether Systems, Inc. (Nasdaq:AETH), a leading provider of wireless data products and services, and Euronet Worldwide Euronet Worldwide, EEFT (Nasdaq), is the largest independent Automated teller machine (ATM) acquiring network in Central/Eastern Europe. It was founded in 1994 by brothers-in-law Dan Henry and Mike Brown. Euronet purchased it's software solutions vendor, Arksys, in 1999. (Nasdaq:EEFT EEFT End-to-End Force Tracking ), a leading provider of secure financial transaction solutions, today announced a strategic alliance to create and market an expanding suite of wireless 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. products featuring anytime, anywhere access, quick deployment and - for the first time - personalized alerting capabilities in an end-to-end, ASP solution. Targeting financial institutions such as banks, credit unions, brokerages and mutual fund companies, Aether and Euronet offer account access and event messaging In IP telephony, any time the status of a call control device or end point changes, an event message is sent, such as asking for permission to drop the call. See IP telephony. services as a completely outsourced, wireless ASP solution which is powered by Euronet's Arrowz(TM0 Integrated Transaction Management system. Aether and Euronet manage every aspect of the integration between the financial institution's back-end systems and the wireless devices, including secure, reliable, high-performance connectivity to all major wireless carriers. Euronet was recently ranked number two on the Deloitte & Touche Technical Fast 500, a ranking of the fastest growing technology companies in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , making it the highest ranking software company on the list. The new products created by Aether and Euronet are immediately available and financial institutions interested in these services can be operational within 90 days. Once deployed, their customers can establish and maintain alerts to track their personal accounts and portfolios. Using a web-enabled phone and, ultimately, other devices such as personal digital assistants (PDAs) and pagers, customers are able to conduct secure, real-time transactions and access personal account information. The wireless event messaging capability is driven by the individual customer's preferences as established through their financial institution's website. Once activated, invaluable information such as account balances, confirmation of direct deposit to accounts, status of checks, or loan rates reaching specified targets is immediately presented to the user based on their personal specifications. "This is the strategic answer for banks and other financial institutions looking to quickly offer a full spectrum of wireless services to their customers," said George Davis George Davis may refer to:
The Bank of Cyprus Bank of Cyprus (CSE: BOCY ATHEX: BOC ), is a major Cypriot financial institution. History The company started off as "The Nicosia Depository" («Ταμιευτήριο η in Athens, Greece selected Euronet to provide wireless banking for its customers. "We were amazed a·maze v. a·mazed, a·maz·ing, a·maz·es v.tr. 1. To affect with great wonder; astonish. See Synonyms at surprise. 2. Obsolete To bewilder; perplex. v.intr. at how quickly and easily the system was implemented and integrated with other Euronet products installed at the bank," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Leonidas Isodiou, Group Companies Information Technology Manager at the Bank of Cyprus. "By implementing Euronet's wireless banking and event messaging we now offer service and convenience to our customers which is unmatched by any of our competitors." Aether and Euronet each provide valuable expertise and services to this new offering. Aether lends its expertise in wireless application hosting and development, end-user customer care, and airtime air·time n. 1. The time during which a radio or television station is broadcasting. Also called airspace. 2. The time at which a radio or television program is broadcast. and service agreements with all major wireless carriers. Euronet, meanwhile, is a global leader in delivering innovative software and integrated financial networks to assist financial institutions establish end-to-end secure electronic transaction Secure Electronic Transaction (SET) is a standard protocol for securing credit card transactions over insecure networks, specifically, the Internet. SET is not itself a payment system, but rather a set of security protocols and formats that enables users to employ the existing solutions. "Aether is the obvious technology leader in multi-platform wireless solutions. The rollout of this wireless offering marks a major milestone in our efforts to make on-the-go financial transactions a reality," said Mike Brown, Euronet Worldwide Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Together with Aether Systems, we have created a new standard in wireless financial services by making it possible for our client's customers to enjoy the convenience of secure access to their accounts anytime, anywhere - right from the palm of their hand." These new wireless services are immediately available for implementation and the two companies are jointly marketing these wireless products and services. About Aether Systems, Inc. Aether Systems, Inc. is a leading provider of wireless and mobile data products and services allowing real-time communications and transactions across a full range of devices and networks. Using its engineering expertise, the ScoutWare family of products including the Aether Intelligent Messaging An earlier messaging system from Banyan Systems that ran on NetWare and VINES servers and incorporated Banyan's popular Streettalk directory service. It included a basic mail program, which could be upgraded to the more advanced BeyondMail system. See ePresence. (AIM) software platform, and its network operations and customer care center, Aether seeks to provide comprehensive, technology-independent wireless and mobile computing Using a computing device while in transit. Mobile computing implies wireless transmission, but wireless transmission does not necessarily imply mobile computing. Fixed wireless applications use satellites, radio systems and lasers to transmit between permanent objects such as buildings solutions. Aether develops and delivers wireless data services across a variety of industries and market segments in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and internationally. About Euronet Worldwide Euronet Worldwide is a global provider of secure electronic financial transaction solutions. The company provides financial payment middleware, financial network gateways, outsourcing, and consulting services providing banks, financial institutions, and mobile operators the ability to provide their clientele access to their personal financial information and perform secure financial transactions - any time, any place. Arrowz(TM), the company's proprietary transaction management system, powers financial transaction solutions for over 250 clients in 60 countries as well as the company's processing centers located in the United States, Europe, and Indonesia. The company owns and operates the largest independent ATM network in Europe with corporate headquarters in Leawood, Kansas Leawood is a city in Johnson County, Kansas, United States and is part of the Kansas City Metropolitan Area. The population was 27,656 at the 2000 census. Geography Leawood is located at (38.920802, -94. , USA, and European headquarters in Budapest, Hungary. Additional information is available at the company's web site, www.euronetworldwide.com This press release includes forward-looking statements based on current expectations and projections about future events. These forward-looking statements are subject to a number of risks, uncertainties and assumptions about Aether that could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, the ability of Aether and Euronet to successfully integrate their technologies and business, the ability to offer services on a cost-effective basis and market acceptance of products developed by Aether and Euronet. These risks and other risk factors are described in Aether's report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. with respect to the fiscal year ending December 31, 1999 and other documents filed with the Securities and Exchange Commission. Aether undertakes no obligation to update the forward-looking statements contained in this press release. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion