Checkmate and NPC sign reseller agreement for Payment System 2000 "family of products".ROSWELL, Ga.--(BUSINESS WIRE)--Jan. 16, 1996--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 ) today announced a reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. agreement whereby National City Processing Company (NPC 1. (complexity) NPC - NP-complete. 2. (architecture) NPC - Next Program Counter. ) of Louisville, Ky. will remarket Checkmate's entire "family of products" into the retail, financial, and hospitality markets. The Payment System 2000 products include the new Combination Card and Check Terminal (CM 2010), the CMR CMR Crude mortality rate, see there 400 family of check readers, the CM 2001 Payment Terminal and the CM 2020 signature capture pads. National City's Senior Vice President of Product Development, Mike McEvoy said: "Checkmate checkmate end of game in chess: folk-etymology of Shah-mat, ‘the Shah is dead.’ [Br. Folklore: Espy, 217] See : End has developed a product (CM 2010) that allows our card and check divisions to easily cross-sell our authorization and processing services. The combination terminal is accelerating the synergy between both divisions. One of our goals for 1996 is to expand our services by providing quality and cost effective products. The small footprint and rich functionality of the combination terminal will facilitate our thrust into this important market. In addition, Checkmate has proven to be the industry leader in check reading as well as providing leading edge products for integrated check/credit/debit authorization, which is our core business." Checkmate's President and Chief Executive Officer, Jerry P. Malec said, "Reaching an agreement with a major player in the card and check transaction industry is vital to the success of Checkmate as we continue to expand our channels of distribution. Clearly, we are pleased to have NPC support our product expansion by certifying and rolling out the combination terminal as well as our entire product line. Further penetrating the financial payment industry with NPC as a business partner exemplifies that Checkmate is designing the type of products that are meeting or exceeding the requirements of the marketplace." National City Processing Company (NPC) is a wholly-owned subsidiary of National City Corporation, a $35 billion diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services company, headquartered in Louisville, Ky. NPC is a world leader in financial transaction and settlement processing with over two billion transactions processed annually, representing over $120 billion in sales receipts. NPC is the processor of choice among the leading Fortune 500 companies, including six of the top 10 corporations. Checkmate Electronics, Inc. develops, manufactures and markets innovative products providing business solutions for payment automation needs. Checkmate's patented systems effectively increase the efficiency of customer service and 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 detect and reduce payment fraud at the point of sale. Checkmate's Payment System 2000 is a "family of products" which include: debit, credit and smart card payment technology, electronic benefit transfer (EBT EBT See: Earnings Before Taxes ) systems, signature capture and verification products, MICR (Magnetic Ink Character Recognition) The machine recognition of numeric data printed with magnetically charged ink. It is used on bank checks and deposit slips. MICR readers detect the characters and convert them into digital data. check readers and analyzers, and a variety of TotalCARE maintenance services. Headquartered in Roswell, Ga., Checkmate Electronics, Inc. has 168 employees. CONTACT: Checkmate Electronics, Inc., Roswell John J. Neubert, 770/594-6000 |
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