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Redmond, WA, May 19th, 2004 - TPI Software, LLC, the developer
of TPI Payment Server and a leading provider of innovative payment processing
solutions for retail and online merchants, announces support for payment
processing with Concords EFS Gift/Loyalty Cards in its Payment Server platform.
The TPI Payment Server enables merchants to securely process payments in
retail, e-commerce, mail order and wireless industries using the Internet as
the primary communication channel resulting in 3-5-second transaction times.
TPI Software also provides a software developer kit (SDK) that enables third
party application developers to easily and seamlessly integrate this
functionality, including line item detail, into their applications.
"The gift card market is booming and adding support for Concord EFS Gift/Loyalty
Cards is important in expanding our products reach." says Andy Chau, CTO of TPI
Software. "Gift Card sales grew 50% from 2002 to 2003 totaling close to $45
billion in 2003 with projected growth to be more than $90 billion in sales in
2007 according to the TowerGroup. Nearly 6 in 10 adults (59 percent) reported
purchasing and/or receiving a gift card in 2003; a 22% increase from 2002
according to a study conducted by Valuelink."
"Our technology can be combined so that it adds enormous value to merchants"
says Bill Pittman, President of TPI Software. "For example, we can combine our
ability to support RFID with gift/loyalty cards thus providing merchants a
contactless gift/loyalty solution that can be integrated with their existing
point-of-sale system resulting in a complete end-to-end solution for credit,
pin-based debit, electronic checks and a gift/loyalty."
TPI Payment Server is a scalable solution that was designed for easy integration
to support a broad range of needs from stand-alone merchants, multi-lane retail
outlets, on-line merchants operating their own Web sites to large Internet
Service Providers (ISPs) hosting multiple merchant sites. TPI Payment Server
provides businesses faster transaction processing, seamless updates, lower
cost, cross platform support and enhanced security without the on-going costs
of a gateway.
About TPI Software, LLC
TPI Software LLC, is a privately held corporation based in Redmond, WA, and is
the leading provider of innovative ePayment technologies for processing credit
card, debit/ATM card, EBT, electronic check services (verification, guarantee
& conversion) and electronic signature/receipt & check image capture
and retrieval services. TPI Software developed the TPI Payment Server
technology that supports the major US payment processors as well as integrated
ePayment client solutions that work on any device, at anytime and anyplace. TPI
Software’s technology is an alternative to the stand-alone single-function bank
terminals many businesses currently use to process payments and provides a full
suite of ePayment Web services that can be integrated into Electronic Commerce
environments, MOTO or retail point-of-sale systems. TPI Software has
established long-standing relationships with banks and institutions that help
process electronic payment transactions. TPI Software can be reached through
the Internet at http://www.TPISoft.com/ or by calling (425) 882-0921.
TPI Software is a trademark of TPI Software, LLC.
SmartPayments is a trademark of TPI Software, LLC.
Microsoft Windows is a registered trademark of Microsoft Corporation.
All other trademarks are the property of their respective owners.
TPI Software, LLC
17720 NE 65th Street, Suite 202
Redmond, WA 98052
Contact: Bill Pittman
Phone: 425.882.0921
Fax: 425.696.0057
Email: sales@tpisoft.com
http://www.TPISoft.com/
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