Corporate Profile for Lynk Systems, Inc., dated Oct. 16, 1998.--(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. -0-
Published Date: Oct. 16, 1998
Company Name: Lynk Systems, Inc.
Address: 600 Morgan Falls Rd., Suite 260
Atlanta, GA 30350
Main Telephone
Number: 770/396-1616
Chief Executive
Officer: Edward Uzialko
Chief Financial
Officer: Steve Stevenson
Investor Relations
Contact: David Howe
Public Relations
Contact: Cynthia Dorrill
Business number: 770/396-1616 ext. 1533
Industry: Banking/Finance
Company description: Atlanta based Lynk Systems, Inc. is an integrated provider of electronic payment services Electronic Payment Services (Chinese: 易辦事), commonly known as EPS, is the largest electronic payment system in Hong Kong, Macau and Shenzhen starting from 1985. The service is provided by EPS Company (Hong Kong) Limited. , cash dispensing services and other related value-added products and services. Payment services include the processing of credit and debit cards, check authorization and guarantee and electronic benefits transfer (EBT EBT See: Earnings Before Taxes ) transactions from merchant point of sale terminals. Cash dispensing services involve processing transactions from automatic teller machines See ATM. (ATMs). Lynk operates using internally developed, proprietary processing systems and technologies and differentiates itself by focusing on a single source approach to serving its customers. This strategy provides Lynk customers one company to call upon for all their processing needs and allows Lynk to control quality of service. Lynk maintains direct interfaces to virtually all credit and debit card systems. It operates 24 hours a day, 7 days a week using fault tolerant The ability to continue non-stop when a hardware failure occurs. A fault-tolerant system is designed from the ground up for reliability by building multiples of all critical components, such as CPUs, memories, disks and power supplies into the same computer. computer technology for 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. , combined with an extensive internal client server network for back-office 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 customer services. Lynk maintains redundancy in communications and power to provide uninterrupted service to its customers. The Company's business strategy is to continue to invest in its technology infrastructure while focusing on internal growth in direct sales with emphasis on marketing relationships with financial institutions. Founded in 1991, Lynk is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. funded by several major venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] . Lynk's management team is an assembly of highly qualified individuals from the various disciplines within the credit and debit card industry. |
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