IVI Checkmate Corp. announced last week that its Elite 780 has received certification from the Royal Bank of Canada, and becomes the first fully portable long range wireless terminal available in Canada for both debit and credit applications.
The Elite 780 is one of several wireless terminals offered by IVI Checkmate, and is the first certified by the Royal Bank to accept debit transactions at the point-of-sale. With a built-in modem and thermal printer, the Elite 780 is a complete portable POS solution that is compact, lightweight and ideally suited to portable applications where the terminal is brought to the customer.
The Elite 780 will be targeted by the Royal Bank to mobile and service/hospitality businesses such as home repair businesses, delivery services, portable sales kiosks, taxi cabs and limousines, restaurants and petroleum full-service stations.
“This wireless terminal gives merchants the first portable payment solution that offers consumers the ability to choose between debit or credit whatever best suits their needs,” says Frank Moore, Vice-President, Merchant and Point of Sale Services, Royal Bank. “With the phenomenal growth of debit in this country, unmatched anywhere else in the world, it is important to combine both debit and credit functions into one portable payment terminal.”
With this new terminal, clients of Grocery Gateway will be able to do their shopping online at www.grocerygateway.com and then pay for their purchases with debit or credit when they are delivered to their door. “The Elite 780 terminal with debit capability means our clients can choose between paying with their debit card, the most commonly used form of payment for groceries in Canada, or credit,” says Bill DiNardo, president of Grocery Gateway, a Toronto-based internet grocery shopping company that offers home delivery to the Greater Toronto area. “This is a great step forward for e-commerce in Canada.”
The Elite 780 with debit card functionality has a distinct competitive advantage over other wireless terminals currently available in that IVI Checkmate’s mobile payment terminals have been designed to transmit transactions on Cantel AT&T’s Mobitex network. The Mobitex network is a wireless system that is dedicated to processing data instead of voice, which is the most common wireless signal. As a result, the payment transaction signal carried via Mobitex does not have to compete with voice signals, resulting in greater reliability.
Rogers Cantel has approximately 1.8 million wireless subscribers in Canada. Rogers Cantel Mobile Communications Inc. (TSE:RCM.B); (NYSE:RCN), an 81% owned subsidiary of Rogers Communications Inc., owns and operates Canada’s largest wireless company. Rogers Cantel offers a full range of wireless communication services including voice, data and paging under the co-brand Cantel(R) AT&T(TM).
Royal Bank (ticker symbol: RY) is Canada’s premier global financial services group and a leading provider of personal and business banking, corporate and investment banking, and wealth management services. As one of North America’s largest financial institutions, Royal Bank and its key subsidiaries Royal Trust, RBC Dominion Securities, RBC Insurance, and Royal Bank Action Direct have 60,000 employees who serve 10 million clients through more than 1,500 branches and offices in 36 countries.
IVI Checkmate Corp. also announced last week an order for its eN-Check 430 check reader from Chicago-based LaSalle Bank Group.
LaSalle, a subsidiary of ABN AMRO Bank N.V., is installing the eN-Check 430 as part of its branch-wide implementation of a state-of-the-art teller system. The eN-Check 430 is a key component in LaSalle’s effort to improve customer service through automated accurate check reading and check fraud deterrence. LaSalle is the tenth financial institution this year to implement IVI Checkmate products in their bank branches.
Maureen Murphy, First Vice President & Manager, of LaSalle’s Retail Bank Group, commented, “The acceptance of the eN-Check 430 by our tellers has been nothing short of outstanding. We have exceeded our productivity goals for improved check acceptance by a wide margin. The MICR reading accuracy and `hand back/hold away` features of the eN-Check 430 have contributed to our tellers ability to service more customers in a shorter time period.”
Greg Lewis, President and CEO of IVI Checkmate’s U.S. Operations, said, “Banks are increasingly looking towards technology to improve customer service and reduce operating costs. LaSalle and many other banks have found immense value in the eN-Check 430’s superior reliability, outstanding read accuracy and industry leading fraud detection capabilities.”
The LaSalle Bank Group, which consists of LaSalle Bank FSB, LaSalle Bank N.A., and LaSalle National Bank, are subsidiaries of ABN AMRO Bank N.V., the 8th largest bank (by Tier 1 capital) in the world, with approximately $490 billion in assets and more than 1900 locations in 71 countries around the globe. ABN AMRO’s holdings in North America also include EAB, a commercial and retail banking subsidiary servicing the New York Metropolitan area, and Troy, Michigan-based Standard Federal Bank, which provides retail, mortgage and commercial banking services throughout Michigan.
IVI Checkmate is the third largest electronic payment solutions provider in North America. IVI Checkmate is a full-service solutions provider in the U.S., Canada, and Latin America serving the retail, financial, hospitality, banking, healthcare and transportation industries. With offices in the U.S. and Canada as well as established strategic alliances and worldwide partnerships, IVI Checkmate is well positioned to deliver leading products and global technologies to our customers.Details