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SPRINT ANNOUNCES INDUSTRY'S FIRST PUBLIC NETWORK DEDICATED TO TRANSACTION PROCESSING

 WASHINGTON, Feb. 16 /PRNewswire/ -- Sprint (NYSE: FON) today announced TranXact, the industry's first public data network custom- designed for transaction processing applications such as credit-card authorization. The new network, which features the industry's first four-level redundancy capability for reliability and faster access, will be available in April.
 Merchants can reach TranXact using point-of-sale terminals or electronic cash registers found on every store counter. The sales clerk uses the terminal and the TranXact network to call a host computer and authorize the transaction. The call can be placed by dialing a 950 number, a Sprint 800 number, or an 800 number routed to another carrier.
 TranXact has been designed to ensure that each transaction is carried between terminal and host with minimum delay and maximum reliability -- even at peak sales periods.
 The four-level redundancy capability includes:
 -- X.25 routing to overcome potential processing center outages
 (host and/or host-access line);
 -- X.25 routing to overcome dedicated network outages;
 -- Enhanced Sprint voice network routing functionality to
 overcome potential voice and dedicated network outages;
 -- Alternate carrier access to back up potential 800 and 950
 outages.
 Currently, transaction processing services are carried on networks which also handle electronic mail, host-computer access and many other applications. TranXact is a dedicated network that is engineered for high-volume transaction processing requirements such as credit-card authorization.
 "Sprint realizes that if a retailer can't authorize a credit card, that retailer can't make a sale," said Bill Pfeiffer, senior vice president of Sprint Data Group. "The use of a single switching platform and linkage of 950-number access to 800-number functionality allows Sprint to offer an economical service with superlative response time and unprecedented reliability and redundancy."
 TranXact pricing offers greater economy, compared to Sprint's competition, due to billing in one-second increments beyond the six-second minimum for all customers. Sprint's competition bills in one-second increments beyond a six-second minimum for only their largest customers who commit to significant traffic volumes.
 The broad access features will allow Sprint to serve new markets. For example, taxicabs have traditionally been unable to authorize credit cards electronically due to their mobile nature.
 However, Sprint's X.75 link to cellular packet radio technology in the Regional Bell Operating Company (RBOC) LPNs eliminates these physical constraints to traditional transaction processing, freeing taxicab companies to accept credit cards. Sprint is currently working with a number of the RBOCs to offer such services.
 Transaction processing, a $275 million market, is expected to grow by more than 25 percent by 1996. Reliability is vital to retailers, especially with the heavy volumes during the Christmas season when they handle 30 percent to 40 percent of their sales.
 Seven of the top 10 credit-card processing companies are currently using Sprint's existing Transaction Processing Network Service. In addition, a Sprint customer has been using a prototype of the TranXact network for more than two years.
 Sprint is a diversified international telecommunications company with $9.2 billion in annual revenues and the United States' only nationwide all-digital, fiber-optic network. Its divisions provide global long distance voice, data and video products and services, and local telephone services to more than 4 million subscriber lines in 17 states.
 -0- 2/16/93
 /NOTE: TranXact is a service mark./
 /CONTACT: Janis Langley, 202-828-7427 or, after hours, 703-533-3322, or Evette Fulton, 202-828-7411 or, after hours, 301-230-0978, both of Sprint/
 (FON)


CO: Sprint ST: District of Columbia IN: TLS SU: PDT

TW -- DC007 -- 7117 02/16/93 12:28 EST
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 16, 1993
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