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Steak, Shrimp and Peace of Mind in No Time

Product: TableSwipe
Company: Communication Transaction Solutions Inc. and VeriFone Inc.

A couple just finished a delicious meal at a new restaurant. It's time to pay, but they're nervous about handing over their bankcard to the shifty-eyed waiter. With the skyrocketing reports of identity theft, they think that the fewer hands to touch their card the better.

Now there is a way for diners to quickly pay for meals without the card leaving their possession. Communication Transaction Solutions Inc. (CTS) developed TableSwipe, a software application used with wireless, handheld credit and debit card terminals, to provide not only secure transactions, but also faster service.

The TableSwipe application currently works exclusively with the VeriFone Inc. Vx 610 POS terminal. The company is working on integrating the application into the Lipman NURIT 8010.

Patrons swipe their own cards, which never leave their sight. The terminal encrypts card and transaction data and sends it directly to an integrated POS system for approval. Once a card is approved, an integrated thermal printer generates two standard copies of the receipt, one for the customer and one for the merchant. No account information is printed on either.TableSwipe is a high-tech, high security transmitter. It has no built-in memory, so it stores no account information.

In addition to security, the application cuts the actual transaction time to five seconds or less (for merchants using a broadband connection) and eliminates the time consumers spend waiting for the server to bring the receipt for them to sign. It also includes a convenient tip calculator.

CTS recently unveiled the product at the National Restaurant Association Hotel-Motel Show. In addition to restaurants, TableSwipe can help reduce fraud-related expenses and transaction times in casinos, bars, resorts, and sports stadiums, among many other merchant locations.

Communication Transaction Solutions Inc. 4901 E. Dry Creek Road, Suite 270
Centennial, CO 80122

VeriFone Inc. 2099 Gateway Place, Suite 600
San Jose, CA 95110

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