M2 Systems Corporation Releases i24 Product Suite to Symmetrex, Inc.; One Client - Four New Products.Business Editors/High-Tech Writers MAITLAND, Fla.--(BUSINESS WIRE)--July 8, 2003 -M2 Systems Corporation ("M2 Systems"), a leading provider of highly reliable business process integration and transaction systems for the healthcare, financial and transportation industries, announced today that they have entered into a strategic partnership with Symmetrex, Inc. (Symmetrex) to promote the M2 Systems i24Bank Product Suite. The combined strategic partnership of Symmetrex and M2 Systems has resulted in five current contracts for i24Bank Application Service Licenses of i24Pre-Paid Debit, i24Gateway, i24FraudGuard, and i24Wallet to PRE Solutions, American Card Services The software support for PC Cards. PC Card applications talk to Card Services. See PC Card. , Global Bank of Commerce, Ltd., iKobo, Inc. and others. "The ease of implementation and flexibility of M2 Systems' i24 Product Suite has enabled us to significantly accelerate our product rollout strategy," commented Tom Tesmer, President of Symmetrex, Inc. "The comprehensive and seamless offering provides us a unique ability to respond to our customer's needs in a timely fashion." M2 Systems' i24Bank Product Suite consists of a set of high availability Also called "RAS" (reliability, availability, serviceability) or "fault resilient," it refers to a multiprocessing system that can quickly recover from a failure. There may be a minute or two of downtime while one system switches over to another, but processing will continue. , scalable transaction-processing solutions designed for financial institutions that include fraud and risk management. M2 Systems' i24Bank Product Suite is based on the M2 Systems Platform, a J2EE (Java 2 Platform, Enterprise Edition) A platform from Sun for building distributed enterprise applications. J2EE services are performed in the middle tier between the user's machine and the enterprise's databases and legacy information systems. web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. framework which provides M2 Systems' i24Bank with the foundation and platform infrastructure necessary to provide high availability, robust, financial applications. Components of M2 Systems' i24PrePaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay  ment n. Debit application service are based on the M2 Systems i24Card Platform and provide financial institutions and card issuers the flexibility to successfully deploy and manage credit, debit, pre-paid, gift, loyalty, and affinity card affinity cardn. A credit card sponsored by an organization, such as a university or business, that receives part of the card user's fees. programs quickly and efficiently. M2 Systems' i24Card Platform combines a fast time-to-market solution with the flexibility to deploy any imagined card product along with high availability 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. resulting in a higher return on investment. M2 Systems' industry leading Internet Payment Gateway, i24Gateway, consists of a series of application suites that provide financial institutions, Independent Sales Organizations This article or section deals primarily with the English-speaking world and does not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and Managed Service Providers a turnkey successful solution for electronic commerce. The i24Gateway provides real-time and batch based processing plug-in solutions for merchants that are easy to implement and integrate with virtually all eCommerce and business software solutions. The i24Gateway provides detailed real-time transaction reporting and analytical tools along with retrieval, charge back and settlement reporting to both portfolio management groups as well as merchants all within a white-label branded environment. M2 Systems' i24FraudGuard is integrated into the i24Bank Application Suite to provide real-time fraud and risk management and reporting. The i24FraudGuard Risk Management Suite offers parameterized negative and positive database systems, configurable real-time enterprise business rules processing, fraud alerts, intercepts, and a fraud alert case management suite. The i24FraudGuard fraud alert case management suite provides risk management staff with the ability to analyze, report, prioritize pri·or·i·tize v. pri·or·i·tized, pri·or·i·tiz·ing, pri·or·i·tiz·es Usage Problem v.tr. To arrange or deal with in order of importance. v.intr. , and resolve fraud alert cases efficiently and in a secure audited manner. M2 Systems' i24Wallet Application Suite is a value management system that provides alternative payment solutions through an electronic wallet See digital wallet. account based hierarchy. The i24Wallet allows consumers and merchants to exchange electronic value stored in their respective wallets for goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. while the i24Wallet System manages the account transfer and accounting processes. About Symmetrex, Inc. - Symmetrex, Inc. is a nation-wide dynamic financial payments transaction processing company that services the unique requirements of individual clients specifically targeted to the industries of Financial Product Issuers, Merchant Acquirers, and Merchant Products and Service companies. Symmetrex highly scalable tracking and reporting product tools provide flexibility, expandability and security and dependability to debit, credit, e-commerce and pre-paid card transaction processing. About M2 Systems Corporation - M2 Systems is an elite software engineering firm focused on delivering on-line real-time and batch transaction processing to specialized vertical markets. The M2 Systems architecture is the compilation of next generation technology and proven solutions that have been successfully implemented for more than sixteen (16) years in the applications of finance and healthcare. M2 Systems offers the only fully distributed Fully distributed A new stock issue that has been completely resold to the investing public and is no longer held by dealers. fully distributed Of or relating to a new issue of securities that has been sold out. network-centric Enterprise Application Integration (EAI (Enterprise Application Integration) Refers to various techniques used to share data and business processes in large enterprises. When companies acquire another organization, disparate information systems have to be made to work together. ) architecture powered by their highly successful technology platform known as ENGIN. All applications are easily and efficiently integrated using M2 Systems rapid deployment platform, thus maintaining their leadership role in the Enterprise Application Integration market space. For more information about M2 Systems Corporation, contact Jim Anderson Jim Anderson can refer to:
Copyright Notice: Copyright (C) 2003 M2 Systems Corporation. All rights reserved. All company names and product names may be trademarks or registered trademarks of their respective companies or owners. |
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