Systech Gateways Approved on Vital Payment Network; Systech Dial-to-IP Converters Provide Secure, High-Speed, IP Network Connection.Business Editors/High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--March 22, 2004 Systech Corp., 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. , an industry leader in the design and manufacture of Internet Payment Gateways for electronic transaction markets, today announced that it has received approval for its family of Internet Payment Gateways on the Vital Processing Services(R) network. Systech Internet Payment Gateways connect POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale payment terminals and payment controllers to the Vital network over the public Internet using secure IP transactions adhering to industry-standard SSL (Secure Sockets Layer) The leading security protocol on the Internet. Developed by Netscape, SSL is widely used to do two things: to validate the identity of a Web site and to create an encrypted connection for sending credit card and other personal data. specifications. Merchants benefit from higher-speed IP transactions, and recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. cost savings from IP-based processing. Acquirers benefit from unlocking new revenue opportunities and new broadband application possibilities. Multiple configurations of the Systech gateways are available to match the varied needs of merchants. Stand-alone payment terminals connect to Systech gateway devices using an RJ-11 POTS connection. Multi-terminal payment controllers connect to the Systech gateway using a serial connection or a POTS connection. In all cases, no changes are required to the actual payment application at the merchant site. "Vital is a critical component of our worldwide strategy to compete in the dial-to-IP transaction space," said John Stafford John Stafford may refer to:
About Vital Processing Services The world's recognized leader in technology-based commerce enabling services, Vital Processing Services(R) (Vital(R)) brings the power of pure commerce to more than 300 acquirers and one million merchants. Vital delivers highly reliable, integrated, end-to-end payment-related solutions to acquirers and merchants, and provides them with the information and tools to efficiently manage their payment processing businesses. From authorizing and capturing electronic payments at the merchant point of sale, to clearing and settling transactions, Vital is the only pure acquirer processor in the industry. Vital is a joint venture of Visa U.S.A. and TSYS TSYS Total System Services, Inc. (NYSE NYSE See: New York Stock Exchange : TSS See ITU. ). Additional information regarding Vital can be found at www.vitalps.com. About Systech Corp. Systech Corp. is an industry leader in the design and manufacture of Internet Payment Gateways for electronic transaction markets. Systech's 21-year history includes innovative hardware and software technology solutions for point of sale, industrial and commercial markets. Over 200,000 Systech networking devices facilitate mission critical applications worldwide. Additional information can be found at www.systech.com. |
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