Electronic Transaction Association to Use MIST Freedom II Terminals at Annual Meeting and Exposition in San Diego.Business Editors TORONTO--(BUSINESS WIRE)--March 6, 2001 MIST, Inc., (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :MIS), a global leader in wireless transaction technology, announced today that the Electronic Transaction Association (ETA) has selected the MIST Freedom II wireless terminal to process registration transactions at the ETA 2001 Annual Meeting and Exposition on March 8-10 in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. . The ETA is the major international trade association representing organizations offering 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. products and services. The MIST Freedom II terminals will be deployed at the show's registration desk using Atomic Software's "ecomPort" software to provide an efficient and speedy mobile solution for managing payments. ETA first used the Freedom II terminals at its August mid-year meeting held in Chicago. The MIST Freedom II terminal, which features an integrated printer and pinpad, allows the ETA show management added flexibility in bringing the point-of-sale terminals to any location at the conference to conduct wireless transactions. ETA was organized to influence policy within the transaction processing industry by providing leadership through education, advocacy and the exchange of information. "The success of the MIST Freedom II terminals at last summer's ETA conference was tremendous," said Linda Horwath, MIST Vice President of U.S. Sales. "There is nothing more satisfying than to see the ease at which business transactions can take place when using these terminals. We look forward to assisting ETA again this year and are confident the efficiency of our terminals will make significant contributions to the overall success of the conference." MIST's Freedom II is a wireless portable device that allows a merchant to perform credit or 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. transactions from any location. What sets the Freedom II apart is its ease and flexibility of use because integrated within each device is a wireless modem A modem and antenna that transmits and receives over the air. Wireless modems support several technologies, including 802.11, Bluetooth, CDPD, DataTAC, Mobitex and Ricochet. There are wireless modems for laptops, handhelds and cellphones. supporting multiple platforms Refers to two or more operating environments, which typically include the CPU family and operating system. For example, if versions of a program run on Windows and the Macintosh, the software is said to support multiple platforms. including, CDPD (Cellular Digital Packet Data) A low-speed, digital, wireless data network that is an enhancement to an existing analog cellular network. Based on IBM's CelluPlan II, CDPD provides a packet overlay onto the AMPS network and moves data at 19. , Mobitex, and Motient. This broad variety of wireless communication methods allows the merchant to select one technology that best fits its geographical area. "The MIST Freedom II terminals and Atomic Software are a great assistance to us," said Shawn Canfield can·field n. Games A form of solitaire. [After Richard Albert Canfield (1855-1914), American gambler.] Noun 1. , ETA Director of Meetings. "The efficiency, flexibility, and ease of these wireless solutions to handle our registration process provides great service. It is a significant benefit to our organizers to know this system will meet the ever-increasing needs of our registration team." MIST once again is teaming with Atomic Software to provide the ETA with a transaction-processing solution. Atomic's ecomPort Wireless Payment gateway will be used to provide connectivity to ETA's merchant processor. The ecomPort gateway service routes transactions from the point of sale to the merchant's credit, debit, and check processors. It also includes a web-based Merchant Console where merchants can review transaction detail and batch reports, add new transactions and run voids or returns, as well as see up to one year of transaction history online. "Atomic Software is proud to assist ETA at this year's conference," said Robert Brooks
About MIST Inc. MIST Inc. (TSE:MIS), a leading global provider of wireless transaction-enabling technologies, is in the business of designing, manufacturing, and distributing wireless and wired Point-of-Sale (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ) solutions. With facilities in Toronto and Montreal, MIST has an installed base of more than 550,000 POS terminals. MIST's clients include Canadian and international banks, financial institutions, credit and debit card processors, as well as retail, hotel, restaurant, healthcare, and loyalty customers. The "MIST Freedom" family of wireless transaction terminals was developed to complement its range of existing products. MIST has business offices in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. . For more information, visit www.mistwireless.com. Investors may contact investor-relations@mistwireless.com. About Atomic Software: Atomic Software is a venture-funded company that provides electronic payment solutions to wireless, Internet, mail/phone order, retail and restaurant companies. The company's products are certified for use by leading banks and transaction processors in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . For more information on Atomic Software's ecomPort wireless payment gateway contact Robert Brooks at 813/995-0268 or visit http://www.eComPortwireless.com. Atomic can be found on the web at http://www.atomic-software.com. |
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