Global | Change

Thomas Cook Completes Fast-Track Chip And PIN Migration With Verifone

Pre-Certified Ocius Solution Meets Needs Of All UK Branches For Leading High Street Travel Company July 05, 2005 United Kingdom

Verifone Holdings, Inc. (NYSE: PAY) today announces that it has completed a fast-track Chip and PIN migration for leading UK travel company Thomas Cook, with the EMV pre-approved Ocius solution from Commidea.

The Ocius solution for Thomas Cook – based on Verifone’s Omni 3750 and SC 5000 secure consumer-facing device, with HSBC as the acquirer – has delivered a fast and secure upgrade to the Chip and PIN mandate for 600 high street locations across the UK and Ireland.

The Ocius solution has been specifically developed by card payment processing system provider Commidea to enable retailers to achieve full Chip and PIN certification with minimal investment of time and money. Ocius is IP-enabled for fast, secure transactions and caters for all of Thomas Cook’s transaction requirements for both travel purchases and foreign exchange in all its 600 branches across the UK.

Peter Chaffe, Foreign Exchange Operations Manager for Thomas Cook, said, “Our Travel Agency distribution network is the second largest in the UK, so we needed to deploy a Chip and PIN solution very quickly, and with minimal interruption to operations. Verifone and Commidea delivered a solution that allowed us to complete our rollout smoothly and very speedily, beating our original target by some margin.”

Commenting on today’s announcement, Nigel Bidmead, EMEA Managing Director for Verifone said, “The Ocius solution, based on Verifone payment technology, removes the time, cost and certification barriers that can be associated with Chip and PIN migration. This successful project demonstrates once again how big-name retailers are turning to Verifone to deliver the benefits of a fast, secure and user-friendly payment solution.”

Ocius provides an ‘out-of-the-box’ Chip and PIN upgrade solution for retailers, based on Verifone’s Omni 3600 mobile solution and on the modular Omni 3750, to which the SC 5000 secure consumer-facing device can be added when required. Ocius is currently under certification on Verifone’s new range of Vx Solutions products. The Ocius application has been designed to run on a range of Verifone IP-enabled products and is capable of supporting Chip and PIN and/or signature verification.

About Verifone Holdings, Inc.
Verifone Holdings, Inc. (“Verifone”) (NYSE: PAY), 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 Thomas Cook UK & Ireland Limited
Thomas Cook UK & Ireland is one of the UK's largest travel companies, employing around 11,000 people. The company's principal operations include 615 high street shops selling travel and foreign exchange, 121 separate bureaux de change, seven Thomas Cook travel warehouses, three call centres, Thomas Cook TV and thomascook.com, one of the most popular UK travel websites. In addition, Thomas Cook has more than ten tour operating brands including: Thomas Cook, JMC, Sunset, Thomas Cook Signature, Club 18-30, flexibletrips.com, Neilson, Latitude, Roomsandhotels.com, Sunworld Ireland and Style Holidays. The company also operates Thomas Cook Airlines, the UK's second largest leisure airline.

Thomas Cook UK & Ireland is owned by German-based Thomas Cook AG, Europe’s second largest leisure group.

About Commidea
Commidea is one of the most innovative developers of card payment processing technology, producing a variety of solutions for high street retail, mail order, e-commerce, telesales, memberships, hospitality and leisure.

The company has built a reputation for reliability, innovation and excellence, continually pushing forward the boundaries of card payment technology.

Customers include organisations both public and private, from multi-national high street retailers to independent retailers, specialist distributors to small leisure clubs, award winning e-commerce sites to the country’s leading mail order companies.

Working with a network of business partners throughout the UK able to deliver a complete EPOS system for virtually every environment, Commidea is the solution for all card payment processing needs.