ATM
In addition to traditional cash dispensing and products purchases, the ATM-X™
and POS-X™ client software is designed to provide an array of non-banking
and Internet services with network support from Cash Technologies' EMMA™ platform.
Supported functions include: check cashing, bill payment, prepaid phone cards, money
transfer, event ticketing, customized advertising, Internet product sales and others.
Trillions of dollars are transacted each year through four primary channels: the
ATM network, the credit card (POS) network, the Automated Clearing House (ACH) network
(or its equivalents abroad) and cash. Yet the paths of communication between these
global methods of commerce are inflexible and cumbersome.
Cash Tech's E-commerce Message Management Architecture (EMMA™) system seamlessly
interfaces these networks with non-banking networks and the Internet, providing
the first practical solution for the implementation of e-commerce transactions on
ATMs and the introduction of payment processing into the Internet business-to-business
(B2B) environment.
Through EMMA, a virtually limitless array of transaction types can be offered on
an ATM or kiosk, including check cashing, electronic bill payment, real-time activated
prepaid phone cards, money order issuance, event ticketing, Internet-based e-commerce
products and services, currency deposits, interactive advertising, marketing data
acquisition, biometric identification techniques and traditional cash dispensing.
Many of these applications can be delivered through POS terminals and wireless devices
such as mobile phones and PDAs.
In the Internet environment, EMMA’s ability to manage financial information
and payment data within the same message structure provides new B2B capabilities
for Electronic Data Interchange (EDI) applications.
EMMA represents a technical breakthrough in financial transaction processing and
application development. It offers asynchronous, fully distributed, multi-tiered
processing - necessary to quickly execute complex transactions over multiple networks
- and the EMMA hierarchical message structure, which provides an open architecture
for new application development without modifications to host software. In addition,
EMMA's Internet proxy minimizes the effects of net traffic and provides seamless
connectivity between the Internet and banking or non-banking financial networks,
solving a number of engineering issues facing application developers.