IVI Checkmate Corp. has licensed POSdata Inc., to resell IVI Checkmateís family of check readers, customer activated credit/debit terminals, and the eN-Touch 1000 customer-interactive touch screen and signature capture terminal. The agreement is expected to bring IVI Checkmate in excess of $5 million in orders over the next three years.
POSdata, based in Gig Harbor, Washington, is one of the largest value-added distributors of retail point-of-service and data capture equipment in the U.S.
"Our agreement with POSdata supports our objective of further penetrating the middle and lower tiers of retail," said Jim Troy, Vice President of IVI Checkmateís Integrated Transaction Solutions group. "We anticipate this agreement may well expand beyond hardware sales to include payment and value-added consumer service applications, positioning IVI Checkmate as POSdataís supplier of end-to-end payment transaction management solutions to the middle and lower retail tiers."
POSdata distributes equipment from manufacturers including PSC, Symbol, Zebra, Ithaca Peripherals, MMF, Compsee, Densei, Cherry, Jarltech, and ViewMagic. For more information on POSdata, visit the POSdata Web site at www.pos-data.com or call (800) 852-3282, x260.
On another IVI note, National Transaction Network, Inc. (NTN) will merge with IVI Checkmate, Inc. IVI Checkmate Inc., is a wholly owned subsidiary of IVI Checkmate Corp., and was formed for this express purpose. NTN designs, develops, markets, and maintains electronic payment systems for use in retail applications.
Under the merger, IVI Checkmate, Inc., will acquire all of the shares of NTN that it does not currently own. IVI Checkmate Corp., through IVI Checkmate Inc., currently owns 82% of National Transaction Networkís shares of common stock. The merger should be completed by the end of October.
IVI Checkmate is the third largest electronic transaction solutions provider in North America. For more information on IVI Checkmate, visit their Web site at http://www.ivicheckmate.com. or call (770) 594-6000.
