DV2 Signs a $8M Contract With InnoVentry to Offer a Hybrid WAN Solution.Business Editors ATLANTA--(BUSINESS WIRE)--July 11, 2000 DV2, a leading provider of converged communication services, announced that it has signed an agreement with InnoVentry Corp., a San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden based company delivering the next generation of fee-based financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and information access machines for market merchandisers -- by leveraging Internet and biometric technologies. As a part of this three-year agreement, DV2 will provide a hybrid WAN solution composed of primarily DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary services, complimented by frame relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers. in more remote locations. DV2 is able to lower costs, increase speed and improve the service delivery component relative to InnoVentry's incumbent communications provider. In addition, DV2 is able to reduce the service delivery and operability Operability is the ability to keep a system in a functioning and operating condition. In a computing systems environment with multiple systems this includes the ability of products, systems and business processes to work together to accomplish a common task such as finding and interval by more than 10 percent. "This deal represents the acceptance of new high-speed connectivity options like DSL as an economical replacement to the slower, older and more expensive technologies like frame-relay, private lines and dial-up connectivity," said Gary Humphrey, vice president of sales, DV2. "By offering InnoVentry a fully-integrated and managed solution, DV2 delivers bottom-line impacting value to our customers." InnoVentry's RPM(TM) Cash Management Machines provide easy, fast and private access to electronic and paper-based financial transactions through a proprietary technology platform combining biometric recognition, Internet protocols and centralized risk scoring. Consumers use the RPM machines to cash checks without a picture ID, bank card or PIN. The machines will soon serve as a platform for the sale of money orders and the delivery of electronic money-transfer and bill-payment services. In addition, the RPM machines include a second multi-media screen that delivers customized promotional and educational messages in multiple languages. "DV2 is providing us with a single vendor solution that will effectively reduce our costs and increase our scalability," said Ken Rees, executive vice president, Business Development at InnoVentry. "Ultimately, the end-user reaps the benefits because the increase in bandwidth and time-to-market means less down time, greater access and faster transaction times for RPM users." About InnoVentry Backed by the wholesale bank of Wells Fargo & Co. (NYSE NYSE See: New York Stock Exchange :WFC WFC Wi-Fi Connection (Nintendo gaming service) WFC Wide-Field Camera WFC World Financial Center (New York) WFC Workforce Center WFC World Federation of Chiropractic WFC World Food Council ) and by Cash America International, Inc. (NYSE:PWN In gaming, to trounce an opponent. To be "pwned" is to be defeated unmercifully. Pronounced "pone," "pwen," "pawn" or "pun," the derivation of the term is obscure. Some believe it came from a common typo of "own" because the o and p keys are next to each other. ), InnoVentry combines Internet and face-recognition technologies to bring advanced cash-management and information-access machines to market. InnoVentry distributes these machines under the RPM(TM) brand to leading retail-store networks across the nation. Since its launch in 1998, InnoVentry has enrolled more than 760,000 customers, cashed nearly two million checks and established relationships with many of the nation's leading retailers. The company is based in San Francisco. About DV2 DV2 is the leader in developing "SMART POP" technology, the next generation of converged communications infrastructure. Its solutions provide high-speed, integrated communications services to middle market business and multi-tenant/high density business/residential locations. Services are based upon ATM, voice-over IP, high-speed telecommuting telecommuting, an arrangement by which people work at home using a computer and telephone, transmitting work material to a business office by means of a modem and telephone lines; it is also known as telework. (DSL/cable modem), and rapid deployment server/co-location management. |
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