Verifone Holdings, Inc. (NYSE: PAY), today announced the donation of 500 countertop and wireless payment systems to assist merchants impacted by Hurricane Katrina. Verifone is donating the systems through national credit card processor NOVA Information Systems (NOVA) to facilitate a new federal relief initiative that utilizes direct deposit and government-issued debit cards to distribute payments of $2,000 to impacted families.
"We applaud the U.S. government decision to utilize electronic payment systems as the speediest method of providing assistance to victims," said Verifone Chairman and CEO Douglas G. Bergeron. "In an effort to facilitate use of the payment cards, Verifone wants to equip merchants who are currently unable to process electronic transactions. Through NOVA, we will make available the best systems suited to individual merchant needs, including fully mobile, battery operated payment devices that utilize the cellular wireless networks."
"NOVA had thousands of merchants impacted by Hurricane Katrina," said Stuart C. Harvey, president, NOVA Information Systems. "We are doing everything we can to help our merchants and bank partners get up and running again. We appreciate Verifone's generous support of this effort."
The Federal Emergency Management Agency (FEMA) announced Wednesday it would provide $2,000 in assistance to impacted families and distribute via electronic transfer individuals' bank accounts, special FEMA debit cards, or by check that can be delivered directly to individuals through the US Postal Service. The new debit card option will benefit thousands of evacuees who may not have access to direct deposit banking, or are unable to receive checks.