IVI Checkmate has announced that Paymentech, the nation's third largest bankcard acquirer, has certified the IVI Checkmate e(N)-Counter 4000 POS terminal, formally known as the DataCard Jigsaw®, for release to its Independent Sales Organizations (ISOs) and agent bank clients.
Paymentech's ISOs and agent banks will be able to purchase the e(N)-Counter 4000 POS terminal directly from IVI Checkmate for resale to retailers and restaurateurs. The e(N)-Counter 4000 is certified for use with Paymentech Network Services' authorization and electronic draft capture processing platform, which is owned by Dallas-based Paymentech, Inc.
IVI Checkmate's e(N)-Counter 4000 POS terminal can be configured as an "all-in-one'' Electronic Funds Transfer POS solution or installed modularly. Both configurations offer smart card and magnetic stripe capabilities and include a feature-rich software package that supports both retailers and restaurants.
As many GS readers know, IVI Checkmate recently acquired DataCard's Financial Systems subsidiary, which developed and marketed the Jigsaw (now known as the e(N)-Counter 4000) POS solution. The former DataCard subsidiary has been renamed the IVI Checkmate Financial Systems division.
"The e(N)-Counter 4000 POS terminal provides an outstanding EFT POS solution for Paymentech's ISOs and agent banks clients,'' stated John Mamalakis, Vice President and General Manager of IVI Checkmate's Financial Systems division. Mamalakis adds, "The e(N)-Counter 4000 terminal offers an intuitive and feature rich retail/restaurant application suite which includes combined credit and debit support, a wide range of tip options, the ability to add and personalize operator prompts, mail order/telephone order with address verification (AVS), and multiple levels of password protection. The application also provides an outstanding training mode, which dramatically reduces training time.''
"We are seeing an increasing demand for the e(N)-Counter 4000 among our ISOs and agent bank customers,'' said George Wilcox, Group Manager for Retail Product Management at Paymentech. "We are pleased to add the e(N)-Counter 4000 POS terminal to our comprehensive offering of retail and restaurant applications that enable our third-party clients to remain competitive."
Paymentech, Inc., founded in 1985, provides full-service electronic payment solutions in merchant acquiring and commercial card programs. Through the company's Network services unit, Paymentech offers third-party POS transaction-processing services for independent sales organizations and financial institutions. Paymentech processed 2.2 billion total transactions and approximately $54 billion in sales volume in 1998.
Paymentech is the third largest processor of bankcard transactions in the United States and a leading commercial card issuer. IVI Checkmate is the third largest electronic transaction solutions provider in North America. For more information on IVI Checkmate, visit its Web site at www.ivicheckmate.com. For more information about Paymentech visit www.paymentech.com.
