"Genpass Wireless is not just a solution for mobile ATMs" said Tom McHugh, Chief Operating Officer for Genpass Technologies. "This service combines the transaction speeds of a dedicated lease-line with costs that can be even lower than a dial-up connection.  And with Genpass Wireless the cost and time required to install or relocate an ATM is significantly reduced.

"It combines the best of  both the lease-line and dial-up worlds," said Ron Riva, VP of Operations for Ventus Networks, which partnered with Genpass to deliver the service.

Genpass Wireless can support Lipman ATM's configured for dial-up or TCP/IP communications. The first ATM to be certified on the new service was the Nurit 6000 manufactured by Lipman.  "This is another example of Lipman's leadership in delivering high quality, cost effective solutions for ATM deployers.  Wireless Service is the next step in cost effectiveness for ATM's, said Randall Wheeler, EVP of Sales and Marketing for Lipman USA.

The companies expect the wireless service to be a popular alternative to dial-up for many off-premise deployments and to lease-line for many financial institution ATMs.  "Genpass Wireless is a quantum leap in ATM performance, flexibility and cost, " said Genpass' McHugh.  "We've had this service running on some of our own ATM's for several months. The performance, costs and security features are exceptional."

Lipman's corporate headquarters and R&D facilities are located in Israel. Lipman also maintains office in the US, Turkey, China, Spain, Russia, Italy, Canada and Latin America. Lipman USA is a wholly-owned subsidiary of Lipman Electronic Engineering Ltd.