Concord EFS Licenses Paragon Suite.Business Editors CARY, N.C.--(BUSINESS WIRE)--Dec. 4, 2001 Paragon Application Systems, a leading provider of electronic funds transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. (EFT) software and services, is pleased to announce that its package of software applications, WorkSmart ATM Suite(TM), has been licensed by Concord EFS EFS Encrypted File System (Microsoft Windows 2000) EFS Event Free Survival (survival rates in clinical trials) EFS Evangeliska Fosterlandsstiftelsen (Sweden) , Inc., a leading electronic payments company. Paragon's WorkSmart ATM Suite(TM) is a package of PC-based solutions designed to create, test and maintain Automated Teller Machine 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. (ATM) interfaces. ConfigBuilder(TM) is a tool for designing and verifying the screens and states that control the action of an ATM. ATMulator(TM) provides a complete simulation of ATM models from Diebold and NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers , allowing the user to test transactions, view receipts and journal data, and test device faults and command rejects, directly from a PC. FASTest(TM) offers a fast, easy way to test ATM and EFT transactions in concert with terminal driving applications. Concord is a vertically-integrated electronic transaction processor. Its primary activities include Payment Services, providing credit, debit, check authorization, and EBT EBT See: Earnings Before Taxes processing services to supermarkets, gas stations, and other selected retail segments; and Network Services, providing gateway processing, ATM driving, 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. processing, and coast-to-coast STAR network access to the financial services industry. "Concord is dedicated to providing the best ATM and point of sale service to all our customers, from large national financial institutions to community banks," said Jennifer Mariner, Vice President, Systems Quality Management for Concord. "Paragon's WorkSmart ATM Suite helps us simplify the process of creating, testing, and maintaining our ATM-based services." "Since Concord drives well over 40,000 ATMs, we are confident that the WorkSmart ATM Suite will be a tremendous asset to them," said Gary Kirk, President of Paragon. Paragon Application Systems provides ATM and EFT software and services exclusively to the financial industry. With more than 90 financial institutions in 15 countries using over 350 products, Paragon is the leader in the design and implementation of ATM design and test tools as well as ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 8583 testing and middleware solutions. Paragon is proud to be named a Diebold Partner Information Xchange (PIX) member and an NCR Strategic Business Partner. |
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