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 merchants 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.
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