Optus, an Australian communications company, and iCash Payment Systems Ltd. have teamed up to deploy Symstream's wireless technology on Optus' Australia-wide ATM fleet.
According to a news release, Symstream's technology uses voice channel to process transactions faster and provides multiple redundancy links from the carrier networks into iCash's host processor network, making the transactions more secure. The company also offers a remote management platform.
"ICash processes millions of ATM transactions annually, and the adoption of Symstream by iCash will reduce communications costs, significantly increase the speed of transactions and facilitate faster ATM rollouts," said Kim Stewert, CEO of iCash's Australian operations, in the release.
