Systech and EchoSat Partner to Offer Satellite-Based IP Payment Solution

Monday 15 March 2004 16:52 CET | News

Systech has partnered 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 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.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ,
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce