National Transaction Network, Inc. - NTRN- Profile

National Transaction Network, Inc., a subsidiary of IVI Checkmate Inc., designs, develops, integrates, markets and maintains electronic payment systems for use in retail applications. These software products are used in electronic payment transactions including the collection of payment-related data at the point of sale, transmission of this data to a processing computer, collection of completed transactions and the processing of these transactions for accountability, funds management and reporting reasons. The company also provides professional services for the start-up and on-going support of these systems. Mainsail(TM) and PINnacle(TM) are among the products sold by the company. The customers of the company include large retail companies mainly the supermarket industry. Albertson's Inc, a large supermarket contributed for 41% of total revenues in 1999. IVI Checkmate Inc has signed an agreement with the company to acquire the remaining 18% of the company's common stock. Software and services accounted for 51% of 1999 revenues and systems and equipment, 49%.