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.Details