VITAL
ADDS LIPMANS ENHANCED POS APPLICATION FOR RESTAURANT
AND RETAIL AS WELL AS THE NURIT 8000 WIRELESS TERMINAL
TO ITS PRODUCT OFFERING
Syosset, New
York, August 26, 2003
Lipman USA Inc., a global provider
of point-of-sale (POS) terminals and solutions, today
announced that Vital Processing Services® (Vital®)
has Class A Approved Lipmans retail and direct marketing
POS application to include restaurants for credit,
debit, EBT and commercial card processing for the following
terminals: NURIT® 2085, NURIT® 3000 and the
NURIT® 3010. Vital has also Class A Approved the
wireless NURIT® 8000 terminal to process through
Vitals network. These solutions will be fully supported
on Vitals award-winning merchant help desk.
The addition of Lipmans enhanced
POS application for restaurants and wireless terminal
solutions to Vitals terminal offerings provides Vitals
acquiring and Independent Sales Organization (ISO)
clients with additional targeted POS solutions to sell
and distribute to their restaurant, retail and direct
marketing customers.
" These new products will enhance Vitals product line by delivering highly
targeted POS solutions to meet the unique needs of our clients merchant customers.
Vital is focused on providing strategic solutions that provide exceptional value
at the point of sale, and we believe these Lipman offerings are in line with
that goal, said Debbie Grant, senior vice president of Products for Vital
Processing Services.
" We are pleased that Vital, one of the countrys largest acquiring processors
has endorsed our products with this approval," said Mony Zenou, President
and CEO of Lipman USA. Lipman is dedicated to providing its customers with cross-compatible
terminals that enable not only ease of use for merchants, but also provide processors
with the ability to support a wide range of products with minimal effort. Zenou
added, Lipman is committed to providing high quality, industry leading products
to the financial segments of the POS market.
About Lipman USA, Inc.
Lipman (www.misteriodeobanos.org) is a wholly
owned subsidiary of Lipman Electronic Engineering, Ltd. Operating worldwide,
Lipman ranks among today's premiere providers of robust, flexible, and highly
customizable electronic payment solutions. The leading supplier of wireless
point-of-sale terminals in the United States, Lipman manufactures fixed and
handheld transaction solutions that seamlessly integrate hardware, application,
and back-office software to help processors, providers, and the merchants they
serve do business better. Lipman Electronic Engineering, Ltd. is listed on
the Tel Aviv Stock Exchange under the symbol LPMA.TA
About
Vital Processing Services
The worlds recognized leader in technology-based commerce enabling services,
Vital Processing Services® (Vital®) brings the power of pure commerce
to more than 300 Acquirers and one million Merchants. Vital delivers highly
reliable, integrated end-to-end payment-related solutions to Acquirers and
their Merchants, and provides them with the information and tools to efficiently
manage their payment processing businesses. From authorizing and capturing
electronic payments at the Merchant point of sale, to clearing and settling
transactions, Vital is the only pure Acquirer processor in the industry. Vital
is a joint venture of Visa U.S.A. and TSYS® ("NYSE: TSS"). Additional
information regarding Vital can be found at www.vitalps.com.
Contact:
Virginia Shaffer
Vice President, Corporate Communications
Vital Processing Services
(480) 333 7671
Bernadette Ackerman
Director, Marketing
Lipman USA Inc.
(800) 454-7626
###
From time
to time the Company may issue forward-looking statements
that involve a number of risks and uncertainties.
The following are among the factors that could cause
actual results to differ materially from the forward-looking
statements: business conditions and growth in the
electronics industry and general economies, both
domestic and international; lower than expected customer
orders; delays in receipt of orders or cancellation
of orders; competitive factors, including increased
competition, new product offerings by competitors
and price pressures; the availability of third party
parts and supplies at reasonable prices; changes
in product mix; significant quarterly performance
fluctuations due to the receipt of a significant
portion of customer orders and product shipments
in the last month of each quarter; and product shipment
interruptions due to manufacturing problems. The
forward-looking statements contained in this document
regarding industry and revenue trends, new markets,
new product introductions, technology adoption, and
future business activities should be considered in
light of these factors
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