Checkmate Announces Largest Order To Date For Debit Terminals To Wal Mart.ROSWELL, Ga.--(BUSINESS WIRE)--April 15, 1997--Checkmate Electronics, Inc. (NASDAQ-NMS symbol: CMEL CMEL Center for Management and Executive Leadership (FAA) CMEL Comprehensive Monitoring Evaluation Log CMEL Centre for Medicine Ethics and Law CMEL Classical Motional Electric Law CMEL Compliance Monitoring and Enforcement Logs ), a leading developer of payment automation solutions, today announced another large receipt and shipment of debit A monetary amount that is subtracted from an account balance. A debit from one account is a credit to another. See credit. terminals to Wal Mart. These terminals will be used to facilitate consumer trends to debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. usage and government mandated Electronic Benefits Transfer transactions. "Wal Mart continues to set the pace for major multi-lane retail with its aggressive strategy of cost reduction throughout its store operations, while focusing on increasing overall customer satisfaction," stated Jerry P. Malec, president and chief executive officer. "We are excited about our strong relationship with Wal Mart. Our customer partnership continues to challenge us in the area of product evolution and price/performance. It is relationships like these that help us maintain Checkmate's leading position in this marketplace." "We continue to enjoy our partnership with Checkmate checkmate end of game in chess: folk-etymology of Shah-mat, ‘the Shah is dead.’ [Br. Folklore: Espy, 217] See : End ." stated Kevin Turner, vice president application development, Information Systems Division. "Checkmate has provided competitive, cost-effective products that are installed throughout our diverse operating environment In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. . As our relationship continues, we expect that our mutual companies will benefit." Checkmate's technology leads the industry in price/performance, quality and fraud detection for check, debit/ATM card, credit card, EBT EBT See: Earnings Before Taxes , SmartCard or signature capture point of sale terminals. Checkmate's connectivity solution provides a single platform integrated into a family of products. Customers can begin with one payment terminal and grow economically into all payment types with minimal additional investments in power and cable infrastructure. Checkmate is currently the only one-stop supplier of all payment automation terminals. CONTACT: Checkmate Electronics, Inc. John J. Neubert, COO/CFO/Senior Vice President 770-594-6000 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion