NEWS ROUNDUP 1994-02-07 (3)
VeriFone and INC in Global PactiFone, a point-of-sale systems manufacturer here, and Integrated Network Corp., a Bridgewater, N.J.-based maker of network access equipment, have signed a worldwide marketing agreement. Together, the two companies will promote digital data-over-voice (DDOV) technology to transaction processing companies.Developed and patented by Integrated Network, DDOV lets data and
February 7, 1994
VeriFone and INC in Global Pact
iFone, a point-of-sale systems manufacturer here, and Integrated Network Corp., a Bridgewater, N.J.-based maker of network access equipment, have signed a worldwide marketing agreement. Together, the two companies will promote digital data-over-voice (DDOV) technology to transaction processing companies.
Developed and patented by Integrated Network, DDOV lets data and voice transmissions be sent simultaneously over a single telephone line. It reduces response times for credit and debit card transactions to as few as five seconds, compared with up to 30 seconds using conventional technologies. Retailers can shorten checkout lines, even during peak periods, while cutting telecommunications costs.
Marketing efforts initially will focus on the United States and China, where installation of DDOV technology is already under way, and Spain and Ireland. Later this year, Europe and the Pacific Basis will be targeted.
"By combining marketing and technical resources, the two companies will provide complete digital data-over-voice-based solutions tailored to meet the needs of banks, service providers and merchants," said Leonard Eisenstein, INC's vice president of worldwide sales.
Executives Honored For Store Designing
FALLS CHURCH, Va. -- Three food-distribution executives will receive awards this month for achieving the status of Certified Professional Supermarket Designers. Included in the trio is the first woman to receive the designation in the 20-year history of the program.
The recipients are: J. Kathy Moody, engineering manager at Supervalu, Xenia, Ohio; Dan Bertocchini, store planning manager at Fleming Co., Geneva, Ala., and Alejandro Calderon, manager of international planning for Fleming Co., Oklahoma City.
The certification, sponsored by the National-American Wholesale Grocers' Association here, recognizes the recipients' knowledge of store design, including site selection and development, store size and cost projections, layout and architectural considerations and equipment use.
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