International Verifact awarded initial contract to supply the Bank of Montreal with new debit/credit terminal.TORONTO--(BUSINESS WIRE)--March 13, 1997--International Verifact (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : IVI IVI Intelligent Vehicle Initiative IVI International Vaccine Institute IVI Interchangeable Virtual Instrument IVI Intravenous Infusion IVI Interactive Video Instruction IVI Intra Venous Injection IVI Institute for Vision Improvement IVI Interactive Video Initiative ; NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : IVIAF) announced today that they have signed and received an initial purchase order from the Bank Of Montreal “BMO” redirects here. For the mathematics competition, see British Mathematical Olympiad. Bank of Montreal/Banque de Montréal (TSX: BMO, NYSE: BMO) is Canada's fourth largest bank[1], and is classified as a Domestic Chartered Bank (Schedule I). to supply IVI's newly developed, low cost, dial terminal called the "Flash 400" for debit/credit transactions for use with the Bank's merchant customer base. "IVI developed the Flash 400 to address a market niche that was not being filled by our current product offerings. This development effort has been quickly rewarded with an order from the Bank of Montreal for Flash 400 systems. These terminals will use a software application developed using IVI's latest version of ComPOSit. ComPOSit is a specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. software development platform that improves the speed in which an application can be developed while also lowering the cost of maintaining the application. Software changes in the future become much easier and economical using ComPOSit," said Geoff Bowen, Vice President of Sales, IVI Canada. "IVI is extremely pleased with this new relationship developed with the Bank Of Montreal," said L. Barry Thomson, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , IVI. With this contract, IVI is now conducting business with all of the major Canadian Banks. IVI is engaged in the design, development and sale of electronic payment solutions for retailers, financial institutions, governments and other businesses. IVI's hardware and software products include, solutions for point-of-sale debit/credit/EFT/EBT terminals, check readers, smart card readers md secure PIN entry devices. Additional company information is available on the IVI website at www.ivinet.com . CONTACT: International Verifact Inc. L. Barry Thomson 416-245-6700 |
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