Innobeta converts Money Marketing ATMs

Innobeta converts Money Marketing ATMs
Tags: Transaction Processing
April 16, 2003

SOUTH HACKENSACK, N.J. -- Transaction processor Innobeta Systems, Inc. has converted nearly 2,000 ATMs under contract with ISO Money Marketing, Inc. to the Innobeta processing platform.

"Merchants who own ATMs serviced by Money Marketing will now benefit from stepping up to our secure Web-based approach to data management," said Eric Park, Innobeta's chief financial officer. "They'll be able to monitor transactions in real time, troubleshoot problems and simplify their settlement and reconciliation processes."

As a result of the conversion, Park said, Innobeta now processes some one million Money Marketing transactions per month.