Global | Change

New Verifone Connect Service Makes Wireless POS Easy

Verizon Wireless CDMA Service is First Offering in All-Inclusive Wireless Payment Solution March 15, 2005 Las Vegas, NV

(ETA Booth #400) Verifone, Inc., the leading provider of payment solutions, today announced Verifone Connect, an all-inclusive, turnkey service that enables both portable and countertop wireless point of sale payment. Verifone also announced an agreement with Verizon Wireless to provide CDMA service with Verifone Connect bundled offerings.

Designed for resale through transaction processors and Independent Sales Organizations (ISOs), and ideal for Verifone’s recently announced Omni 3750 and Vx 610 CDMA solutions, Verifone Connect CDMA Service bundles everything necessary for ISO’s to quickly begin selling wireless point of sale (POS) that works, including:

- Account set up, device provisioning, activation and deployment
- Monthly Verizon Wireless service
- Help desk support
- Terminal management and billing

Verifone Connect wraps all of this functionality into a predictable monthly flat rate cost model that doesn’t impose gateway or per transaction fees on the ISO. Other Verifone Connect bundles will be available later this year.

“Verifone Connect is a total solution for ISOs and processors that enables them immediately to take advantage of and sell the benefits of the proven Verizon Wireless CDMA network for payment processing without having to invest in building infrastructure and new support capabilities,” said Paul Rasori, vice president of marketing for Verifone. “The new generation of wireless solutions provides the economics, reliability and ease of implementation that finally makes wireless a realistic alternative for ISOs.”

Always-on wireless services provide merchants with cost-effective payment transactions almost anywhere, including sidewalks sales or line-busting inside their stores, or in home delivery of services and goods. It allows merchants to take advantage of the benefits of IP-based payment transactions without having to invest in or share wired broadband connections.

“Our agreement with Verifone reflects Verizon Wireless’s ongoing commitment to meet the needs of our customers by extending superior integrated wireless solutions for our customers.” said Jim Straight, Vice President Verizon Wireless. “Verizon Wireless welcomes Verifone’s leadership in developing this innovative program to bring wireless payment systems into the mainstream."

Verifone Connect will enhance and complement an ISO’s existing portfolio of offerings, providing the ability to bundle offerings with aggregated services in a single solution – one bill, one point of contact for service and support. Verifone Connect facilitates IP-based transactions with direct connectivity to major acquirers, which eliminates third-party gateways and results in lower fees to ISOs and elimination of an extra contract and potential point of failure.

For transaction processors, Verifone Connect delivers a complete solution that is flexible and easy to integrate, eliminates the need to internally build third-party relationships, interfaces, support, and billing systems, and reduces organizational costs and set up time without giving up control over how customers are serviced and supported.

About Verifone, Inc.
Verifone, Inc., a global leader in secure electronic payment technologies, provides expertise, solutions and services for today with a migration strategy for tomorrow. Verifone delivers 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 since inception in 1981.

About Verizon Wireless
Verizon Wireless owns and operates the nation's most reliable wireless network, serving 43.8 million voice and data customers. Headquartered in Bedminster, NJ, Verizon Wireless is a joint venture of Verizon Communications (NYSE:VZ) and Vodafone (NYSE and LSE: VOD). Find more information on the Web at www.verizonwireless.com.