INETCO Systems Limited

INETCO Systems Limited

November 14, 2006 09:01 ET

INETCO Unveils Real-Time Transaction Performance Management Software Solution for the Financial Industry

TRAP provides real-time, actionable transaction information for ATM, business and security managers

LAS VEGAS, NEVADA--(CCNMatthews - Nov. 14, 2006) - At the BAI Retail Delivery Conference in Las Vegas, INETCO Systems Limited announced the launch of TRAP, a real-time transaction performance management software solution designed to help financial institutions and ATM processors make proactive network decisions to guarantee maximum ATM uptime. INETCO is first to offer members of the financial industry a customized software solution built specifically to address their lack of real-time monitoring and management tools for Internet Protocol (IP) transaction networks.

TRAP taps into IP transaction streams, analyzes the messages, and provides critical information in a meaningful, actionable way. TRAP's unique web-based dashboard interface displays up-to-the-second transaction information that allows ATM Managers to know at a glance how their ATMs are performing. Problems are identified before hard failures occur, reducing ATM downtime and improving the company's quality of service. Using TRAP, hardware and network issues are quickly isolated and troubleshooting processes become more streamlined. Independent transaction logs are also kept to allow organizations to easily generate billing and performance reports as well as verify outsourced transaction charges and service levels.

"In transaction processing, ATM downtime is the enemy which creates lost revenue for all parties involved," says Doug Epp, General Manager of Calypso Canada and Calypso Europe. "We were looking for a transaction monitoring system that would provide total command and control over all of the critical event data originating from multiple sources including the ATM and communication networks. INETCO has delivered with a product that provides the total transaction visibility required to maximize ATM uptime. With the real-time dashboard interface, I can immediately determine if our business is functioning as expected. INETCO is unique in its ability to correlate network and transaction data, providing us early warning of potential problems."

The TRAP technology is also significant as it utilizes a new distributed event processing technology recently developed by INETCO to address the management and performance needs of converged data, voice and video IP networks.

"As our customer's needs evolve and become more sophisticated, so will our product line," says Bijan Sanii, INETCO Systems President and CEO. "TRAP signifies a new generation of products from INETCO aimed at providing our customers with information necessary to make proactive decisions that will have a direct and positive impact on their bottom line."

About INETCO

INETCO Systems Limited has been delivering network communications and performance management products for payments transactions since 1984. These products are currently being deployed by financial institutions, telephone companies, and other organizations world-wide for which transactions and distributed events are mission critical. For more information, visit the company's website at www.inetco.com.

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