STRATEGIC PARTNERS
May 27, 2003
SOUTH HACKENSACK, N.J. -- Transaction processor Innobeta Systems, Inc., will mark its one-year anniversary on June 12.
In its first year of operation, Innobeta has nearly doubled its business each month, said Eric Park, Innobeta's chief executive, in a news release.
Park said that Innobeta customers can choose from a range of connectivity options, including leased line, dial-up, CDPD, wide-area or local area networks (WAN or LAN).
Innobeta also provides a data management tool built around a Web-based reporting system that gives users secure, real-time access to transaction data.
"In a business where hundreds or even thousands of transactions can flow through in an hour, our real-time approach allows our customers to analyze transaction patterns instantly," Park said in the release.
Another strength, according to Park, is Innobeta's ability to process additional services including pre-paid wireless recharging, pre-paid long distance plans, money transfer, check cashing, event tickets or bill payments.
According to the release, Innobeta supports ATM terminals from more than a dozen manufacturers.
The company's goal for its second year, said Park, is to "increase functionality while at the same time reducing costs."
