US Dataworks, Hyundai Syscomm tout success of ATM venture
May 15, 2007
HOUSTON - US Dataworks Inc., developer of payment-processing solutions, has shipped the first 200 ATMs of a 700-ATM order through a joint venture with Hyundai Syscomm Corp., d.b.a. mComm. Hyndai Syscomm provides next-generation mobile-communication system development.
According to a news release, the deal is valued at $3.5 million.
"We believe through this joint venture we will make significant headway in this new revenue channel," said US Dataworks chief executive Charles E. Ramey.