World’s largest bookseller turns to Verifone to extend customers’ payment options and cut costs with PIN-based debit
Chicago, Il - May 17, 2004 - Verifone, Inc., the world's leading provider of payment solutions, today announced that Barnes & Noble, Inc. (NYSE: BKS), the world’s largest bookseller, is deploying 6,500 Verifone EverestPlus point of sale (POS) terminals to stores nationwide. The deployment will be completed by the end of June.
Barnes & Noble, which has 647 Barnes & Noble stores in 49 states and also operates 195 B. Dalton Bookseller stores, is deploying Verifone EverestPlus terminals to support credit, debit and gift card payment. The customer-activated Verifone terminals integrate with the chain’s NCR electronic cash register system.
Verifone has shipped more than 500,000 EverestPlus terminals installed since its introduction.
“By deploying a point of sale that supports online debit, for every percentage-based credit and check card transaction Barnes & Noble can convert to lower, fixed-rate PIN-based debit transactions, its stores realize a significant savings in operating costs. Verifone offers a variety of PINpads that deliver the convenience and savings of PIN-based debit –plus so much more –to retailers around the globe,” said Jesse Adams, executive vice president of North American sales at Verifone. “We’re trusted by large chains like Barnes & Noble because our solutions efficiently and cost-effectively supports a broad range of payment capabilities and offer a clear migration path from the most basic to the most sophisticated payment and value-added capabilities at the point of sale.”
Designed to function as a customer-activated PINpad, the EverestPlus supports a broad range of payment capabilities including debit, credit, and EBT payments, in addition to check authorizations, loyalty, and gift card transactions. A triple-track card reader accurately reads any magnetic stripe card — including driver’s licenses.
The EverestPlus can be easily connected with your new and existing point-of-sale (POS) devices, or run in a stand-beside LAN environment. The terminal’s user-friendly design helps customers move swiftly through lines. In addition, the EverestPlus is certified to meet the latest security standards for PIN entry devices (PED). Advanced Triple DES (3DES) encryption and key-management methods such as Master Key/Session Key and Derived Unique Key Per Transaction (DUKPT) further protect critical financial data. EverestPlus is compatible with the Omni 32xx, 33xx, and 37xx terminal families.
About Verifone, Inc.
Verifone, Inc., recognized worldwide as the trusted leader in secure electronic payment technologies, provides expertise, solutions and services for today with a smart migration strategy for tomorrow. Verifone is leading the industry in the delivery of solutions that add value to the point of sale, resulting in improved merchant retention and the generation of new sources of revenue for its partners and customers. Verifone solutions are specifically designed to meet the needs of vertical markets including financial, retail, petroleum, government and healthcare. Verifone has shipped over eleven million electronic-payment systems.