telecommunication systems-a (TSYS) Key Developments
TeleCommunication Systems Introduces Intrepid9-1-1™ Next Generation Core Services
Jun 29 15
TeleCommunication Systems introduced Intrepid9-1-1™, a suite of Next Generation 9-1-1 (NG9-1-1) Core Services (NG Core Services). This geo-diverse, resilient and modular emergency communications solution validates and geospatially routes 9-1-1 voice calls, SMS text and multimedia messages to public safety answering points (PSAPs) and emergency responders. The scalable solution can be implemented at state, regional or local levels. Intrepid9-1-1 merges the best advanced features and functions of two proven, NG9-1-1 solutions " TCS Gemini and microDATA xSR. Intrepid9-1-1 is comprised of a comprehensive set of NG Core Services that can be implemented as an entire suite or as functional modular elements that integrate with legacy or multi-vendor NG9-1-1 components. Intrepid9-1-1 operates on an Emergency Services IP Network (ESInet) as a platform for connecting originating service providers with PSAPs, and interconnecting PSAPs in a variety of configurations. This flexible, NENA i3-compliant solution is offered via multiple deployment models, including: Intrepid9-1-1 Software-as-a-Service [SaaS] " NG Core Services are operated on equipment owned and maintained by TCS at its geo-diverse data centers, allowing for a speedy deployment and lower capital expenditure. Intrepid9-1-1 Managed Service "NG Core Services are operated on equipment owned and maintained by the customer, allowing for lower operational expenditure. Interoperable with existing and emerging systems, Intrepid9-1-1 features Geographical Information Systems (GIS)-based routing via Location to Service Translation (LoST) protocol. In situations where GIS is not in place, the flexible solution easily operates within a Master Street Address Guide (MSAG)-based routing system. Intrepid9-1-1 is compliant with the Alliance for Telecommunications Industry Solutions' (ATIS) Emergency Services Interconnection Forum (ESIF) standards as well as NENA i3 standards. TCS infrastructure forms the foundation for solutions in E9-1-1, text messaging, commercial location and deployable wireless communications. TCS has been deploying ESInets since 2006, with systems that currently serve more than 27 million people nationwide. Currently supporting more than 500 PSAPs with production service in 35 states and regions, TCS continues to lead the deployment of text-to-911 service in the United States.
TSYS Enhances Card Production in the Migration to Chip Cards
Jun 8 15
TSYS announced the enhancement of its card production capabilities to provide issuers more flexibility, simplicity and speed to market in the transition through the October 2015 chip liability shift. TSYS Chip Card on DemandSM is a new card manufacturing service that allows chips to be added to EMV-capable magnetic stripe cards or customized cards from TSYS Card ShopSM as needed by issuers during the production process. This enhancement provides more control of the chip card migration so that issuers can continue to issue magnetic stripe cards as needed, build new card designs and launch new cards for all or a portion of their portfolio. This increases efficiency and reduces the need for management of chip inventories, applet changes and chip specifications. Chip technology provides enhanced security, resulting in reduced fraud from counterfeit, lost and stolen cards.
TeleCommunication Systems Inc. Partners with Symantec to Deliver Trusted Location
Jun 8 15
TeleCommunication Systems announced a partnership with Symantec enabling TCS to provide financial services firms, online gaming companies and other organizations a powerful new tool for identifying fraud, confirming location compliance, and preventing "false positive" denials of services. The resulting solution enables organizations to confirm the true location of a device and determine whether the device has been tampered with, or that the location has been spoofed. The combined the company Trusted Location and Symantec's Mobility Risk Detection technology provides a comprehensive solution for avoiding fraud. TCS will make the solution available in the third quarter of 2015. The TCS Symantec partnership targets the growing problem of smartphones and other mobile devices being hacked to convey a false location. This type of spoofing facilitates a wide variety of fraud, including online payments, Point of Sale payments, account creation and access, and location compliance. Reliable information about the location of an individual's mobile device is a high- value risk indicator, even when the mobile device is not used to initiate or complete a transaction. It is widely accepted that the location of an individual's mobile device is an excellent "proxy indicator" of the owner's location. The company Trusted Location uses cellular, satellite, Wi-Fi, and other data sets to verify and validate the device's reported location. This approach works nearly anywhere in the world, unlike alternative platforms that use only one technology or one wireless carrier's network and thus work only in limited geographic areas. Symantec's Mobility Risk Detection technology adds a key element to the process by determining whether devices have been compromised (e.g., the device has been jail broken or rooted). The combined solution then presents the customer organization with a Trust Score a ranking that presents the probability that the device is actually at the reported location. In addition, a device that has been tampered with may be indicative of potential risk, even when the location is accurate.
Doc-Aid Selects VirtuMedix Platform of Telecommunication Systems to Provide Secure HIPAA-Compliant Telemedicine Services to its Patients in Texas
May 7 15
TeleCommunication Systems announced that Doc-Aid has selected the VirtuMedix platform to provide secure, HIPAA-compliant telemedicine services to its patients in Texas. With VirtuMedix's cloud-based architecture, Doc-Aid physicians can now remotely serve patients anytime, anywhere and from any device including personal computers, tablets and smartphones. The addition of this urgent care customer expands TCS' VirtuMedix footprint into the southwest region. Based in Laredo, Doc-Aid is a vendor for the Choice Partner Cooperative purchasing network serving over 800 companies. According to the American Academy of Urgent Care Medicine, there are 9,300 urgent care centers in the U.S., and 20,000 physicians who practice urgent care, with both numbers expected to grow. With the integration of the TCS VirtuMedix platform, Doc-Aid can now provide patients with continuous care
via 24/7 access to telemedicine services delivered by its licensed providers. VirtuMedix is a cloud-based telemedicine platform that: Enables continuous care for patients whose conditions or locations make office/hospital visits, inconvenient, impractical, expensive or difficult. Allows urgent care, physician groups, hospitals and other caregivers to expand their patient reach, increase efficiency and differentiate themselves through superior, convenient care. Ensures highly reliable security of patient data and platform access through the first and only telemedicine solution audited for cybersecurity. Supports approximately 1,000 physicians nationwide who rely on VirtuMedix to remotely serve their patients.
TeleCommunication Systems Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for 2015
Apr 30 15
TeleCommunication Systems Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $81,867,000 compared to $85,090,000 a year ago. Adjusted EBITDA was $ 8,019,000 against $7,977,000 a year ago. Income from operations was $2,351,000 compared to $1,506,000 a year ago. Net income was $295,000 against net loss of $477,000 a year ago. Adjusted net income was $2,450,000 or $0.04 per share compared to $2,241,000 or $0.04 per share a year ago.
The company continued to expect 2015 capital expenditures, including capitalized software development, at about $15 million to $17 million, up from 2014's $10 million, including investments associated with new NextGen 9-1-1 and other customers. For 2015, GAAP effective tax rate will continue to be unusual. The company is continuing to use the 55% effective rate on expected 2015 pretax income, which will be mostly noncash tax expense. The company continued to expect that adjusted net income for 2015 will be in the $14 million to $17 million range or $0.23 to $0.28 per diluted share using 62 million shares, up from 2014's $0.20.