Business Services Industry

Track Data Announces the Availability of eCheck Secure -TM- Funding Software for Its myTrack Online Trading Service

Business Wire, July 25, 2000

Business Editors & High Tech Writers

NEW YORK--(BUSINESS WIRE)--July 25, 2000

Track Data Corporation (Nasdaq NMS: TRAC) announced today that eCheck Secure (TM), a service of TROY Group, Inc. (Nasdaq: TROY), is now available as a funding option for its myTrack members. The addition of eCheck Secure (TM) software to myTrack enables members to fund their trading accounts with a secure electronic check transmitted via the Internet.

Barry Hertz, Chairman and CEO, of Track Data said, "We are always looking at ways to enhance and expand the services we provide to our myTrack members. The addition of the eCheck Secure technology to myTrack allows members to fund their accounts quickly and conveniently."

Patrick J. Dirk, Chairman and CEO of TROY Group said, "We are very pleased to provide myTrack members a convenient way to fund their investment accounts online directly from their checking accounts. eCheck Secure can significantly reduce the time involved in funding accounts for myTrack's time-conscious investors."

eCheck is now available to all myTrack members using the latest version of its software, version 4.2. To effect an eCheck, go to myTrade and click on cash management/eCheck deposit.

About the Companies

Track Data is a New York-based financial services company that provides real-time financial market data, news, and research to institutional and individual investors through dedicated telecommunication lines and the Internet.

For individual investors, Track offers myTrack, a fully integrated, Internet-based online trading and market data system. myTrack's online trading has commissions starting at $12.95 per trade and allows users the choice of where to route their orders. myTrack's continuous, dynamic stream of live market data is powered by application-based software and a constant server connection similar to systems used by professionals, making it faster than the HTML web-based static pages offered by most of its competitors, such as Schwab (NYSE: SCH), E*Trade (Nasdaq: EGRP), and TD Waterhouse (NYSE: TWE). In addition to all the free data supplied to myTrack users--streaming delayed quotes, company news, charting for technical analysis, and a proprietary library of intra-day market statistics--myTrack users can choose from a selection of paid data and research, including streaming real-time quotes and Nasdaq Level II. myTrack offers access through PCs, browser phones, and PDAs, such as Palm Organizers (made by Palm Inc. (Nasdaq: PALM)) and Visors (made by Handspring (Nasdaq: HAND)).

myTrack offers the first week of trading commission-free. To open a trading account, go to http://www.mytrack.com or call 1-800-myTrack.

For additional information, please contact Laurel Louison, Investor Relations, at 718-522-7373 or by e-mail: laurel_louison@tdc.com.

TROY Group (www.troygroup.com) is recognized as a worldwide leader in financial payment solutions. The U.S. Treasury has printed all its checks using TROY payment systems since 1984. The Company is also a leading supplier of network printing and Internet connectivity solutions. TROY has established a number of strategic relationships with companies such as Hewlett-Packard (NYSE: HWP), IBM (NYSE: IBM), Standard Register (NYSE: SR) and Equifax (NYSE: EFX) and distributes its solutions in 55 countries. Additional information may be obtained by contacting Patrick J. Dirk, Chairman and CEO at 949-250-3280 or Sean Collins, Coffin Communications Group 818-789-0100.

COPYRIGHT 2000 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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