STRATEGIC PARTNERS
July 28, 1999
LOS ANGELES, To boost its EMMA (e-commerce Message Management Architecture) system, Cash Technologies has formed an alliance with San Jose based BEA Systems. Cash Technologies will use BEA TUXEDO's transaction middleware product and the Windows(R) NT(TM)/Intel computing environment designed to achieve mainframe-caliber reliability for crucial applications. EMMA is designed to conduct multiple simultaneous, complex financial transactions on virtually any system -- from ATMs to desktop computers. EMMA is designed to allow a customer to get a money order, a pre-paid phone card and a savings account withdrawal in the same transaction at an ATM. Typically, ATM systems use older and more costly mainframe computers, making it more difficult and costly to add new services. Using EMMA with BEA TUXEDO and Windows companies can quickly deploy new services and reduce the cost of developing new ATM kiosks. "Our partnership with BEA helps provide EMMA with the reliability and scalability of some of the world's largest financial e-commerce applications that run BEA TUXEDO, including systems at Nasdaq, E*Trade, and Amazon.com," said Bruce Korman, president and CEO of Cash Technologies, Inc." But unlike those applications, which rely on mainframe systems each having a highly specialized purpose, EMMA uses BEA TUXEDO to provide an information pipeline to move multiple transactions across virtually any system -- from ATMs and PCs to the financial networks and the Internet." The services EMMA can process include: electronic bill payment; real-time activated pre-paid phone cards; money order issuance; event ticketing; check cashing; Internet based e-commerce products and services; currency deposits; interactive advertising; marketing data acquisition; biometric identification techniques, as well as traditional cash dispensing and other ATM functions.
