MEI Solutions entered into an agreement with Vital worth $300 million over a three year period (see excerpt from Spokane Journal of Business below). We were contracted by MEI Solutions to design and implement an interface module that would allow MEI Solutions' Electronic Payment System (EPS) to communicate with Vital's payment gateway to make credit card settlement transactions. Because the module was delivered on-time and under budget the contract was extended to include a second module that would interface with Midwest.
The modules were designed and implemented using C/C++ on the Linux operating system. The modules extracted MEI formatted transaction data and packed it into a message buffer consisting of an eclectic collection of fields, fixed and variable length, BCD, ASCII, ,numeric, EBSIDIC, etc. Completed messages were then placed in a queue and transmitted over a TCP/IP network to a payment gateway.
MEISolutions.com Inc., a Spokane-based maker of software for retail transactions, has signed two agreements that could bring it millions of dollars in new sales and royalties over the next three years, says John E. Molloy, the companys chairman and CEO.
The new pacts have kick-started a hiring drive at the 16-year-old company, and spurred plans for it to move into a new office space that will be nearly double the size of its current Spokane Valley location.
In one of the arrangements, the company has signed an agreement with Vital Processing Services, a Tempe, Ariz.-based credit-card transaction processor, through which MEISolutions.com will provide the operating software for Vitals credit-card transaction machines, which commonly are used at all types of businesses. That agreement alone could be worth millions in sales during the next three years, and perhaps as much as $300 million in all during that time, Molloy asserts. Vital Processing says it handled 5 billion transactions in 1999 and operates more than 1 million terminals. It has put on its Web site an announcement from MEI of the agreement between the two companies. ...