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Systech And Echosat Announce Satellite-Based IP Payment Solution
San Diego - Mar 16, 2004 Systech Corp. has announced an alliance with EchoSat to deploy Systech Internet Payment Gateways to convert dial-up payment transactions to faster, IP-based transactions over EchoSat satellite networks. Under the agreement, EchoSat will re-market Systech dial to IP conversion gateways to EchoSat merchants as part of a turnkey solution. Systech Internet Payment Gateways convert dial-up payment transactions to high-speed IP transactions. The gateways connect POS payment terminals, POS payment controllers and ATMs to the EchoSat network. The EchoSat network transports the transactions to the EchoSat HUB, and then forwards them via a secure Internet connection to the merchant's payment processor of choice. The Systech/EchoSat IP transactions adhere to industry-standard SSL encryption specifications. Merchants benefit from both higher-speed transactions and recurring cost savings from eliminating dedicated dial-up telephone lines. "Systech gateways allow our customers to more rapidly process payment transactions, benefit from lower transaction rates and simultaneously lower their telephony costs," said Lee Rutherford, CEO of EchoSat. "The payback is clear, and the excitement is high. EchoSat's customers can benefit from a total communications solution, featuring very fast, secure payment transactions, a private, managed WAN, along with high-speed Internet access. "Systech's solid-state routing and connectivity solution, and their partnership positions with leading payment processors allows us to expand our value proposition to include new, low-cost electronic payment solutions." "The seamless mix of satellite and Internet transports offered by EchoSat is a powerful combination," said John Stafford, Systech's director of payment systems. "Effectively, EchoSat also becomes the merchants' Internet Service Provider (ISP) with a simple, fixed-price, nationwide broadband IP solution. This can be very attractive for large merchants whose alternatives include an impossibly complex menu of broadband and dial service offerings ... often requiring multiple vendors, each with geographic limitations falling short of the merchant's reach." Community Email This Article Comment On This Article Related Links Systech Echosat SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express Satellite-based Internet technologies
iPod Dominance A Mirage
Chicago (UPI) Jan 09, 2006Though Apple Computer has reported remarkable success with its iPod - sales rose by 250 percent during the last fiscal year - there is some competition coming this week for the developer of the world's most famous, legitimate music downloading network, experts tell United Press International's Networking. |
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