While payment processor Concord EFS finalized plans to acquire Card Payment Systems, terminal manufacturer Hypercom Corp. signed an agreement to acquire POS terminal leasing organization Golden Eagle/Golden Leasing. (Hypercom sold Golden in October 2003, and Concord merged with First Data Corp. in February 2004.)
One Network became the first company to implement VeriFone's e-Gift Card payment application. This enabled One Network, an e-commerce exchange service and back-office transaction processor, to offer brick-and-mortar merchants e-gift card programs that could potentially lower merchants' costs and improve customer service, among other benefits.
IVI Checkmate Corp., which was subsequently acquired by Ingenico, and Microsoft Corp. agreed to develop Windows CE-based platforms for the retail industry. CE is a modular, real-time operating system designed for 32-bit embedded systems and suitable for hand-held devices.
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