Catuity Receives VeriFone 2002 Innovation Award.Business Editors/Technology Writers Catuity, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CTTY CTTY Control Teletype CTTY Console Teletype ; ASX ASX See: Australian Stock Exchange : CAT), a leading provider of loyalty software for merchants, transaction processors and payment card issuers, has been named a winner of the VeriFone 2002 Innovation Award. This award recognized achievement in the development and implementation of value-added applications that leverage VeriFone Inc.'s electronic payment solution. The goal of the VeriFone 2002 Innovation Awards is to identify and showcase value-added applications that help payment service providers attract new merchants, improve merchant retention, generate new revenue streams and lower the total cost of ownership. Catuity, recognized for its loyalty applications, was selected as one of the most innovative solutions by a panel of VeriFone executives. The presentation of the award took place recently at the Global VeriFone International Partners Forum in 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. . In a letter to Catuity, Doug Bergeron, 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. of VeriFone, noted: "We are delighted to recognize Catuity as a recipient of a VeriFone Innovation Award. Clearly, your solution is an outstanding example of innovation in action, demonstrating how the multi-app architecture enables you to create solutions that add value to a merchant's POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale solution and generate new revenue opportunities for payment services providers." "Catuity is honored to be recognized in this manner by VeriFone," stated Michael V
Michael V the Caulker or Kalaphates (Greek: Μιχαήλ Ε΄ Καλαφάτης, . Howe, President and CEO of Catuity. "For the past several years, Catuity has worked closely with VeriFone in promoting customer loyalty in the marketplace - particularly among those who use the VeriFone terminals. We look forward to our continued work together." About Catuity, Inc. Catuity, Inc. is a leading provider of application software that allows merchants, transaction processors and payment card issuers to establish and administer customer incentive and loyalty programs integrated to the payment system at the point of sale. Catuity Loyalty Software can be used by a broad range of sellers of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. , particularly those who sell both through store locations and over the Internet. Catuity's software has been included on millions of credit, charge and debit cards, and works on both magnetic stripe and chip or "smart" cards. With Catuity's loyalty solution, merchants can offer their customers valuable benefits, thereby attracting and retaining customers as well as encouraging increased purchase. More information on Catuity is available at its website: http://www.catuity.com. About VeriFone, Inc. VeriFone, Inc. (http://www.verifone.com), recognized worldwide as the trusted leader in secure electronic payment technologies, provides expertise, solutions and services for today with a smart migration strategy for tomorrow. VeriFone is leading the industry in the delivery of solutions that add value to the point of sale, resulting in improved merchant retention and the generation of new sources of revenue for its partners and customers. VeriFone solutions are specifically designed to meet the needs of vertical markets including financial, retail, petroleum, government and healthcare. VeriFone has shipped over ten million electronic-payment systems, more than twice the number of its nearest competitor. In conjunction with the provisions of the "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " section of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, this release may contain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations. All such forward-looking statements are necessarily only estimates of future results and there can be no assurance that actual results will not materially differ from expectations. Further information on potential factors that could affect Catuity, Inc. is included in the Company's 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. , which is filed with the U.S. Securities & Exchange Commission. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion