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Die letzte Veröffentlichung: Pathways arbeitet mit türkischen Banken zusammen WOODINVILLE, Wash., Oct 5, 2000 /PRNewswire via COMTEX/ -- The Pathways Group (Nasdaq: PTHW) has entered into agreements with several Turkish banks to work cooperatively to develop smart card solutions for business requirements in Turkey, including the establishment of a transaction processing center that can process credit, debit and smart card transactions efficiently for all participating banks. Turkey, with a population of approximately 66 million, 72% of whom are located in urban areas, is viewed as an ideal market for electronic purse and related smart card applications such as loyalty, secure access and e-commerce. In addition to providing the Proton electronic purse, recognized internationally as the most secure operating system available, Pathways will assist the banks in creating loyalty and affinity programs to tie together related businesses such as restaurant chains, hotel chains, travel agencies, supermarkets, airlines, insurance companies and car rental agencies. Joint marketing efforts on the part of the banks and Pathways will be directed at establishing loyalty programs for the banks` merchant networks. As a part of this process, it is contemplated that a Turkish company will be formed and owned by participating banks and The Pathways Group. This company will purchase a Proton operating license for Turkey for the creation of a Proton e-purse system and create the necessary hardware and software infrastructure to establish an efficient and fully operational transaction processing center, as well as provide all necessary maintenance and service for the center and merchant/customer terminals associated with the participating banks and their customers. Pathways will provide the necessary expertise in software and hardware application development, and will be responsible for ordering, installing and maintaining all hardware and software components of the system, including smart cards and merchant terminals. Pathways will also operate the Proton system, provide all transaction processing services, develop and provide loyalty, affinity and EBT systems as required, and provide trained systems and development engineers for the operation of the system. Christopher R. Miller, Senior Vice President, Business Development, said, "We have been evaluating and investigating business opportunities in Turkey for the past six months, and are now positioned to bring our expertise in development of smart card systems to this dynamic and technologically innovative economy. We are looking forward to working with the banking and business communities in this very exciting project, and expect to have definitive project agreements in place in the next few months." The Pathways Group provides innovative and unique solutions for securely creating, capturing, and processing data and electronic transactions, using custom application software and hardware systems. Founded in 1987, Pathways has evolved into a leader in the development of custom software and hardware for electronic banking, data and transaction processing, and smart card applications. Additionally, The Pathways Group is a transaction processor of payments and electronic benefits in the traditional "brick and mortar" environment as well as for new Internet e-commerce business. It creates both hardware and software solutions for the company`s transaction-based clients to simplify transition to the latest technology breakthroughs. For more information on The Pathways Group, visit their website at www.pathwaysgroup.com. Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Actual results may differ materially from those projected in any forward-looking statement. |
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