C-TEQ Acquired

The InterCept Group, Inc., a leading provider of fully integrated electronic products and services for community financial institutions, announced it has acquired C-TEQ, Inc., a provider of data processing and check and statement imaging to approximately 40 community financial institutions located in Oklahoma and Texas.

John Collins, Chairman and Chief Executive Officer of InterCept, said, “We believe the acquisition of C-TEQ will add to our ever growing geographic presence and increase market awareness of InterCept as a leading technology provider for community financial institutions across the U.S. This transaction is consistent with our strategy of increasing our customer base and geography while enhancing value for our shareholders.”

![][1] Ann Johnstone, President and Chief Executive Officer of C-TEQ commented, “It is our belief that by combining our operations with InterCept we will be able to better serve our customers with a full suite of technology solutions to help them continue to operate successfully. We are very pleased to be joining an organization with a strong reputation in the markets they serve and look forward to becoming a part of InterCept.”

InterCept believes this transaction will contribute revenues and EBITDA in 2001 of approximately $3.0-3.5 million and $0.5 million respectively. Additionally, InterCept believes the transaction will be neutral to 2001 earnings per share.

About InterCept

InterCept is a single-source provider of a broad range of technologies, products, and services that work together to meet the electronic commerce and operating needs of community financial institutions. InterCept’s services include electronic funds transfer, debit card programs, core bank processing software, check imaging, and data communications management, as well as Internet banking products and services through its affiliate, Netzee, Inc. More information about InterCept can be found on the Internet at [http://www.intercept.net][2].

About C-TEQ

C-TEQ provides financial institutions with data processing and check and statement imaging. The combination of hardware and software, coupled with C-TEQ’s technical expertise provides community financial institutions with the ability to offer the same services to customers as large financial institutions offer theirs. For more information about C-TEQ, visit its web site at [http://www.cteq.com][3].

[1]: /graphic/cteq/cteq.gif
[2]: http://www.intercept.net/
[3]: http://www.cteq.com/


SafeDebit Gateway

NYCE Corporation announced that eFunds Corporation – a leading provider of electronic payment, risk management, information technology, and business process outsourcing services – will provide an Internet Intercept Processor (IIP) Gateway for SafeDebit payments. The NYCE-certified gateway, which will be available to all U.S. debit networks, will enable retailers and their processors to acquire SafeDebit transactions via a single connection to eFunds.

This translates into less impact to their processing infrastructures, helping to bring the product to market more quickly and cost-efficiently. SafeDebit, which has a patent pending, is the first convenient and portable way to make real-time, PIN-secured purchases on the Internet with funds withdrawn directly from deposit accounts. It is also the only debit payment method that can be used with any standard PC with a CD-ROM drive – and consumers do not have to install any special hardware. In essence, SafeDebit works just like an ATM card for the Internet.

NYCE developed SafeDebit with the support of participating software vendors and operators around the globe. eFunds has been involved since the product’s inception; its IIP components were put to use when the first successful proof-of-concept test of SafeDebit transactions was performed this past July. In its new role as an IIP Gateway, eFunds will process SafeDebit transactions as follows: When a consumer chooses to pay with SafeDebit, the Web merchant’s processor acquires the transaction in encrypted form. From there, the transaction is routed to the IIP, which decrypts certain card data. The IIP then sends the reformatted information (along with the still-encrypted PIN) to an electronic payments network, such as NYCE, so that the transaction can be forwarded to the appropriate financial institution for authorization. With this configuration, merchant processors and networks can participate in SafeDebit via a single connection to eFunds’ IIP Gateway – eliminating the labor-intensive and costly process of connecting multiple endpoints.

“The financial services industry has invested substantially in today’s real-time payments infrastructure, and NYCE’s development of SafeDebit is an ideal example of the ways in which we are helping our participants reap greater value from this investment,” said Paul Turgeon, senior vice president with NYCE. “Working with eFunds to establish the IIP Gateway will help facilitate the full roll-out of SafeDebit and bring its benefits to consumers, financial institutions and retailers more quickly and efficiently.”

“For eFunds, expanding our support for this innovative payment product is perfectly aligned with our goal to help open up the Internet to secure debit payments and spur the growth of e-commerce,” said Jerry Lester, president of eFunds’ Financial Institutions and Networks division.

About eFunds

eFunds delivers innovative, reliable and cost-effective technology solutions to meet its customers’ payment and risk management, e-commerce and business process improvement needs. eFunds provides its services to financial institutions, financial services companies, electronic funds networks, retailers, government agencies, and e-commerce providers around the world. For more information, visit www.efunds.com.

About NYCE

Headquartered in Woodcliff Lake, NJ, NYCE Corp. is one of the largest electronic payments companies in the U.S. The NYCE Network provides financial institutions and retailers with shared network services for automated teller machines (ATMs), online debit, point-of-sale and electronic benefits transfer transactions. Currently, the network has 2,400 financial institution participants and services more than 47 million cardholders through 38,000 NYCE-branded ATMs and 224,000 point-of-sale retailer locations. The company processes nearly 93 million transactions each month. In addition, NYCE Corp. provides financial institutions with real-time processing services that support ATM management and monitoring services as well as debit card issuance and authorization solutions. With innovations such as SafeDebit(TM), a PIN-secured debit payment solution, NYCE is a frontrunner in the payments industry. NYCE’s Web site address is [www.NYCE.net][1].

Global SafeDebit(TM) Transaction Process

Because the Internet is a global medium, its payment options must also be. NYCE has partnered with technology companies in the United States, Europe and Australia to ensure that SafeDebit is truly a worldwide product. A SafeDebit transaction is routed from the consumer’s PC through multiple processing points around the globe (see below) until an approval message is routed back to the consumer from his/her financial institution – a full circle that takes only about 10 seconds to complete.

1. Cardholder The consumer selects SafeDebit as the desired payment method on the Web site. The card is inserted into the CD-ROM drive and the consumer then enters a PIN (Personal Identification Number). A message then appears from the consumer’s issuing financial institution and the transaction is launched.

2. Merchant Web Site The virtual shopping site’s merchant processor acquires the transaction in encrypted format and forwards it to the IIP for authorization.

3. Internet Intercept Processor (IIP) Gateway The IIP decrypts certain card data and sends the reformatted information to an electronic funds transfer (EFT) network.

4. Electronic Funds Transfer (EFT) Network The EFT network then routes the transaction to the consumer’s financial institution for authorization.

5. Financial Institution The financial institution verifies the consumer’s PIN, authorizes the transaction, deducts the money from the consumer’s account and forwards the funds for deposit into the Web merchant’s bank.

6. Cardholder The financial institution sends a transaction authorization message back through the EFT network, the IIP, which forwards it to the Web merchant for display to the consumer, who receives an on-screen message that the transaction is complete.

[1]: http://www.nyce.net/


Authorize.Net Grows

InfoSpace, a leading global provider of cross-platform infrastructure products and services on wireless, broadband, and narrowband platforms, announced that momentum continues to build as its Authorize.Net Payment Processing Platform reports more than 100,000 merchants have signed up to utilize the service. Additionally, InfoSpace today announced the launch of a private-label payment processing service enabling financial institutions, independent sales organizations (ISOs) and resellers to offer online payment processing to their merchant customers under their own brand.

The news follows closely recent announcements by InfoSpace of enhancements to its Authorize.Net service, such as wireless payment processing on mobile devices, that are designed to continue driving merchant adoption as InfoSpace seeks to establish Authorize.Net as the default payment-processing platform for merchants worldwide.

“This announcement represents a major milestone for InfoSpace as we continue to build our network of offline and online merchants looking to us to provide them with innovative solutions that help them to leverage Internet technology to grow their business,” said Naveen Jain, chief executive officer of InfoSpace.

InfoSpace’s Authorize.Net Service

InfoSpace’s Authorize.Net(TM) service has been pioneering online payment processing solutions since 1996 providing server-based payment solutions that enable merchants to process transactions in a secure, real time environment 24 hours a day and in over 150 currencies. The Authorize.Net service has grown to include more than 100,000 merchants enabled to authorize, process, and manage credit card and electronic check transactions in a real-time, online environment on mobile devices and Internet enabled personal computers.

About InfoSpace

InfoSpace is a leading global provider of cross-platform merchant and consumer infrastructure services on wireless, broadband, and narrowband platforms. The company provides commerce, information, and communication infrastructure services to wireless devices, merchants, and Web sites. InfoSpace’s partners encompass a global network of wireless, PC, and non-PC devices, including cellular phones, pagers, screen telephones, television set-top boxes, online kiosks and personal digital assistants. InfoSpace has relationships with AT&T Wireless, Cingular Wireless, Intel, Virgin Mobile, Verizon Wireless, Hasbro, National Discount Brokers, and Bloomberg, among others. InfoSpace’s affiliate network also consists of more than 3,200 Web sites that include AOL, Microsoft, NBC’s Snap, Lycos, and ABC LocalNet. InfoSpace is also positioned to tap the market for broadband wired (DSL and cable) and broadband wireless (2.5G and 3G) services, such as interactive gaming, television and other entertainment services. In addition, the company recently added back-end payment processing to InfoSpace’s existing commerce services, allowing InfoSpace to offer everything a merchant needs to conduct the entire lifecycle of a transaction, one of the key drivers of mobile commerce adoption.


MIST Expansion

Canadian-based MIST Inc. announced Friday it is expanding its operations by opening new offices in the U.S. and Japan. The U.S. office will be based in Phoenix, and Asian operations will be coordinated from offices in Tachikawa-city, Japan. The Company says the future for wireless transactions is very bright and it is time to reach into the US and Asian markets. The firm has already acquired certifications from several of the largest U.S. processors. During the past year, MIST’s revenue increased by more than 22% from $32.9 million to $40.2 million. The company employs approximately 200 persons.


Card Hacks

The FBI’s National Infrastructure Protection Center confirmed Thursday that more than 40 businesses located in 20 states have been victims of organized hacker activities specifically targeting U.S. computer systems containing personal credit card data. The FBI investigations thus far have disclosed several organized hacker groups from Eastern Europe, specifically Russia and the Ukraine, that have penetrated U.S. e-commerce computer systems by exploiting vulnerabilities in unpatched Microsoft ‘Windows NT’ operating systems. Many of these so-called “patches” have been available for more than two years. More than one million credit card numbers have been compromised to-date. After notifying the victim company of the intrusion and theft of information, the hackers generally make a veiled extortion threat by offering Internet security services to patch the system against other hackers. The usual ransom is $100,000 cash. The hackers tell the businesses that without their services, they cannot guarantee that other hackers will not access the network and post the credit card information and details about the compromise on the Internet. If the victim company is not cooperative in making payments or hiring the group for their security services, the hackers’ correspondence with the victim company has become more threatening. Investigators also believe that in some instances the credit card information is being sold to organized crime groups. The news from the FBI’s NIPC comes as the Internet crimes division is under fire from Washington lawmakers.


Arbitration Waived

The Maryland Court of Appeals ruled yesterday that credit card customers of Chevy Chase Bank can proceed with a lawsuit regardless of the bank’s notice that all disputes have to be resolved through arbitration. Chevy Chase, which sold its credit card portfolio to First USA in 1999, notified cardholders in early 1996 of the arbitration requirement. The arbitration clause was added at the same time the firm relocated its credit card division to Virginia to avoid Maryland’s 24% interest rate cap on credit cards. Chevy Chase was among the first card issuers in the USA to introduce punitive interest rates on high risk cardholders. At the time, Chevy Chase imposed rates as high as 28% on some cardholders. The Maryland court said yesterday that the federal arbitration law does not preempt Maryland law. The class action suit claims Chevy Chase breached its promise not to exceeded Maryland’s usury laws. (CF Library 9/3/98)



Cash Technologies, Inc. announced it has signed a Strategic Alliance Agreement with Western Union Financial Services, Inc., a subsidiary of First Data Corp., to facilitate the delivery of a variety of Western Union’s financial services through ATM and POS terminals using Cash Tech’s EMMA transaction processing platform.

“Advanced function ATM and POS terminals are an important new distribution channel for traditional financial services,” said Bruce Korman, CEO of Cash Technologies. “The EMMA technology brings a great deal of value to this strategy and the addition of Western Union’s market leading financial products will accelerate Cash Tech’s ability to deploy its services throughout the industry.”

About Cash Technologies

Cash Technologies, Inc. ([http://www.cashtechnologies.com][1]) develops and markets innovative e-commerce systems, including the EMMA(TM) transaction processing software and the multifunction ATM-X(TM) and POS-X(TM) client software. Through EMMA, consumers and businesses may access a wide variety of financial services via ATMs, POS terminals and the Internet. Check cashing, electronic bill payment, event ticketing, interactive advertising, Internet-based products and other functions will be offered at retail locations and on ATMs using a variety of payment methods, including ATM cards, credit cards, checks and cash.

[1]: http://www.cashtechnologies.com/


Givex Gift Cards

Network Commerce Inc., the global technology infrastructure and services company, announced a joint agreement between their GO Software division and Givex USA Corporation, a subsidiary of Givex Corporation, North America’s premier gift certificate solution provider.

Under this agreement, Givex Corporation will provide Network Commerce with the technology to launch the company’s first gift certificate management tool. Givex’s technology will be integrated with PCCharge products and enable merchants to sell and redeem gift certificates in real time directly through their point-of-sale systems. The Givex technology provides merchants with a single solution for tracking and managing every form of gift certificate — including gift cards and e-gift certificates.

“We are pleased to be able to offer a gift card solution as an option to our customers,” said Tony Abruzzio, vice president and general manager of Network Commerce. “This relationship was driven by our existing customer base, especially point-of-sale software developers who were asking for an easy way to integrate gift card solutions into their software.”

Pete Catoe, president of ECR Software Corporation said, “Our customers have been asking for a payment processing solution that has gift card capabilities. Now, with PCCharge we can provide a seamless solution to our Catapult dealer channel.” ECR’s Catapult Retail Enterprise Automation product is a point-of-sale solution that uses PCCharge Payment Server to process electronic transactions.

“The alliance combines the strengths of two powerhouse organizations,” said Don Gray, chairman and chief executive officer of Givex USA Corporation. “This partnership will optimize user experience and provide the real-time gift card solution PCCharge customers have been asking for.” Givex gift certificate technology will be available in PC Charge Pro, PC Charge Express and as an integrated solution in PCCharge Payment Server.

About Network Commerce Inc.

Established in 1994, Network Commerce Inc. ([http://www.networkcommerce.com][1]) is the global technology infrastructure and services company. Network Commerce provides a comprehensive technology and services platform including domain registration services, hosting services, e-commerce services, business services, one-to-one marketing services, wireless technology, and online marketplaces. Network Commerce’s technology and services platform operates on the infrastructure of four data centers, over 500 servers, and bandwidth of 50 megabits per second. Network Commerce is headquartered in Seattle. In 1999 Network Commerce acquired GO Software, the creator of PCCharge and RiTA software.

About Givex Corporation

Givex Corporation ([www.givex.com][2]) is North America’s premier gift certificate solution provider for the retail and hospitality sectors. Givex seamlessly integrates point-of-sale (POS) devices — LAN-based registers, credit card terminals, kiosks and the telephone — with the Internet to create a secure real-time gift certificate management system. Givex technology provides merchants with a single solution for tracking and managing every form of gift certificates across multiple sales channels. Current customers include Cadillac Fairview Shopping Centers, Kelsey’s Restaurants and Montana’s Saloon, Play-it-again Sports, Playdium and Faces Cosmetics. Givex currently has over 6,000 points of presence across North America. Patents are pending for the Givex technology in Canada and the United States.

[1]: http://www.networkcommerce.com/
[2]: http://www.givex.com/



Smart Chip Technologies Inc. and Transaction Software Inc., a payment systems development specialist for VeriFone, a division of Hewlett-Packard, Thursday announced they have entered into a joint agreement to develop e-llegiance, the next-generation of SCTN’s patent-protected Smart Chip Loyalty applications, to run on VeriFone Verix point-of-sale terminals.

TSI will take an equity position in SCTN as part of the agreement. SCTN recently introduced e-llegiance, its multi-platform, patent-protected loyalty application. Designed to run on any Global Platform or Visa Open Platform compliant Smart Card or POS device, the product has been engineered to fully integrate with all major credit/debit payment programs. The common loyalty platform can process loyalty credits originating from magnetic stripe, stored-value, cash, check, or smart chip-based credit/debit transactions, fully supporting the international banking and credit industry migration to smart chip-based payments.

TSI will use the VeriFone Verix Developer Toolkit for rapid development of e-llegiance(TM) integrated with VeriFone’s SoftPay(TM) e-payment software running on Omni(TM) 3350 POS terminals. SCTN and Seattle-based Merchant Service Group plan a 2001 implementation of the e-llegiance(TM) loyalty application. VeriFone’s SoftPay e-payment software provides both comprehensive merchant-ready payment applications and a turnkey solution for the retail, restaurant, rental, and lodging industries. The VeriFone Omni 3350 POS terminal features true application separation to support multiple applications running on the same terminal.

The Omni 3350 can process all forms of e-payment including magnetic stripe, smart card and stored value, and is secured by VeriFone’s VeriShield security architecture. In addition, the Omni 3350 features a 32-bit processor with a 14.4K modem, generous memory optimized with dynamic memory allocation, and a 12.5 lines-per-second integrated printer.

“We believe SCTN’s e-llegiance(TM) smart card loyalty application is the type of multi-application smart card solution needed to foster the growth of smart card-based payments in the U.S.,” said Phil Lockerbie, director, North American field marketing at VeriFone.

“Integrating SCTN’s flexible consumer loyalty product with VeriFone’s powerful, multi-application Omni 3350 and SoftPay e-payment software will offer additional value to merchants looking for ways to extend their terminal investment.”

“We are very pleased to have a strong development partner like TSI to provide us with critical software integration services,” said Jim Williams, president and chief executive officer of Smart Chip Technologies Inc. “We are receiving numerous inquiries about e-llegiance(TM). Offering the fully integrated solution with VeriFone’s SoftPay e-payment software will expedite the introduction of the system and position us well in the emerging market for smart card-based loyalty applications.”

About Smart Chip Technologies (SCTN)

Smart Chip Technologies Inc. (www.sctn.com) is an application service provider specializing in end-to-end loyalty and cause marketing solutions designed to run on smart devices. e-llegiance(TM), the newest Smart Chip Loyalty offering, establishes a common platform for loyalty and payment integration, all managed within the SCTN patent-protected software applications.

The powerful LoyaltyCentral(TM) back-end transaction system provides loyalty program management services including the reconciliation and distribution of incentive credits from an unlimited number of sources.

The e-llegiance(TM) solution provides maximum flexibility in the management of click-and-mortar incentive programs, establishing business continuity between the physical, mobile and virtual worlds.

SCTN owns the technology-independent, business methodology patents, entitled “Method and System of Allocating and Redeeming Incentive Credits Between a Portable Device and a Base Device,” issued in the United States, Australia, and Mexico, and pending in Canada and Japan.

The patent-protected methodology promotes a common platform for all consumer rewards schemes, encompassing any and all loyalty programs utilizing customer carried devices, such as smart cards, cell phones, personal digital assistants, TV set-top boxes, or laptop computers.

About Transaction Software Inc. (TSI)

Transaction Software Inc., a payment systems development specialist based in Dallas, develops credit/debit processing, check approval and conversion, and electronic benefits transfer systems for VeriFone and other POS device platforms. TSI actively participates in the VeriFone Early Adopter program with access to the latest payment software and POS devices. TSI’s other clients include American Airlines, 7-11, Tandy/Radio Shack, PCS Healthcare, Patterson Dental, Research In Motion, Pizza Hut, and the Japanese Radio Corp.

About VeriFone

VeriFone ([http://www.verifone.hp.com][1]), a division of Hewlett-Packard Co., is the leading global provider of secure electronic-payment solutions for financial institutions, merchants and consumers. The division has shipped more than 9 million electronic-payment systems, which are used in more than 100 countries.

About HP

Hewlett-Packard Co. — a leading global provider of computing and imaging solutions and services — is focused on making technology and its benefits accessible to individuals and businesses through simple appliances, useful e-services and an Internet infrastructure that’s always on. HP has 88,500 employees worldwide and had total revenue from continuing operations of $48.8 billion in its 2000 fiscal year. Information about HP and its products can be found on the World Wide Web at [http://www.hp.com][2]. Further information about VeriFone can be accessed at [www.verifone.hp.com][3] or by contacting Jennifer Gordon, Eastwick PR for VeriFone, 650/480-4012 or Jennifer.Gordon@eastwick.com. Further information on SCTN can be accessed via the corporate web site, [www.sctn.com][4], by contacting SCTN Investor Relations at 801/685-7676 or by writing InvestorRelations@sctn.com or Marketing@sctn.com.

[1]: http://www.verifone.hp.com/
[2]: http://www.hp.com/
[3]: http://www.verifone.hp.com/
[4]: http://www.sctn.com/


AmEx 7-Eleven ATMs

7-Eleven signed an agreement for American Express to be the primary provider of ATM services for 7-Eleven stores’ financial services kiosks. ‘V.com’ is 7-Eleven, Inc.’s web-enabled, integrated financial services kiosk that merges the capabilities of an ATM with the benefits of the Internet. AmEx, which currently provides ATM services for about 90% of 7-Eleven’s 5,300 stores in the USA, will now provide ATM services on ‘V.com’ in all the areas where the AmEx holds 7-Eleven ATM contracts. The ‘V.com’ pilot is now in beta test at five 7-Eleven locations in Dallas. 7-Eleven will next conduct a transactional test in an additional 89 stores in Texas and Florida with the anticipation of adding ‘V.com’ to 7-Eleven stores nationally starting as early as the end of this year. Late last year, AmEx signed a pact with 7-Eleven to offer a reloadable, prepaid gift card and an Internet shopping card. (CF Library 2/6/01; 2/28/01)



First Data Merchant Services, a subsidiary of global electronic commerce and payments leader First Data Corp., announced it has signed a long-term merchant processing agreement with Payment Resources International, an Independent Sales Organization and one of the industry’s largest and fastest growing international ISO organizations.

The merchant processing agreement provides transaction and authorization processing, settlement and other services to Payment Resources International merchant customers. Using First Data Merchant Services’ Omaha processing platform, which is used by many of the industries’ largest Independent Sales Organizations, Payment Resources International will be capable of customizing solutions for their merchants.

“We are very pleased to partner with Payment Resources International, an extremely innovative ISO organization which has a proven track record of success with a wide array of merchant clients throughout the world,” said Kurt Strawhecker, senior vice president, First Data Merchant Services. “This agreement once again illustrates that First Data is a leading provider of processing capabilities for Independent Sales Organizations.”

According to Andrew M. Phillips, president and CEO of Payment Resources International, “First Data offers a very robust, high quality processing system and has successfully supported a large variety of business solutions for our varied client base. By partnering with First Data we now have the products we need to continue our growth. First Data has been extremely responsive to Payment Resources International and we looking forward to a long mutually beneficial relationship.”

About First Data

Atlanta-based First Data Corp. helps move the world’s money. As the leader in electronic commerce and payment services, First Data serves more than two million merchant locations, 1,400 card issuers and millions of consumers, making it easier, faster and more secure for people and businesses to buy goods and services using virtually any form of payment. With more than 27,000 employees worldwide, the company provides credit, debit and stored-value card issuing and merchant transaction processing services; Internet commerce solutions; Western Union money transfers and money orders; and check processing and verification services throughout the United States, United Kingdom, Australia, Mexico, Spain and Germany. Its money transfer agent network includes approximately 101,000 locations in more than 185 countries and territories. For more information, please visit the company’s Web site at [http://www.firstdata.com][1].

About Payment Resources International

Payment Resources International is an aggressively expanding organization based in Newport Beach, California. The company was established in 1998 by founders with 20 years of experience in the processing industry. PRI merchants processed over 66 million transactions in the year 2000 and will more than double that number in 2001.

Services offered to their merchants include credit card and debit card processing with online statements (PRIview), ACH services via terminal, PC software and online Internet access, a gift and reward card program, and a extensive offering of Internet e-commerce solutions from easy startup to fully customized sites.

[1]: http://www.firstdata.com/


OMNI 3600

VeriFone yesterday introduced the ‘Omni 3600’ a wireless, portable, multi-application e-payment terminal. The new terminal has a triple-track magnetic-stripe reader, primary smart card reader, and internal PINpad to support credit, debit, and smart card-based transactions. The smart card reader is compliant with EMV standards. Three ‘Security Access Modules’ help safeguard sensitive financial data and support multiple smart card schemes. The new portable terminal utilizes VeriFone’s global e-payment platform, which includes VF’s ‘Verix’ operating environment to support and run multiple applications on a single device. The terminal also comes with VeriFone’s ‘VeriShield’ security architecture. The ‘Omni 3600’ has a large graphical display and high-speed, integrated thermal printer render logos, graphical fonts and character-based languages at up to 15 lines per second. The portable also has an interchangeable, lithium-ion battery that handles up to 100 transactions, including printing, on a single charge. The terminal base also includes a fast 14.4 Kbps modem to streamline batch settlement, perform remote software downloads, and provide backup transaction processing if needed.