VeriFone Systems acquired LIFT Retail Marketing digital marketing system designed to increase sales for convenience stores. LIFT Retail developed and markets the “LIFT Station” network-connected digital marketing hub that integrates with POS systems in the convenience store and petroleum retailing market. The “LIFT Station” personalizes the experience for each shopper by presenting relevant offers with compelling digital ads on a touchscreen display while simultaneously engaging cashiers with a friendly sales script to help close the deal. The acquired company will be incorporated into VeriFone’s solutions portfolio as a product and services offering called LiftRetail Solutions, which will integrate with all leading retail POS systems in the convenience store/petroleum segment.
Coinstar and c-store retailer Cumberland Farms announced that Coinstar E-Payment Services’ full range of Ã¢Âpay as you go’ products will be available to consumers at approximately 600 Cumberland Farms stores. The product line includes national and regional prepaid wireless programs, prepaid MasterCard and VISA stored value debit cards, leading gift cards and more and is expected to be available in Cumberland Farms stores in 11 states in the northeast and Florida beginning in mid-August. Coinstar is a provider of self-service coin counting, electronic payment solutions, entertainment services and self-service DVD rental.
Precedia Technologies’ POSLynx220 payment router has received Class B
certification allowing the integration with existing POS devices. This
introduce the company’s payment engine, “TranNet,” to Global Payments
processing clients. “TransNet” seperates the payment function to
POSLynx220 and is ideal for PC-based systems to secure transactions.
Certified by Global Payments, POSLynx220 provides connectivity to a range
of POS equipment and IP payment options for merchants processing to
Global Payments. Precedia Technologies has customers in 85 countries.
MegaPath has partnered with IP Merchant Solutions to expand MegaPath’s “StoreConnect Virtual Private Network” service for delivery of credit/debit, automatic teller machine, prepaid calling card, check and money order transactions to more than 25 processors. IPMS maintains redundant gateways between the MegaPath network and over 25 processors. It also converts legacy serial and dial-up POS terminals and other devices, like fuel tank monitoring systems, to IP so that this traffic can be transmitted across the MegaPath network enabling retailers to reduce costs and increase revenues by removing phone lines, adding new applications and simplifying the management of multiple processors. IP Merchant Solutions provides retail companies with credit card processing and authorization solutions. MegaPath is a provider of managed IP communications services.
Quarles Petroleum has chosen the joint effort of Precidia & Staunch,
POSLynx220, a multiport payment router with both dial and serial ports.
The router delivers secure connectivity for onsite video surveillance and
the cardlock system for processing, with only one device for its 80
remote fueling stations. For Quarles’ fuel stations, the Staunch/Precidia
solution combines the Gasboy fuel dispenser and onsite
video surveillance system. Precidia has customers in over 80 countries,
a line of wired and wireless access devices and uses NetVu network
configuration management to migrate stand-alone equipment onto
IP networks. Staunch Corporation is a provider of multi-vendor
Information Technology and Digital Video Surveillance technology.
Quarles Petroleum has more than 450 employees in 6 states.
Precidia Technologies has been chosen by Netifice Communications to provide network connectivity to serial equipment as part of Shell Oil Products U.S. “CoolBand” initiative. The program consolidates a wide range of convenience store/petroleum equipment, from payment processing such as Ruby terminals, to tank monitors and video surveillance, onto a single broadband network infrastructure, replacing a VSAT connection. Precidia Technologies designs and manufactures IP access devices for a wide range of industries including retail payments and building automation.
Precidia Technologies has been chosen by Netifice
Communications to provide network connectivity to serial equipment
as part of Shell Oil Products U.S. “CoolBand”
initiative. This innovative program consolidates a wide range of
convenience store/petroleum equipment, from payment processing such as
Ruby(TM)terminals, to tank monitors and video surveillance, onto a single
broadband network infrastructure, replacing a VSAT connection. Precidia
is working with Netifice to offer this broadband connectivity
option to operators of 10,000 retail site locations. The “iPocket232”
was customized to the needs of Shell’s operators. Precidia Technologies
designs and manufactures of IP access devices. Netifice Communications
is a provider of flexible IP VPN solutions.
Ottawa-based Precidia Technologies has introduced a multi-port POS IP adapter that offers convenience store, petroleum outlets and restaurant operators an expensive way to process over the public Internet using their existing POS equipment. “POSLynx220” is the latest addition in the “POSLynx” series of retail routers. The IP adapter
provides two dial and two serial interfaces that can connect dial
terminals and ATMs of any make as well as serial equipment including
Lynk Systems, Inc., and EchoSat Communications Group announced a joint business initiative to provide next generation ATM processing technology over advanced VSAT satellite communications networks. With this service offering, companies will realize cost savings, faster processing, intuitive management information, and greater ability for on-screen advertising and in-store coupons.
Lynk and EchoSat plan to integrate the service offering into EchoSat’s previously announced joint venture with Fuel Nation, which provides seamless functionality of back office software applications, “real-time” live information via a wireless PDA, and faster, reliable satellite connectivity in one integrated solution.
The initial target for this offering is the petroleum and convenience store industry, one of the greatest points of contact for ATM users. Petroleum and convenience stores utilizing the Lynk/EchoSat solution will be able to integrate their ATM processing onto a dedicated satellite Wide Area Network.
David Howe, Senior Vice President of Lynk, commented “Companies who actively manage their ATMs will immediately see the benefits of this service offering. And by adding our electronic payroll card, CashLynk, to the offering, we can provide additional ATM revenue while reducing payroll costs. The combination of Lynk’s superior ATM solution with EchoSat’s Intelligent ESAT network is a real value add for retailers. This is just the beginning of Lynk services that can be efficiently utilized with EchoSat’s technology.”
Lee Rutherford, President and CEO of EchoSat said, “We are pleased to form this strategic alliance with Lynk. Our review of the Lynk approach reveals they are the leaders in processing technology, providing convenience for the end user and advanced ATM management and reporting functions for the merchant. Lynk’s dedication to the highest level of customer service, along with their economical and fast processing, provide value enhancement to the satellite customers we serve. When coupled with our wireless ‘real-time’ FuelNation solution, the petroleum/convenience store owner now has unprecedented decision making capabilities! It’s a natural asset to the EchoSat managed networks currently serving our customers.”
Lynk is a national provider of electronic payment, cash dispensing and e-commerce services. The company processes transactions initiated by credit and debit cards, checks and EBT cards from merchant point-of-sale terminals, ATMs and via the Internet. Lynk also provides ATM cash management and monitoring services, card issuing, electronic funds distribution and Internet- based storefront management, design and hosting. Lynk controls the entire processing sequence, including sales, end-user equipment, transaction authorization, capture, settlement and customer service. This “in-sourced” model facilitates a truly integrated solution that gives Lynk customers one- call support for all their processing needs. Lynk’s proprietary technology and comprehensive network connectivity offer merchants of all sizes unsurpassed processing performance. Founded in 1991, Lynk is located in Atlanta, Georgia and has earned recognition as one of the fastest-growing companies in the industry.
EchoSat, a division of Tower Communications Group, Inc., is a privately held corporation based in Lexington, KY. EchoSat is a multi-faceted, synergistic satellite solution company specializing in providing private, managed, dedicated satellite and WAN solutions. Instead of focusing only on credit card applications, EchoSat provides credit card transmissions, polling, downloading, ASP modeling, music, store commercials, email, software updates, and more. The recent joint venture of EchoSat and Fuel Nation has brought a new level of technology to the convenience store/petroleum industry. The EchoSat/Fuel Nation venture now allows companies to instantly access multiple retail or wholesale sites “live” via the Web or a Palm Pilot, even without the need for back office computers. Along with a host of other services, customers utilizing the EchoSat/Fuel Nation solution can now monitor tank levels “live” and receive complete tank management information, along with the implementation of Fuel Management from rack to retail, including Bill of Lading tracking automation and EPA reports, tailored to the customer’s individual needs. EchoSat’s customers span the retail sector, along with several major petroleum groups, including CITGO, Marathon Oil, Clark Retail Enterprises, Speedway Convenience Stores, and others.