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Corporate Profile for Innobeta Systems, Inc., dated January 31, 2003.


Business Editors

--(BUSINESS WIRE)

The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services.


Published Date:   January 31, 2003

Company Name:     Innobeta Systems, Inc.

Address:          57 Romanelli Avenue
                  South Hackensack, NJ 07606

Main Telephone
 Number:          201/498-0707

Internet Home
 Page Address
  (URL)           www.innobeta.com

Chief Executive
 Officer:         Eric Park

Chief Financial
 Officer:         Tony Park

Investor Relations
 E-mail address:  eric@innobeta.com

Public Relations
 Contact:         Robert Bucceri
 Business number: 610/918-1161
 E-mail address:  bob.bucceri@chaddsfordplanning.com

Industry:         Banking/Finance



Company description: Innobeta Systems, Inc. is a significant provider of 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.
 software to the 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) and electronic banking industries.

Innobeta allows electronic bankings sytems to transfer money and other vital data by securing connecting financial institutions and networks with speed and security.

This allows financial institutions and ATM owners to process such transactions as Visa, MasterCard MasterCard Worldwide (NYSE: MA) is a mutinational corporation based in Purchase, NY in the United States. Throughout the world, its principal business is to process payments between the banks of merchants and the banks of purchasers that use its "Mastercard" branded debit- and , and American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. .

Innobeta specializes in ATM driving and management, Internet-based reporting, data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a , and electronic banking gateweay servcies. Innobeta delivers among the highest levels of transaction approvals in the processing industry. It provides unparalleled access via direct links or gateways.

Through its innovative Internet-based reporting system, Innobeta customers can view transaction activity in real time, giving them a management toolset unmatched in the industry.
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Publication:Business Wire
Date:Jan 31, 2003
Words:234
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